Gladstone Capital Co. (NASDAQ:GLAD) announced a monthly dividend on Wednesday, January 9th, Wall Street Journal reports. Investors of record on Wednesday, March 20th will be paid a dividend of 0.07 per share by the investment management company on Friday, March 29th. This represents a $0.84 annualized dividend and a yield of 9.12%. The ex-dividend date of this dividend is Tuesday, March 19th.
Gladstone Capital has a dividend payout ratio of 97.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Gladstone Capital to earn $0.87 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 96.6%.
Shares of GLAD stock opened at $9.21 on Monday. The firm has a market capitalization of $262.53 million, a P/E ratio of 10.84 and a beta of 1.28. Gladstone Capital has a twelve month low of $6.41 and a twelve month high of $9.87. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.09 and a current ratio of 0.09.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, February 6th. The investment management company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $11.91 million for the quarter, compared to analysts’ expectations of $12.13 million. Gladstone Capital had a return on equity of 9.99% and a net margin of 16.68%. As a group, equities analysts anticipate that Gladstone Capital will post 0.86 earnings per share for the current fiscal year.
A number of research analysts have recently issued reports on GLAD shares. BidaskClub downgraded Gladstone Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. National Securities reaffirmed a “sell” rating and set a $7.00 price target on shares of Gladstone Capital in a report on Monday, February 11th. Zacks Investment Research downgraded Gladstone Capital from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. ValuEngine downgraded Gladstone Capital from a “hold” rating to a “sell” rating in a report on Wednesday, November 28th. Finally, TheStreet downgraded Gladstone Capital from a “b-” rating to a “c” rating in a report on Monday, December 10th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $9.00.
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Gladstone Capital Company Profile
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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