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

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been assigned an average rating of “Hold” from the six research firms that are presently covering the company, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.6667.

Several research analysts have weighed in on GLAD shares. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Garner Asset Management Corp purchased a new position in shares of Gladstone Capital during the fourth quarter valued at about $36,000. WFA of San Diego LLC purchased a new stake in shares of Gladstone Capital in the second quarter worth about $42,000. JPMorgan Chase & Co. bought a new position in Gladstone Capital during the second quarter valued at approximately $46,000. Larson Financial Group LLC boosted its stake in 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 valued at $52,000 after buying an additional 1,900 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Gladstone Capital during the 3rd quarter valued at approximately $74,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Trading Up 0.9%

Shares of NASDAQ:GLAD opened at $19.13 on Wednesday. The stock has a 50 day moving average of $18.82 and a 200 day moving average of $19.42. The company has a market cap of $432.15 million, a PE ratio of 10.45 and a beta of 0.92. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%. Equities research analysts predict that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Tuesday, June 23rd. Gladstone Capital’s payout ratio is currently 98.36%.

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.