BidaskClub upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a research note released on Friday, January 17th, BidAskClub reports.
Other equities analysts have also recently issued research reports about the company. Zacks Investment Research cut Gladstone Capital from a hold rating to a sell rating in a report on Wednesday, January 8th. TheStreet raised Gladstone Capital from a c rating to a b rating in a report on Friday, December 6th. Finally, ValuEngine raised Gladstone Capital from a sell rating to a hold rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $8.50.
GLAD stock traded up $0.13 on Friday, hitting $10.22. 227,391 shares of the company’s stock were exchanged, compared to its average volume of 150,431. The firm has a 50 day moving average price of $10.17 and a two-hundred day moving average price of $9.85. Gladstone Capital has a 12-month low of $8.50 and a 12-month high of $10.69. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.36 and a current ratio of 0.36. The stock has a market cap of $311.62 million, a P/E ratio of 15.03 and a beta of 1.11.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, November 13th. The investment management company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a return on equity of 10.26% and a net margin of 39.71%. The firm had revenue of $12.72 million for the quarter, compared to analyst estimates of $12.66 million. Sell-side analysts expect that Gladstone Capital will post 0.84 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 20th will be issued a $0.07 dividend. The ex-dividend date is Thursday, March 19th. This represents a $0.84 dividend on an annualized basis and a yield of 8.22%. Gladstone Capital’s payout ratio is 100.00%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Morgan Stanley raised its holdings in Gladstone Capital by 19.3% in the 2nd quarter. Morgan Stanley now owns 168,767 shares of the investment management company’s stock worth $1,583,000 after purchasing an additional 27,263 shares during the period. TCI Wealth Advisors Inc. increased its stake in Gladstone Capital by 58.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,681 shares of the investment management company’s stock worth $55,000 after buying an additional 2,096 shares in the last quarter. D.A. Davidson & CO. increased its stake in Gladstone Capital by 17.7% during the 3rd quarter. D.A. Davidson & CO. now owns 98,998 shares of the investment management company’s stock worth $965,000 after buying an additional 14,899 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Gladstone Capital by 15.3% during the 3rd quarter. Commonwealth Equity Services LLC now owns 15,488 shares of the investment management company’s stock worth $151,000 after buying an additional 2,056 shares in the last quarter. Finally, Ladenburg Thalmann Financial Services Inc. increased its stake in Gladstone Capital by 2.0% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 59,875 shares of the investment management company’s stock worth $562,000 after buying an additional 1,176 shares in the last quarter. 12.41% of the stock is owned by institutional investors.
Gladstone Capital Company Profile
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
