Gladstone Capital Corporation (GLAD) Given Media Impact Score of 0.11
Media coverage about Gladstone Capital Corporation (NASDAQ:GLAD) has trended somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gladstone Capital Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news coverage about the investment management company an impact score of 46.475214784755 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- Australia’s Transition to Renewable Energy (skepticalscience.com)
- BRIEF-Gladstone Capital Corp prices series 2024 term preferred stock offering (reuters.com)
- Gladstone Capital Corporation Announces New Series 2024 Term Preferred Stock Offering and Intent to Redeem All Outstanding Shares of Existing Series 2021 Term Preferred Stock (finance.yahoo.com)
- Gladstone Capital Corporation Prices Series 2024 Term Preferred Stock Offering (finance.yahoo.com)
- Gladstone Capital Corporation (GLAD) Ex-Dividend Date Scheduled for (nasdaq.com)
Shares of Gladstone Capital Corporation (NASDAQ GLAD) opened at 9.33 on Wednesday. Gladstone Capital Corporation has a 52-week low of $7.33 and a 52-week high of $10.12. The company has a 50-day moving average of $9.42 and a 200-day moving average of $9.60.
Gladstone Capital Corporation (NASDAQ:GLAD) last posted its earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The company had revenue of $9.63 million for the quarter, compared to analyst estimates of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. On average, equities analysts anticipate that Gladstone Capital Corporation will post $0.76 EPS for the current year.
The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Shareholders of record on Monday, August 21st were issued a $0.07 dividend. The ex-dividend date of this dividend was Thursday, August 17th. This represents a $0.84 annualized dividend and a yield of 9.00%. Gladstone Capital Corporation’s payout ratio is 62.22%.
Several analysts have recently issued reports on the stock. National Securities restated a “sell” rating and set a $8.00 target price on shares of Gladstone Capital Corporation in a research report on Monday, August 7th. BidaskClub upgraded shares of Gladstone Capital Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 3rd. Finally, Zacks Investment Research lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Gladstone Capital Corporation currently has an average rating of “Hold” and an average price target of $9.56.
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In other news, President Robert L. Marcotte bought 4,000 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were bought at an average cost of $9.22 per share, for a total transaction of $36,880.00. Following the acquisition, the president now directly owns 370,720 shares of the company’s stock, valued at approximately $3,418,038.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.45% 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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