BidaskClub Lowers Gladstone Capital Corporation (NASDAQ:GLAD) to Sell
BidaskClub downgraded shares of Gladstone Capital Corporation (NASDAQ:GLAD) from a hold rating to a sell rating in a research report released on Thursday, July 27th.
A number of other equities analysts also recently weighed in on GLAD. DA Davidson reissued a buy rating and set a $10.00 target price on shares of Gladstone Capital Corporation in a research note on Wednesday, March 29th. Hilliard Lyons raised shares of Gladstone Capital Corporation from an underperform rating to a neutral rating and lifted their target price for the stock from $8.50 to $9.25 in a research note on Thursday, May 4th. National Securities reissued a sell rating and set a $8.00 target price on shares of Gladstone Capital Corporation in a research note on Monday, May 8th. Finally, Zacks Investment Research upgraded shares of Gladstone Capital Corporation from a hold rating to a buy rating and set a $11.00 price target for the company in a report on Tuesday, May 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $9.56.
Shares of Gladstone Capital Corporation (GLAD) opened at 9.90 on Thursday. The stock’s 50 day moving average price is $9.86 and its 200 day moving average price is $9.62. Gladstone Capital Corporation has a 1-year low of $7.33 and a 1-year high of $10.12.
Gladstone Capital Corporation (NASDAQ:GLAD) last announced its earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. The business had revenue of $9.63 million during the quarter, compared to the consensus estimate of $10.30 million. On average, analysts anticipate that Gladstone Capital Corporation will post $0.78 EPS for the current year.
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The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Monday, August 21st will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.48%. The ex-dividend date of this dividend is Thursday, August 17th. Gladstone Capital Corporation’s dividend payout ratio is currently 62.22%.
Several hedge funds and other institutional investors have recently modified their holdings of GLAD. HL Financial Services LLC acquired a new position in shares of Gladstone Capital Corporation during the first quarter worth about $106,000. WFG Advisors LP boosted its position in shares of Gladstone Capital Corporation by 2.6% in the first quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after buying an additional 327 shares in the last quarter. First Financial Equity Corporation acquired a new position in shares of Gladstone Capital Corporation during the first quarter worth about $135,000. Eagle Global Advisors LLC acquired a new position in shares of Gladstone Capital Corporation during the first quarter worth about $137,000. Finally, Eqis Capital Management Inc. acquired a new position in shares of Gladstone Capital Corporation during the first quarter worth about $141,000. Hedge funds and other institutional investors own 15.94% of the company’s stock.
Gladstone Capital Corporation Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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