Gladstone Capital (NASDAQ:GLAD) Announces Quarterly Earnings Results

Gladstone Capital (NASDAQ:GLAD) released its earnings results on Tuesday. The investment management company reported $0.50 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), Zacks reports. Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%.

Gladstone Capital Trading Up 0.5 %

Shares of NASDAQ GLAD opened at $28.22 on Thursday. The company has a market cap of $630.15 million, a price-to-earnings ratio of 7.43 and a beta of 1.27. The stock’s 50 day simple moving average is $28.62 and its 200 day simple moving average is $25.72. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 12-month low of $19.20 and a 12-month high of $30.43.

Gladstone Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were issued a dividend of $0.165 per share. This represents a dividend yield of 6.57%. The ex-dividend date of this dividend was Friday, January 24th. Gladstone Capital’s dividend payout ratio (DPR) is presently 52.11%.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 target price on the stock.

Insider Buying and Selling at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the sale, the president now owns 248,210 shares of the company’s stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.96% of the stock is currently owned by company insiders.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.