Gladstone Capital (NASDAQ:GLAD) Rating Increased to Hold at StockNews.com

Gladstone Capital (NASDAQ:GLAD) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Gladstone Capital Stock Performance

Gladstone Capital stock opened at $21.77 on Tuesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.05 and a current ratio of 0.05. Gladstone Capital has a one year low of $18.38 and a one year high of $22.56. The stock’s 50 day moving average price is $20.68 and its 200 day moving average price is $20.65. The firm has a market capitalization of $473.50 million, a PE ratio of 7.56 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, February 5th. The investment management company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $23.22 million during the quarter, compared to analysts’ expectations of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. As a group, sell-side analysts expect that Gladstone Capital will post 2.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Creekmur Asset Management LLC bought a new position in shares of Gladstone Capital during the fourth quarter worth about $67,000. Register Financial Advisors LLC acquired a new position in shares of Gladstone Capital during the first quarter worth approximately $69,000. Prime Capital Investment Advisors LLC bought a new position in Gladstone Capital in the 3rd quarter worth approximately $102,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in Gladstone Capital in the 3rd quarter worth approximately $138,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Gladstone Capital in the 4th quarter valued at approximately $146,000. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Company Profile

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.