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

Gladstone Capital (NASDAQ:GLAD) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Gladstone Capital Stock Up 1.6 %

NASDAQ GLAD opened at $21.77 on Tuesday. The business’s 50-day moving average is $20.68 and its 200 day moving average is $20.65. The stock has a market capitalization of $473.50 million, a PE ratio of 7.56 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. Gladstone Capital has a 1 year low of $18.38 and a 1 year high of $22.56.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Monday, February 5th. The investment management company reported $0.54 earnings per share for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. The business had revenue of $23.22 million during the quarter, compared to the consensus estimate of $23.39 million. Sell-side analysts forecast that Gladstone Capital will post 2.2 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new position in Gladstone Capital in the fourth quarter worth $67,000. Register Financial Advisors LLC purchased a new stake in shares of Gladstone Capital in the 1st quarter worth about $69,000. Prime Capital Investment Advisors LLC bought a new position in shares of Gladstone Capital in the 3rd quarter worth about $102,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Gladstone Capital during the 3rd quarter valued at about $138,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Gladstone Capital during the fourth quarter worth about $146,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

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.