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

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.67.

A number of research firms recently weighed in on GLAD. Weiss Ratings downgraded Gladstone Capital from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, October 14th. ATB Cormark Capital Markets upgraded Gladstone Capital to a “moderate buy” rating in a research note on Thursday, October 8th.

Gladstone Capital Stock Performance

NASDAQ GLAD opened at $19.38 on Friday. The stock’s fifty day moving average is $19.22 and its two-hundred day moving average is $19.06. The firm has a market capitalization of $437.79 million, a P/E ratio of 9.41 and a beta of 0.94. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $21.73.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $24.90 million. As a group, sell-side analysts forecast that Gladstone Capital will post 1.99 EPS for the current year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 9.3%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Capital’s payout ratio is currently 87.38%.

Institutional Investors Weigh In On Gladstone Capital

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC grew its position in shares of Gladstone Capital by 1,463.6% during the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the investment management company’s stock valued at $4,808,000 after acquiring an additional 234,011 shares during the period. B. Riley Wealth Advisors Inc. grew its holdings in shares of Gladstone Capital by 66.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company’s stock worth $4,327,000 after purchasing an additional 89,446 shares during the last quarter. Miller Global Investments LLC grew its stake in shares of Gladstone Capital by 200.8% during the 3rd quarter. Miller Global Investments LLC now owns 48,139 shares of the investment management company’s stock valued at $926,000 after buying an additional 32,136 shares during the period. Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital in the third quarter worth $263,000. Finally, Entropy Technologies LP bought a new stake in Gladstone Capital in the first quarter worth approximately $179,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to small and mid-sized businesses in the United States. The company seeks to support established companies by investing in a combination of debt and equity securities.

Its investments may include first- and second-lien secured loans, unsecured and subordinated debt, mezzanine financing, and equity interests. Gladstone Capital generally partners with businesses across a range of industries, providing capital intended to support acquisitions, recapitalizations, growth initiatives, and other corporate financing needs.

Founded in 2001, Gladstone Capital is externally managed by Gladstone Management Corporation, an investment adviser affiliated with the broader Gladstone group of companies.