StockNews.com Upgrades Gladstone Capital (NASDAQ:GLAD) to “Hold”

Gladstone Capital (NASDAQ:GLAD) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Gladstone Capital Price Performance

GLAD traded up $0.18 during midday trading on Thursday, hitting $22.20. 116,608 shares of the company traded hands, compared to its average volume of 146,646. The business has a 50 day simple moving average of $20.88 and a two-hundred day simple moving average of $20.75. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $482.94 million, a price-to-earnings ratio of 8.04 and a beta of 1.23. Gladstone Capital has a 52-week low of $18.38 and a 52-week high of $22.56.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.31). The business had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. Gladstone Capital had a return on equity of 11.24% and a net margin of 73.15%. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities analysts forecast that Gladstone Capital will post 2.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gladstone Capital

A number of institutional investors have recently bought and sold shares of the company. Atomi Financial Group Inc. raised its stake in Gladstone Capital by 10.4% during the first quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,612 shares during the period. Kovack Advisors Inc. raised its stake in Gladstone Capital by 1.2% during the first quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock worth $747,000 after purchasing an additional 856 shares during the period. Register Financial Advisors LLC purchased a new position in Gladstone Capital during the first quarter worth about $69,000. Creekmur Asset Management LLC purchased a new position in Gladstone Capital during the fourth quarter worth about $67,000. Finally, Eagle Global Advisors LLC raised its stake in Gladstone Capital by 15.4% during the fourth quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock worth $172,000 after purchasing an additional 2,150 shares during the period. 10.72% of the stock is owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

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.