Gladstone Capital (NASDAQ:GLAD) Issues Earnings Results, Misses Expectations By $0.31 EPS

Gladstone Capital (NASDAQ:GLAD) issued its earnings results on Wednesday. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31), Zacks reports. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. The company had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. During the same period last year, the business posted $0.52 earnings per share.

Gladstone Capital Trading Down 2.4 %

NASDAQ:GLAD traded down $0.53 on Thursday, reaching $21.24. The stock had a trading volume of 269,754 shares, compared to its average volume of 147,808. Gladstone Capital has a 12-month low of $18.38 and a 12-month high of $22.56. The company has a market cap of $461.97 million, a price-to-earnings ratio of 7.38 and a beta of 1.23. The firm’s fifty day moving average is $20.71 and its two-hundred day moving average is $20.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05.

Gladstone Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be given a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 9.32%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is presently 68.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Tuesday.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.