Gladstone Capital's 15min chart shows KDJ Golden Cross, Bullish Marubozu Pattern

Gladstone Capital's 15-minute chart has recently triggered a KDJ Golden Cross and a Bullish Marubozu at 09/19/2025 12:15. This indicates a shift in momentum towards the upside, with potential for further price appreciation. As buyers maintain control of the market, bullish momentum is likely to continue.

Gladstone Capital (GLAD), a Business Development Company (BDC) listed on the NASDAQ, recently experienced a significant technical shift in its market dynamics. On September 19, 2025, at 12:15, the 15-minute chart of GLAD triggered a KDJ Golden Cross and a Bullish Marubozu. These technical indicators suggest a shift in momentum towards the upside, signaling potential for further price appreciation.

The KDJ Golden Cross, which occurs when the 50-period and 200-period moving averages cross over, typically indicates a bullish trend. Additionally, the Bullish Marubozu, characterized by a single candle that is completely filled, signifies strong buying pressure and a potential breakout. As buyers maintain control of the market, bullish momentum is likely to continue.

Despite the recent technical shift, it is essential to consider the broader market context and GLAD's fundamental metrics. GLAD's net investment income per share (NII) generation and leverage are critical factors to assess its NAV and yield sustainability. In Q2, 2025, GLAD's NII per share was $0.50, which was in line with previous quarters and the sector average. However, the current base dividend coverage stands at 101%, indicating a minimal margin of safety. The sector median has a ~10% discount, whereas GLAD trades at a ~10% premium.

GLAD's absolute lowest leverage in the BDC space, with a debt-to-equity ratio of 0.59x compared to the sector average of 1.19x, provides a degree of resilience. This overcapitalization allows GLAD to cover the base dividend, albeit barely. The company is expected to optimize its capital structure, potentially leading to a more shareholder-friendly structure.

In conclusion, while GLAD's recent technical indicators suggest a bullish trend, investors should also consider the company's fundamental metrics and broader market conditions. The combination of technical momentum and fundamental stability positions GLAD as a potential opportunity for investors seeking exposure to the BDC segment.