BidaskClub upgraded shares of Gladstone Capital Corporation (NASDAQ:GLAD) from a sell rating to a hold rating in a report released on Thursday morning.

A number of other brokerages also recently weighed in on GLAD. Zacks Investment Research raised shares of Gladstone Capital Corporation from a hold rating to a buy rating and set a $11.00 target price for the company in a research note on Wednesday, May 31st. Hilliard Lyons raised shares of Gladstone Capital Corporation from an underperform rating to a neutral rating and raised their target price for the company from $8.50 to $9.25 in a research note on Thursday, May 4th. Finally, National Securities reaffirmed a sell rating and set a $8.00 target price on shares of Gladstone Capital Corporation in a research note on Monday, May 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Gladstone Capital Corporation has an average rating of Hold and an average price target of $9.56.

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) traded up 0.51% during mid-day trading on Thursday, reaching $9.92. The company’s stock had a trading volume of 88,263 shares. The company has a 50-day moving average of $9.86 and a 200-day moving average of $9.62. Gladstone Capital Corporation has a 12 month low of $7.33 and a 12 month high of $10.12.

Gladstone Capital Corporation (NASDAQ:GLAD) last announced its earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. The business had revenue of $9.63 million during the quarter, compared to the consensus estimate of $10.30 million. Analysts forecast that Gladstone Capital Corporation will post $0.78 earnings per share for the current year.

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The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be paid a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.47%. The ex-dividend date is Thursday, August 17th. Gladstone Capital Corporation’s dividend payout ratio is 62.22%.

Several institutional investors have recently made changes to their positions in GLAD. UBS Group AG increased its position in shares of Gladstone Capital Corporation by 20.1% in the first quarter. UBS Group AG now owns 612,522 shares of the investment management company’s stock worth $5,813,000 after buying an additional 102,605 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Gladstone Capital Corporation during the second quarter worth $1,946,000. Van ECK Associates Corp increased its position in shares of Gladstone Capital Corporation by 35.8% in the first quarter. Van ECK Associates Corp now owns 195,135 shares of the investment management company’s stock worth $1,852,000 after buying an additional 51,454 shares in the last quarter. Advisors Asset Management Inc. increased its position in shares of Gladstone Capital Corporation by 7.0% in the second quarter. Advisors Asset Management Inc. now owns 171,702 shares of the investment management company’s stock worth $1,688,000 after buying an additional 11,189 shares in the last quarter. Finally, Boston Partners increased its position in shares of Gladstone Capital Corporation by 0.3% in the second quarter. Boston Partners now owns 84,655 shares of the investment management company’s stock worth $832,000 after buying an additional 225 shares in the last quarter. 15.91% of the stock is owned by institutional investors and hedge funds.

About Gladstone Capital Corporation

Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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