Gladstone Capital Corporation (NASDAQ:GLAD) Given Average Recommendation of “Hold” by Analysts

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been given an average rating of “Hold” by the six research firms that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.6667.

Several research firms have issued reports on GLAD. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th. Finally, Weiss Ratings raised Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd.

Gladstone Capital Stock Performance

GLAD traded up $0.34 during trading on Friday, reaching $19.75. The stock had a trading volume of 175,046 shares, compared to its average volume of 155,462. The business has a 50-day moving average of $19.24 and a 200-day moving average of $19.14. Gladstone Capital has a one year low of $16.54 and a one year high of $29.50. The stock has a market cap of $446.15 million, a PE ratio of 10.79 and a beta of 0.92.

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

Gladstone Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.15 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 9.1%. Gladstone Capital’s payout ratio is presently 98.36%.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its position in Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after buying an additional 456 shares during the period. Marshall Wace LLP grew its position in shares of Gladstone Capital by 1.0% in the 4th quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock worth $2,279,000 after buying an additional 1,041 shares during the period. Ausdal Financial Partners Inc. increased its stake in shares of Gladstone Capital by 4.3% in the 4th quarter. Ausdal Financial Partners Inc. now owns 29,896 shares of the investment management company’s stock worth $618,000 after acquiring an additional 1,222 shares in the last quarter. Quantbot Technologies LP lifted its position in Gladstone Capital by 52.7% during the 2nd quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock valued at $115,000 after acquiring an additional 1,474 shares during the period. Finally, WFA of San Diego LLC purchased a new position in Gladstone Capital during the 2nd quarter valued at about $42,000. 10.72% of the stock is currently owned by institutional investors.

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.