Brokerages Set Gladstone Capital Corporation (NASDAQ:GLAD) Target Price at $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been given an average rating of “Hold” by the six brokerages that are covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $21.6667.

Several equities research analysts recently commented on GLAD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Jefferies Financial Group set a $21.00 price objective on shares of Gladstone Capital and gave the stock a “hold” rating in a research note on Friday, February 6th.

Hedge Funds Weigh In On Gladstone Capital

A number of hedge funds have recently made changes to their positions in GLAD. Advisory Services Network LLC bought a new stake in Gladstone Capital in the third quarter valued at approximately $74,000. Larson Financial Group LLC raised its holdings in Gladstone Capital by 380.0% during the 3rd 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 last quarter. WFA of San Diego LLC acquired a new position in shares of Gladstone Capital in the 2nd quarter worth approximately $42,000. Closed End Fund Advisors Inc. acquired a new position in shares of Gladstone Capital in the 4th quarter worth approximately $551,000. Finally, SageGuard Financial Group LLC bought a new stake in shares of Gladstone Capital in the 4th quarter valued at $249,000. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Price Performance

Shares of GLAD opened at $17.35 on Friday. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.45. The stock has a market cap of $391.99 million, a PE ratio of 10.91 and a beta of 0.95. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $29.50. The business has a 50-day simple moving average of $18.67 and a two-hundred day simple moving average of $19.97.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%.The company had revenue of $24.51 million for the quarter, compared to analysts’ expectations of $24.70 million. Analysts anticipate that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd were given a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date was Monday, March 23rd. Gladstone Capital’s payout ratio is 113.21%.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.