Gladstone Capital Corporation (NASDAQ:GLAD) Receives $21.67 Consensus Target Price from Analysts

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have received a consensus recommendation of “Hold” from the six analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $21.6667.

A number of research analysts recently issued reports on the stock. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, Jefferies Financial Group set a $21.00 target price on shares of Gladstone Capital and gave the company a “hold” rating in a research report on Friday, February 6th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. Atlantic Union Bankshares Corp purchased a new position in Gladstone Capital in the third quarter valued at $31,000. Garner Asset Management Corp purchased a new position in Gladstone Capital in the fourth quarter valued at $36,000. WFA of San Diego LLC purchased a new position in Gladstone Capital in the second quarter valued at $42,000. JPMorgan Chase & Co. purchased a new position in Gladstone Capital in the second quarter valued at $46,000. Finally, CWM LLC increased its holdings in Gladstone Capital by 89.2% in the third quarter. CWM LLC now owns 2,246 shares of the investment management company’s stock valued at $49,000 after buying an additional 1,059 shares in the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Price Performance

NASDAQ GLAD opened at $18.92 on Friday. The company has a market capitalization of $427.40 million, a PE ratio of 10.34 and a beta of 0.92. The company has a fifty day moving average of $18.37 and a 200 day moving average of $19.44. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. Research analysts expect that Gladstone Capital will post 2.01 earnings per share for the current year.

Gladstone Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.5%. Gladstone Capital’s payout ratio is currently 98.36%.

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.