Gladstone Capital (NASDAQ:GLAD) Posts Quarterly Earnings Results

Gladstone Capital (NASDAQ:GLAD) issued its quarterly earnings data on Tuesday. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by ($0.03), Zacks reports. Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%.

Gladstone Capital Price Performance

NASDAQ:GLAD traded down $0.59 during midday trading on Tuesday, hitting $28.09. 136,837 shares of the stock were exchanged, compared to its average volume of 117,114. The business has a 50-day moving average price of $28.57 and a two-hundred day moving average price of $25.67. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $627.25 million, a price-to-earnings ratio of 7.39 and a beta of 1.27. Gladstone Capital has a one year low of $19.20 and a one year high of $30.43.

Gladstone Capital Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were paid a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s dividend payout ratio is presently 52.11%.

Analysts Set New Price Targets

Separately, B. Riley began coverage on Gladstone Capital in a research report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 price target for the company.

Insider Activity

In related news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the sale, the president now directly owns 248,210 shares in the company, valued at $6,788,543.50. The trade was a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.96% of the stock is owned by insiders.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.