Gladstone Capital Corporation (NASDAQ:GLAD) Receives Consensus Rating of “Hold” from Brokerages

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $21.6667.

Several equities research analysts recently issued reports on GLAD shares. B. Riley Financial reaffirmed a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday.

Gladstone Capital Price Performance

NASDAQ GLAD opened at $19.54 on Friday. The stock has a market capitalization of $441.41 million, a PE ratio of 10.68 and a beta of 0.92. The company has a 50 day moving average price of $19.13 and a two-hundred day moving average price of $19.19. 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 results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. As a group, equities analysts anticipate that Gladstone Capital will post 2.01 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.2%. The ex-dividend date of this dividend was Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.36%.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. WFA of San Diego LLC bought a new stake in Gladstone Capital during the second 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. Garner Asset Management Corp bought a new position in shares of Gladstone Capital in the fourth quarter valued at approximately $36,000. Larson Financial Group LLC lifted its stake in shares of Gladstone Capital by 380.0% in the third quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock worth $52,000 after buying an additional 1,900 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Gladstone Capital in the third quarter worth $74,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.