Gladstone Capital (NASDAQ:GLAD) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Gladstone Capital Corporation (NASDAQ:GLAD)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $19.45 and traded as high as $19.54. Gladstone Capital shares last traded at $19.35, with a volume of 125,633 shares changing hands.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Jefferies Financial Group set a $21.00 price objective on Gladstone Capital and gave the stock a “hold” rating in a research report on Friday, February 6th. Finally, B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Gladstone Capital has an average rating of “Hold” and a consensus price target of $21.67.

Gladstone Capital Price Performance

The firm has a market cap of $437.12 million, a PE ratio of 10.57 and a beta of 0.92. The company has a 50 day moving average price of $18.31 and a 200 day moving average price of $19.45.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The firm had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. On average, equities analysts anticipate that Gladstone Capital Corporation will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 9.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Capital’s payout ratio is 98.36%.

Institutional Investors Weigh In On Gladstone Capital

A number of institutional investors and hedge funds have recently bought and sold shares of GLAD. Goldman Sachs Group Inc. lifted its position in shares of Gladstone Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after acquiring an additional 456 shares in the last quarter. Focus Partners Wealth acquired a new position in Gladstone Capital during the first quarter worth approximately $220,000. Cetera Investment Advisers increased its holdings in shares of Gladstone Capital by 43.0% during the 2nd quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company’s stock worth $572,000 after buying an additional 6,385 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of Gladstone Capital in the 2nd quarter worth about $46,000. Finally, Quantbot Technologies LP lifted its position in Gladstone Capital by 52.7% during the second quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock valued at $115,000 after buying an additional 1,474 shares in the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

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.