Gladstone Capital Corporation (NASDAQ:GLAD) Given Consensus Rating of “Hold” by Analysts

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned an average recommendation of “Hold” from the five analysts that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $22.00.

A number of research analysts recently issued reports on the company. B. Riley upgraded Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price objective for the company from $27.00 to $22.00 in a research note on Wednesday, November 19th. Oppenheimer raised Gladstone Capital from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $26.00 to $22.00 in a report on Wednesday, November 19th. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 15th. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in shares of Gladstone Capital in the 3rd quarter worth approximately $74,000. Qube Research & Technologies Ltd lifted its position in Gladstone Capital by 84.0% in the third quarter. Qube Research & Technologies Ltd now owns 35,293 shares of the investment management company’s stock worth $772,000 after buying an additional 16,109 shares during the last quarter. Larson Financial Group LLC lifted its position in Gladstone Capital by 380.0% in the third quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock worth $52,000 after buying an additional 1,900 shares during the last quarter. Brevan Howard Capital Management LP boosted its stake in Gladstone Capital by 100.6% during the third quarter. Brevan Howard Capital Management LP now owns 27,851 shares of the investment management company’s stock worth $609,000 after buying an additional 13,964 shares during the period. Finally, Bank of America Corp DE increased its position in Gladstone Capital by 46.6% during the third quarter. Bank of America Corp DE now owns 11,263 shares of the investment management company’s stock valued at $246,000 after acquiring an additional 3,579 shares during the last quarter. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Trading Down 0.9%

Shares of GLAD stock opened at $20.64 on Wednesday. Gladstone Capital has a 12-month low of $18.76 and a 12-month high of $30.43. The stock has a market capitalization of $466.26 million, a P/E ratio of 8.06 and a beta of 0.93. The firm’s 50 day moving average is $20.15 and its 200 day moving average is $23.88.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Monday, November 17th. The investment management company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $23.94 million for the quarter, compared to the consensus estimate of $22.72 million. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%. As a group, equities analysts predict that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a $0.15 dividend. The ex-dividend date is Monday, December 22nd. This represents a c) annualized dividend and a yield of 8.7%. Gladstone Capital’s dividend payout ratio (DPR) is currently 70.31%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.