According to Zacks, “Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies. The Company target small and medium sized private businesses that meet some or all of our criteria, including the potential for growth, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on cash flow, substantial ownership by a buyout fund or a venture capital fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. “
Several other research analysts also recently issued reports on the company. TheStreet raised Marvell Technology Group from a c+ rating to a b- rating in a report on Wednesday, July 3rd. National Securities began coverage on Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a report on Friday, May 3rd. They set a buy rating and a $13.00 price objective on the stock. Wedbush set a $20.00 price objective on Ares Capital and gave the stock a buy rating in a report on Tuesday, May 14th. Finally, BidaskClub downgraded Xencor from a sell rating to a strong sell rating in a report on Tuesday, June 11th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has an average rating of Hold and an average price target of $9.33.
NASDAQ:GLAD opened at $9.51 on Thursday. The stock’s fifty day moving average price is $9.31. Gladstone Capital has a 52-week low of $6.41 and a 52-week high of $9.87. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.11 and a current ratio of 0.11. The firm has a market cap of $279.13 million, a P/E ratio of 11.19 and a beta of 1.20.
Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%. The firm had revenue of $12.52 million for the quarter, compared to analyst estimates of $12.60 million. Analysts forecast that Gladstone Capital will post 0.84 EPS for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Wednesday, July 31st. Stockholders of record on Monday, July 22nd will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend is Friday, July 19th. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.82%.
Hedge funds have recently bought and sold shares of the company. Marshall Wace North America L.P. acquired a new position in shares of Gladstone Capital in the 1st quarter valued at $39,000. West Oak Capital LLC lifted its stake in shares of Gladstone Capital by 500.0% in the 1st quarter. West Oak Capital LLC now owns 6,000 shares of the investment management company’s stock valued at $54,000 after purchasing an additional 5,000 shares during the period. PFG Advisors acquired a new position in shares of Gladstone Capital in the 4th quarter valued at $90,000. Wambolt & Associates LLC acquired a new position in shares of Gladstone Capital in the 1st quarter valued at $106,000. Finally, Boston Partners lifted its stake in shares of Gladstone Capital by 3.5% in the 1st quarter. Boston Partners now owns 68,451 shares of the investment management company’s stock valued at $617,000 after purchasing an additional 2,313 shares during the period. 11.56% of the stock is currently owned by institutional investors.
Gladstone Capital Company Profile
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
Featured Story: Understanding Market Liquidity
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Gladstone Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Capital and related companies with MarketBeat.com's FREE daily email newsletter.