Gladstone Capital Corporation (NASDAQ:GLAD) Receives Average Rating of “Hold” from Brokerages

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have received a consensus recommendation of “Hold” from the six analysts that are covering the company, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.6667.

GLAD has been the topic of several recent analyst reports. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds have recently modified their holdings of the stock. UBS Group AG raised its holdings in shares of Gladstone Capital by 37.5% in the 3rd quarter. UBS Group AG now owns 230,218 shares of the investment management company’s stock worth $5,035,000 after purchasing an additional 62,738 shares during the period. Jane Street Group LLC raised its holdings in Gladstone Capital by 179.0% in the fourth quarter. Jane Street Group LLC now owns 53,425 shares of the investment management company’s stock valued at $1,104,000 after buying an additional 34,278 shares during the period. Trexquant Investment LP grew its stake in Gladstone Capital by 107.7% during the fourth quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock worth $1,223,000 after buying an additional 30,695 shares during the period. Closed End Fund Advisors Inc. acquired a new stake in shares of Gladstone Capital in the fourth quarter worth $551,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Gladstone Capital during the 4th quarter worth $551,000. 10.72% of the stock is owned by institutional investors and hedge funds.

Gladstone Capital Stock Up 0.1%

GLAD opened at $19.30 on Wednesday. The firm has a market cap of $435.87 million, a P/E ratio of 10.53 and a beta of 0.92. The business’s fifty day simple moving average is $19.00 and its 200 day simple moving average is $19.38. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. The firm had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. As a group, equities analysts expect that Gladstone Capital will post 2.01 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.15 dividend. The ex-dividend date is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 9.3%. Gladstone Capital’s payout ratio is 98.36%.

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.