Gladstone Capital (GLAD) Getting Somewhat Favorable Press Coverage, Report Shows
Headlines about Gladstone Capital (NASDAQ:GLAD) have been trending somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gladstone Capital earned a news sentiment score of 0.05 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.0624515613278 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Merger poised to help Wolfeboro custom-injection molding company (unionleader.com)
- Peapack-Gladstone Bank names SVP, senior credit underwriter (njbiz.com)
- Hamilton Robinson invests in GrayMatter (pehub.com)
- Insider Buying: Gladstone Capital Corporation (GLAD) President Acquires 8,000 Shares of Stock (americanbankingnews.com)
- Gladstone Capital Corporation Invests in GrayMatter – Markets Insider (markets.businessinsider.com)
A number of equities analysts have weighed in on the stock. National Securities reaffirmed a “sell” rating and set a $8.00 price target on shares of Gladstone Capital in a research note on Tuesday, September 26th. Ladenburg Thalmann Financial Services assumed coverage on shares of Gladstone Capital in a research note on Friday, October 6th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. Finally, Wedbush assumed coverage on shares of Gladstone Capital in a research note on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Gladstone Capital presently has a consensus rating of “Hold” and a consensus price target of $9.16.
Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Monday, November 20th. The investment management company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. Gladstone Capital had a net margin of 43.78% and a return on equity of 9.94%. The business had revenue of $10.83 million for the quarter, compared to the consensus estimate of $10.72 million. sell-side analysts forecast that Gladstone Capital will post 0.85 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Tuesday, December 19th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 8.65%. The ex-dividend date is Monday, December 18th. Gladstone Capital’s dividend payout ratio (DPR) is 125.37%.
In related news, President Robert L. Marcotte acquired 8,000 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was bought at an average cost of $9.82 per share, with a total value of $78,560.00. Following the acquisition, the president now directly owns 381,770 shares in the company, valued at $3,748,981.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter H. Wilkinson acquired 6,134 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were bought at an average cost of $9.79 per share, with a total value of $60,051.86. Following the completion of the acquisition, the director now owns 13,517 shares in the company, valued at $132,331.43. The disclosure for this purchase can be found here. Insiders own 6.45% of the company’s stock.
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Gladstone Capital 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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