Gladstone Capital Corporation (NASDAQ:GLAD) Stock Has Average Price Target of $21.67

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned an average rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $21.67.

Separately, Weiss Ratings raised Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd.

Hedge Funds Weigh In On Gladstone Capital

Several large investors have recently modified their holdings of GLAD. UBS Group AG lifted its stake in Gladstone Capital by 18.0% during the fourth quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock worth $5,613,000 after purchasing an additional 41,484 shares during the last quarter. Closed End Fund Advisors Inc. acquired a new position in shares of Gladstone Capital during the 4th quarter worth $551,000. Miller Global Investments LLC bought a new stake in shares of Gladstone Capital during the 2nd quarter worth $311,000. Entropy Technologies LP acquired a new stake in Gladstone Capital in the first quarter valued at about $179,000. Finally, Sunbelt Securities Inc. bought a new position in Gladstone Capital in the first quarter valued at about $142,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Stock Performance

Gladstone Capital stock opened at $19.22 on Friday. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $22.70. The stock has a market capitalization of $434.18 million, a P/E ratio of 9.33 and a beta of 0.93. The stock has a 50-day simple moving average of $19.53 and a 200 day simple moving average of $19.04.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%.The firm had revenue of $24.50 million for the quarter, compared to analyst estimates of $24.90 million. Research analysts forecast that Gladstone Capital will post 1.99 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently disclosed a special dividend, which was paid on Wednesday, September 16th. Shareholders of record on Thursday, September 10th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 10th. Gladstone Capital’s payout ratio is 87.38%.

About Gladstone Capital

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market companies in the United States. The company primarily seeks to support established businesses with debt and equity capital, often working with companies that may have limited access to traditional bank financing.

Its investment activities generally include senior and subordinated secured loans, unsecured debt, and equity investments. Gladstone Capital may provide financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.