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

Gladstone Capital Corporation (NASDAQ:GLAD) has earned a consensus recommendation of “Hold” from the five brokerages 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 twelve-month price target among brokerages that have issued a report on the stock in the last year is $21.6667.

Several equities research analysts recently weighed in on the company. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th. Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd.

Gladstone Capital Price Performance

NASDAQ:GLAD opened at $19.67 on Monday. The company has a market capitalization of $444.35 million, a P/E ratio of 9.55 and a beta of 0.92. The business has a fifty day simple moving average of $19.35 and a two-hundred day simple moving average of $18.87. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $26.84.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%.The firm had revenue of $24.50 million for the quarter, compared to analysts’ expectations of $24.90 million. As a group, analysts anticipate that Gladstone Capital will post 1.99 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be given a $0.15 dividend. The ex-dividend date of this dividend is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 9.2%. Gladstone Capital’s payout ratio is 87.38%.

Institutional Trading of Gladstone Capital

A number of institutional investors have recently modified their holdings of the business. Closed End Fund Advisors Inc. purchased a new position in Gladstone Capital in the 4th quarter valued at approximately $551,000. UBS Group AG raised its holdings in Gladstone Capital by 18.0% during the 4th quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock valued at $5,613,000 after acquiring an additional 41,484 shares during the period. Garner Asset Management Corp purchased a new stake in shares of Gladstone Capital during the fourth quarter worth $36,000. Advisory Services Network LLC purchased a new stake in shares of Gladstone Capital during the third quarter worth $74,000. Finally, Larson Financial Group LLC boosted its holdings in shares of 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 acquiring an additional 1,900 shares during the period. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

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.