Wall Street Zen Downgrades Gladstone Capital (NASDAQ:GLAD) to Sell

Gladstone Capital (NASDAQ:GLAD) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday.

Several other research firms have also recently commented on GLAD. Jefferies Financial Group set a $21.00 target price on shares of Gladstone Capital and gave the stock a “hold” rating in a research report on Friday, February 6th. Zacks Research raised Gladstone Capital from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, Gladstone Capital presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Stock Performance

NASDAQ GLAD opened at $16.55 on Friday. The company has a fifty day moving average price of $18.82 and a 200-day moving average price of $20.06. The firm has a market cap of $373.86 million, a price-to-earnings ratio of 10.41 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $29.50.

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, beating analysts’ consensus estimates of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The company had revenue of $24.51 million for the quarter, compared to analyst estimates of $24.70 million. As a group, equities research analysts predict that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atlantic Union Bankshares Corp bought a new position in shares of Gladstone Capital during the 3rd quarter valued at approximately $31,000. Garner Asset Management Corp bought a new stake in shares of Gladstone Capital in the 4th quarter worth approximately $36,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Gladstone Capital in the 2nd quarter worth approximately $37,000. WFA of San Diego LLC purchased a new position in Gladstone Capital in the second quarter valued at approximately $42,000. Finally, JPMorgan Chase & Co. purchased a new position in Gladstone Capital in the second quarter valued at approximately $46,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

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.