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Gladstone Capital About To Put More Money In Your Pocket (GLAD)
Wednesday, January 17, 9:56 AM ET, by Market News Video Staff

On 1/19/18, Gladstone Capital Corporation - Business Developme (GLAD) will trade ex-dividend, for its monthly ...

Top Buys by Top Brass: President Marcotte's $295.5K Bet on GLAD
Wednesday, February 21, 10:06 AM ET, by Market News Video Staff

A company's own top management tend to have the best inside view into the business, ...

Ex-Div Reminder for Gladstone Capital
Tuesday, April 17, 9:59 AM ET, by Market News Video Staff

On 4/19/18, Gladstone Capital Corporation - Business Developme (GLAD) will trade ex-dividend, for its monthly ...

GLAD Ex-Dividend Reminder - 5/21/18
Thursday, May 17, 9:55 AM ET, by Market News Video Staff

On 5/21/18, Gladstone Capital Corporation - Business Developme (GLAD) will trade ex-dividend, for its monthly ...

GLAD Ex-Dividend Reminder
Friday, June 15, 10:22 AM ET, by Market News Video Staff

On 6/19/18, Gladstone Capital Corporation - Business Developme (GLAD) will trade ex-dividend, for its monthly ...

Will Insiders Be Tempted To Buy More GLAD At The New 52-Week Low?

By Market News Video Staff, Thursday, December 20, 1:47 PM ET
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In trading on Thursday, shares of Gladstone Capital Corporation (NASDAQ:GLAD) touched a new 52-week low of $7.05/share. That's a $2.82 share price drop, or -28.57% decline from the 52-week high of $9.87 set back on 09/13/2018. Large percentage drops always require that the stock post even larger percentage gains from the low in order to recover the old price point, and for GLAD that means the stock would have to gain 40.00% to get back to the 52-week high. For a move like that, Gladstone Capital Corporation would need fundamental strength at the business level.

Here's a rhetorical question: Who knows more about fundamentals at the business level than the company's own insiders? So let's take a look to see whether any company insiders were taking the other side of the trade as GLAD shares were being sold down to this new 52-week low, focusing on the most recent trailing six month period. As summarized by the table below, GLAD has seen 2 different instances of insiders buying over the past six months.

Purchased Insider Title Shares Price/Share Value
11/20/2018 Robert L. Marcotte President 10,000 $8.71 $87,100.00
11/21/2018 Nicole Frances Dubas Schaltenbrand CFO and Treasurer 582 $8.62 $5,015.97
12/07/2018 Robert L. Marcotte President 12,000 $8.33 $99,960.00

In the short run, while the new 52-week low suggests the stock is at the cheapest price and perhaps therefore the best bargain it has been over the last 52 weeks, the low print also means anyone who has purchased the stock over that timeframe is staring at an unrealized loss. Oftentimes, that factor drives a stock's technical analysis metrics by creating overhead resistance, with investors who bought higher now anxious to reverse their trade once they are back to breakeven. The chart below shows where GLAD has traded over the past year, with the 50-day and 200-day moving averages included.

Gladstone Capital Corporation Moving Averages Chart

Time will tell whether the insider purchases foretell a future rebound for GLAD shares, which are presently showing a last trade of $7.11/share, slightly above the new 52-week low.


This Article's Word Cloud:   Bargains   Capital   Cheaper   Corporation   Dubas   Frances   GLAD   Gladstone   Here   Insider   Insiders   Large   Marcotte   Nicole   Oftentimes   President   Price   Purchased   Robert   Schaltenbrand   Share   Shares   Start   Than   That   Thursday   back   below   business   company   from   high   insiders   last   level   means   over   past   percentage   price   share   shares   stock   that   trade   week   were   whether   with   would
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