Gladstone Capital (NASDAQ:GLAD) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen lowered shares of Gladstone Capital (NASDAQ:GLAD) from a hold rating to a sell rating in a research report released on Saturday morning.

Several other equities analysts also recently commented on the company. Zacks Research raised Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a report on Monday, December 29th. Finally, Jefferies Financial Group set a $21.00 price objective on Gladstone Capital and gave the company a “hold” rating in a report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Gladstone Capital presently has an average rating of “Hold” and a consensus price target of $21.67.

Gladstone Capital Price Performance

Shares of GLAD opened at $16.55 on Friday. The firm has a market capitalization of $373.91 million, a PE ratio of 10.41 and a beta of 0.95. The company’s 50-day moving average is $18.82 and its 200-day moving average is $20.08. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week 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.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business 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%. Equities analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Monday, March 23rd will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. The ex-dividend date is Monday, March 23rd. Gladstone Capital’s dividend payout ratio is presently 113.21%.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Atlantic Union Bankshares Corp acquired a new position in Gladstone Capital during the third quarter valued at approximately $31,000. Garner Asset Management Corp bought a new stake in Gladstone Capital during the fourth quarter worth $36,000. Steward Partners Investment Advisory LLC acquired a new stake in shares of Gladstone Capital in the 2nd quarter valued at $37,000. WFA of San Diego LLC acquired a new stake in shares of Gladstone Capital in the 2nd quarter valued at $42,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Gladstone Capital in the 2nd quarter valued at $46,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.