Gladstone Capital (NASDAQ:GLAD) Stock Rating Upgraded by Zacks Research

Gladstone Capital (NASDAQ:GLAD) was upgraded by investment analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

A number of other research firms also recently issued reports on GLAD. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and cut their price target for the company from $26.00 to $22.00 in a research note on Wednesday, November 19th. Wall Street Zen lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. B. Riley upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $27.00 to $22.00 in a research report on Wednesday, November 19th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday. Two research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.00.

Gladstone Capital Trading Up 0.8%

NASDAQ:GLAD opened at $21.58 on Monday. The company has a market cap of $487.58 million, a PE ratio of 8.40 and a beta of 0.93. The company has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $24.19. Gladstone Capital has a 12 month low of $18.76 and a 12 month high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, November 17th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $23.94 million for the quarter, compared to the consensus estimate of $22.72 million. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%. Research analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current year.

Institutional Investors Weigh In On Gladstone Capital

A number of institutional investors and hedge funds have recently bought and sold shares of GLAD. Goldman Sachs Group Inc. increased its holdings in shares of Gladstone Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after purchasing an additional 456 shares during the last quarter. Belpointe Asset Management LLC grew its holdings in Gladstone Capital by 13.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock valued at $228,000 after buying an additional 1,008 shares in the last quarter. Cetera Investment Advisers increased its stake in Gladstone Capital by 3.7% in the 1st quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock worth $407,000 after acquiring an additional 534 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Gladstone Capital during the 1st quarter worth approximately $77,000. Finally, Compound Planning Inc. boosted its position in shares of Gladstone Capital by 14.6% during the 1st quarter. Compound Planning Inc. now owns 20,537 shares of the investment management company’s stock valued at $564,000 after acquiring an additional 2,620 shares during the last quarter. 10.72% of the stock is owned by institutional investors.

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.