Several other equities analysts have also recently issued reports on GLAD. BidaskClub cut shares of Gladstone Capital from a buy rating to a hold rating in a research report on Tuesday, December 24th. TheStreet upgraded shares of Gladstone Capital from a c rating to a b rating in a research report on Friday, December 6th. Finally, Zacks Investment Research upgraded shares of Gladstone Capital from a sell rating to a hold rating in a research report on Wednesday, January 1st. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. Gladstone Capital has a consensus rating of Hold and an average price target of $8.50.
Shares of NASDAQ GLAD opened at $10.06 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.36 and a current ratio of 0.36. Gladstone Capital has a 52-week low of $7.55 and a 52-week high of $10.69. The firm has a 50 day moving average price of $10.29 and a two-hundred day moving average price of $9.72. The stock has a market cap of $306.74 million, a P/E ratio of 11.98 and a beta of 1.11.
Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, November 13th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a net margin of 39.71% and a return on equity of 10.26%. The business had revenue of $12.72 million during the quarter, compared to analyst estimates of $12.66 million. Analysts predict that Gladstone Capital will post 0.85 earnings per share for the current fiscal year.
The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Thursday, December 19th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Wednesday, December 18th. Gladstone Capital’s dividend payout ratio (DPR) is presently 100.00%.
Institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of Gladstone Capital by 4.4% during the second quarter. LPL Financial LLC now owns 145,187 shares of the investment management company’s stock worth $1,362,000 after buying an additional 6,109 shares during the period. Morgan Stanley grew its holdings in Gladstone Capital by 19.3% in the second quarter. Morgan Stanley now owns 168,767 shares of the investment management company’s stock worth $1,583,000 after purchasing an additional 27,263 shares during the period. D.A. Davidson & CO. grew its holdings in Gladstone Capital by 17.7% in the third quarter. D.A. Davidson & CO. now owns 98,998 shares of the investment management company’s stock worth $965,000 after purchasing an additional 14,899 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Gladstone Capital by 58.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,681 shares of the investment management company’s stock worth $55,000 after purchasing an additional 2,096 shares during the period. Finally, Commonwealth Equity Services LLC grew its holdings in Gladstone Capital by 15.3% in the third quarter. Commonwealth Equity Services LLC now owns 15,488 shares of the investment management company’s stock worth $151,000 after purchasing an additional 2,056 shares during the period. Institutional investors own 12.39% of the company’s stock.
About Gladstone Capital
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.
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