Gladstone Capital (NASDAQ:GLAD) Posts Earnings Results

Gladstone Capital (NASDAQ:GLAD) issued its quarterly earnings data on Monday. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01, Zacks reports. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%.The company had revenue of $23.94 million during the quarter, compared to analysts’ expectations of $22.72 million.

Gladstone Capital Trading Down 2.7%

Shares of GLAD opened at $18.77 on Tuesday. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.06. Gladstone Capital has a 12-month low of $18.76 and a 12-month high of $30.43. The firm has a market capitalization of $419.13 million, a PE ratio of 5.54 and a beta of 0.98. The stock’s fifty day simple moving average is $20.76 and its 200-day simple moving average is $24.77.

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Monday, December 22nd will be paid a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, December 22nd. Gladstone Capital’s dividend payout ratio (DPR) is 53.10%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLAD. WFA of San Diego LLC bought a new stake in shares of Gladstone Capital during the second quarter worth approximately $42,000. JPMorgan Chase & Co. acquired a new position in shares of Gladstone Capital in the 2nd quarter valued at $46,000. Larson Financial Group LLC grew its stake in shares of Gladstone Capital by 380.0% during the third quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock worth $52,000 after purchasing an additional 1,900 shares during the period. Quantbot Technologies LP increased its holdings in Gladstone Capital by 52.7% in the second quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock valued at $115,000 after purchasing an additional 1,474 shares during the last quarter. Finally, Focus Partners Wealth acquired a new position in Gladstone Capital in the first quarter valued at about $220,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

GLAD has been the subject of several analyst reports. Weiss Ratings downgraded shares of Gladstone Capital from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, October 30th. Zacks Research downgraded Gladstone Capital from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Oppenheimer raised their price target on Gladstone Capital from $24.00 to $26.00 and gave the company a “market perform” rating in a report on Wednesday, August 6th. Finally, LADENBURG THALM/SH SH raised Gladstone Capital to a “hold” rating in a research note on Wednesday, August 6th. Four analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Gladstone Capital has an average rating of “Reduce” and an average target price of $26.00.

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.