Gladstone Capital Co. (NASDAQ:GLAD) – Research analysts at Wedbush issued their Q1 2020 earnings per share estimates for shares of Gladstone Capital in a research note issued on Tuesday, February 19th. Wedbush analyst H. Coffey forecasts that the investment management company will earn $0.22 per share for the quarter. Wedbush also issued estimates for Gladstone Capital’s Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.23 EPS, Q4 2020 earnings at $0.23 EPS, FY2020 earnings at $0.90 EPS and FY2021 earnings at $0.96 EPS.
Several other analysts have also commented on the company. Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. National Securities reaffirmed a “sell” rating and issued a $7.00 price objective on shares of Gladstone Capital in a report on Monday, February 11th. BidaskClub raised Gladstone Capital from a “hold” rating to a “buy” rating in a report on Friday, February 8th. ValuEngine raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. Finally, TheStreet lowered Gladstone Capital from a “b-” rating to a “c” rating in a report on Monday, December 10th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.00.
Shares of GLAD opened at $9.35 on Wednesday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.09 and a quick ratio of 0.09. Gladstone Capital has a one year low of $6.41 and a one year high of $9.87. The firm has a market capitalization of $256.54 million, a P/E ratio of 11.00 and a beta of 1.25.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, February 6th. The investment management company reported $0.21 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a return on equity of 9.99% and a net margin of 16.68%. The company had revenue of $11.91 million during the quarter, compared to analyst estimates of $12.13 million.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PFG Advisors purchased a new position in Gladstone Capital during the fourth quarter valued at $90,000. Legal & General Group Plc lifted its position in Gladstone Capital by 28.4% during the fourth quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock valued at $950,000 after purchasing an additional 28,616 shares in the last quarter. Global Strategic Management Inc. purchased a new position in Gladstone Capital during the fourth quarter valued at $690,000. Summit Global Investments purchased a new position in Gladstone Capital during the fourth quarter valued at $630,000. Finally, LPL Financial LLC lifted its position in Gladstone Capital by 24.9% during the fourth quarter. LPL Financial LLC now owns 121,657 shares of the investment management company’s stock valued at $888,000 after purchasing an additional 24,250 shares in the last quarter. Institutional investors own 12.29% of the company’s stock.
In other news, President Robert L. Marcotte acquired 12,000 shares of the business’s stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average price of $8.33 per share, with a total value of $99,960.00. Following the completion of the acquisition, the president now directly owns 460,037 shares of the company’s stock, valued at approximately $3,832,108.21. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.85% of the company’s stock.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 20th will be issued a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 8.98%. The ex-dividend date of this dividend is Tuesday, February 19th. Gladstone Capital’s payout ratio is currently 98.82%.
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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