Brokerages predict that Gladstone Capital Co. (NASDAQ:GLAD) will announce earnings of $0.21 per share for the current quarter, Zacks reports. Two analysts have issued estimates for Gladstone Capital’s earnings. Gladstone Capital also posted earnings per share of $0.21 in the same quarter last year. The company is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.
On average, analysts expect that Gladstone Capital will report full-year earnings of $0.86 per share for the current year, with EPS estimates ranging from $0.84 to $0.87. For the next fiscal year, analysts forecast that the business will report earnings of $0.88 per share, with EPS estimates ranging from $0.83 to $0.93. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Monday, February 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%. The firm had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.72 million.
Several analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Gladstone Capital from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research note on Wednesday, April 11th. ValuEngine lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. TheStreet lowered shares of Gladstone Capital from a “b” rating to a “c+” rating in a research note on Tuesday, February 6th. National Securities upgraded shares of Gladstone Capital from a “sell” rating to a “neutral” rating and set a $8.00 target price for the company in a research note on Tuesday, February 6th. Finally, Ladenburg Thalmann upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Gladstone Capital currently has a consensus rating of “Hold” and a consensus target price of $9.10.
NASDAQ GLAD opened at $8.69 on Wednesday. Gladstone Capital has a 1 year low of $7.80 and a 1 year high of $10.12. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.96 and a quick ratio of 5.96. The firm has a market capitalization of $230.37, a PE ratio of 10.30 and a beta of 1.09.
The business also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, April 19th. This represents a $0.84 annualized dividend and a yield of 9.67%. Gladstone Capital’s payout ratio is currently 100.00%.
In related news, President Robert L. Marcotte purchased 11,400 shares of Gladstone Capital stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average price of $9.04 per share, for a total transaction of $103,056.00. Following the completion of the transaction, the president now owns 405,517 shares in the company, valued at $3,665,873.68. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders have purchased 13,729 shares of company stock valued at $124,164. 5.89% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of GLAD. Advisor Group Inc. grew its position in Gladstone Capital by 156.8% during the fourth quarter. Advisor Group Inc. now owns 11,160 shares of the investment management company’s stock valued at $102,000 after buying an additional 6,815 shares during the period. OxFORD Asset Management LLP bought a new position in Gladstone Capital during the third quarter valued at about $151,000. D.A. Davidson & CO. grew its position in Gladstone Capital by 63.7% during the fourth quarter. D.A. Davidson & CO. now owns 36,456 shares of the investment management company’s stock valued at $336,000 after buying an additional 14,185 shares during the period. Janney Montgomery Scott LLC grew its position in Gladstone Capital by 68.5% during the third quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock valued at $414,000 after buying an additional 17,709 shares during the period. Finally, Macquarie Group Ltd. grew its position in Gladstone Capital by 465.7% during the fourth quarter. Macquarie Group Ltd. now owns 52,604 shares of the investment management company’s stock valued at $484,000 after buying an additional 43,305 shares during the period. Institutional investors own 13.60% of the company’s stock.
Gladstone Capital Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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