Gladstone Capital Corporation Buyback
OLI recorded this information on 1/20/2016
Gladstone Capital Corporation
Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") announced that its board of directors has authorized a share repurchase program for up to $7,500,000 of the Company's common stock. The repurchases are intended to be implemented through open market transactions on U.S. exchanges or in privately negotiated transactions, in accordance with applicable securities laws, and any market purchases will be made during applicable trading window periods or pursuant to any applicable Rule 10b5-1 trading plans. The timing, prices, and sizes of repurchases will depend upon prevailing market prices, general economic and market conditions and other considerations. The repurchase program does not obligate the Company to acquire any particular amount of stock.
Gladstone Capital is an externally managed, closed-end, non-diversified management investment company. Co.'s investment objectives are to: achieve and grow existing income by investing in debt securities of lower middle market companies (defined as companies with annual earnings before interest, taxes, depreciation and amortization of $3,000,000 to $15,000,000) in the United States; and provides its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities, in connection with its debt investments.
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Hold (2.00 out of 4)
(ranked lower than approx. 99% of all stocks covered)
Based on Zacks ABR data;
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