Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, July 9th, Zacks reports. Stockholders of record on Monday, July 22nd will be paid a dividend of 0.07 per share by the investment management company on Wednesday, July 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.82%. The ex-dividend date is Friday, July 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 fall. Analysts expect Gladstone Capital to earn $0.85 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 98.8%.
Shares of NASDAQ:GLAD opened at $9.52 on Thursday. The firm has a market cap of $280.30 million, a P/E ratio of 11.20 and a beta of 1.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.11 and a quick ratio of 0.11. The company has a 50-day simple moving average of $9.33. Gladstone Capital has a 1 year low of $6.41 and a 1 year high of $9.87.
Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The business had revenue of $12.52 million during the quarter, compared to analyst estimates of $12.60 million. Gladstone Capital had a net margin of 16.24% and a return on equity of 10.12%. Research analysts predict that Gladstone Capital will post 0.84 EPS for the current fiscal year.
GLAD has been the topic of a number of recent analyst reports. Zacks Investment Research raised General Moly from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. National Securities began coverage on Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research report on Friday, May 3rd. They issued a “buy” rating and a $13.00 target price for the company. TheStreet raised Marvell Technology Group from a “c+” rating to a “b-” rating in a research report on Wednesday, July 3rd. Finally, Wedbush set a $20.00 target price on Ares Capital and gave the company a “buy” rating in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $9.33.
About Gladstone Capital
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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