Gladstone Capital Corporation (NASDAQ:GLAD) Receives $21.67 Average PT from Brokerages

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned an average rating of “Hold” from the six research firms that are presently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $21.6667.

Several equities analysts have commented on GLAD shares. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Finally, Weiss Ratings raised Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd.

Hedge Funds Weigh In On Gladstone Capital

Institutional investors have recently modified their holdings of the company. Closed End Fund Advisors Inc. bought a new position in Gladstone Capital in the 4th quarter worth $551,000. UBS Group AG boosted its holdings in Gladstone Capital by 18.0% during the fourth 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. Miller Global Investments LLC acquired a new stake in shares of Gladstone Capital in the second quarter valued at about $311,000. Sunbelt Securities Inc. acquired a new stake in shares of Gladstone Capital in the first quarter valued at about $142,000. Finally, Entropy Technologies LP bought a new position in shares of Gladstone Capital in the first quarter worth about $179,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Down 1.7%

NASDAQ GLAD opened at $19.36 on Friday. The stock has a market capitalization of $437.34 million, a PE ratio of 10.58 and a beta of 0.92. The company has a 50 day moving average price of $19.18 and a two-hundred day moving average price of $19.16. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. As a group, equities analysts anticipate that Gladstone Capital will post 2.01 EPS for the current year.

Gladstone Capital Dividend Announcement

The business also recently announced a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.3%. Gladstone Capital’s dividend payout ratio is presently 98.36%.

About Gladstone Capital

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.