Gladstone Capital Corporation (NASDAQ:GLAD) Given Average Recommendation of “Hold” by Analysts

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.6667.

A number of analysts recently weighed in on the stock. Weiss Ratings upgraded shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. B. Riley Financial reaffirmed a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th.

Gladstone Capital Stock Performance

Shares of NASDAQ:GLAD opened at $19.90 on Monday. The company has a 50 day moving average of $19.43 and a 200-day moving average of $18.88. The firm has a market cap of $449.60 million, a P/E ratio of 9.66 and a beta of 0.92. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $26.60.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%.The company had revenue of $24.50 million for the quarter, compared to the consensus estimate of $24.90 million. Equities research analysts forecast that Gladstone Capital will post 1.99 EPS for the current year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a dividend of $0.15 per share. The ex-dividend date is Monday, September 21st. This represents a c) dividend on an annualized basis and a dividend yield of 9.0%. Gladstone Capital’s payout ratio is currently 87.38%.

Hedge Funds Weigh In On Gladstone Capital

A number of large investors have recently made changes to their positions in the business. Garner Asset Management Corp acquired a new stake in shares of Gladstone Capital during the 4th quarter valued at about $36,000. WFA of San Diego LLC acquired a new stake in Gladstone Capital in the 2nd quarter worth approximately $42,000. JPMorgan Chase & Co. bought a new position in shares of Gladstone Capital in the second quarter valued at approximately $46,000. Larson Financial Group LLC raised its holdings in Gladstone Capital by 380.0% in the 3rd quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock worth $52,000 after acquiring an additional 1,900 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Gladstone Capital in the third quarter worth about $74,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.