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

StockNews.com upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a research report sent to investors on Saturday morning.

Gladstone Capital Trading Up 0.4 %

NASDAQ:GLAD opened at $20.40 on Friday. Gladstone Capital has a 12-month low of $18.38 and a 12-month high of $22.56. The firm has a market capitalization of $443.70 million, a P/E ratio of 7.08 and a beta of 1.25. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05. The business has a 50 day simple moving average of $20.46 and a 200 day simple moving average of $20.48.

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 business had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. Equities research analysts predict that Gladstone Capital will post 2.2 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be paid a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 9.71%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s payout ratio is currently 68.75%.

Institutional Trading of Gladstone Capital

Hedge funds have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. bought a new stake in shares of Gladstone Capital in the 2nd quarter worth $36,000. Money Concepts Capital Corp bought a new stake in shares of Gladstone Capital in the 4th quarter worth $36,000. Garner Asset Management Corp bought a new stake in shares of Gladstone Capital in the 4th quarter worth $40,000. BNP Paribas Arbitrage SA raised its stake in shares of Gladstone Capital by 230.5% in the 1st quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock worth $51,000 after buying an additional 2,999 shares in the last quarter. Finally, Creekmur Asset Management LLC bought a new stake in shares of Gladstone Capital in the 4th quarter worth $67,000. Institutional investors own 10.72% of the company’s stock.

About Gladstone Capital

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.