Brokerages Set Gladstone Capital Corporation (NASDAQ:GLAD) Target Price at $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $21.6667.

GLAD has been the subject of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. B. Riley Financial raised Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price target for the company from $27.00 to $22.00 in a report on Wednesday, November 19th. Oppenheimer raised Gladstone Capital from a “market perform” rating to an “outperform” rating and decreased their price objective for the stock from $26.00 to $22.00 in a report on Wednesday, November 19th. Wall Street Zen raised Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th.

Institutional Trading of Gladstone Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in shares of Gladstone Capital in the fourth quarter valued at approximately $213,000. Virtus Investment Advisers LLC boosted its stake in Gladstone Capital by 60.5% during the 4th quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock valued at $587,000 after purchasing an additional 10,703 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in Gladstone Capital during the 4th quarter valued at $423,000. Quadrature Capital Ltd increased its position in shares of Gladstone Capital by 45.9% during the 4th quarter. Quadrature Capital Ltd now owns 36,791 shares of the investment management company’s stock valued at $760,000 after purchasing an additional 11,580 shares during the period. Finally, Trexquant Investment LP raised its stake in shares of Gladstone Capital by 107.7% in the 4th quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock worth $1,223,000 after buying an additional 30,695 shares in the last quarter. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Price Performance

Shares of GLAD opened at $18.61 on Monday. Gladstone Capital has a 12 month low of $17.86 and a 12 month high of $29.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05. The stock has a fifty day moving average price of $19.85 and a 200 day moving average price of $21.09. The company has a market cap of $420.40 million, a P/E ratio of 11.70 and a beta of 0.95.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $24.51 million during the quarter, compared to the consensus estimate of $24.70 million. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. On average, research analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a yield of 9.7%. Gladstone Capital’s dividend payout ratio is presently 113.21%.

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.