Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been assigned an average rating of “Hold” from the six ratings firms that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $9.08.

GLAD has been the topic of several research reports. Zacks Investment Research upgraded Gladstone Capital Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research report on Tuesday, May 9th. BidaskClub lowered Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, National Securities restated a “sell” rating and set a $8.00 price target on shares of Gladstone Capital Corporation in a research report on Monday, August 7th.

Gladstone Capital Corporation (NASDAQ:GLAD) opened at 9.21 on Tuesday. The firm’s 50 day moving average price is $9.63 and its 200-day moving average price is $9.59. 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 released its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%. The company had revenue of $9.63 million for the quarter, compared to analyst estimates of $10.30 million. Analysts forecast that Gladstone Capital Corporation will post $0.78 EPS for the current year.

The firm also recently declared a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a dividend yield of 9.12%. The ex-dividend date of this dividend was Thursday, August 17th. Gladstone Capital Corporation’s dividend payout ratio is currently 62.22%.

In other Gladstone Capital Corporation news, President Robert L. Marcotte purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was purchased at an average price of $9.22 per share, for a total transaction of $36,880.00. Following the completion of the purchase, the president now directly owns 370,720 shares of the company’s stock, valued at $3,418,038.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 6.45% of the stock is owned by insiders.

Several hedge funds have recently bought and sold shares of GLAD. HL Financial Services LLC purchased a new position in shares of Gladstone Capital Corporation in the first quarter worth $106,000. CIBC World Markets Inc. purchased a new position in shares of Gladstone Capital Corporation in the second quarter worth $114,000. WFG Advisors LP raised its stake in shares of Gladstone Capital Corporation by 2.6% in the first quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after purchasing an additional 327 shares during the last quarter. First Financial Equity Corporation purchased a new position in shares of Gladstone Capital Corporation in the first quarter worth $135,000. Finally, Eagle Global Advisors LLC purchased a new position in shares of Gladstone Capital Corporation in the first quarter worth $137,000. Hedge funds and other institutional investors own 14.48% of the company’s stock.

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Gladstone Capital Corporation Company Profile

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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