Gladstone Capital Corporation Announces Oct 17 Dividend of $0.07 (GLAD)
Gladstone Capital Corporation (NASDAQ:GLAD) announced a oct 17 dividend on Tuesday, October 10th, RTT News reports. Shareholders of record on Friday, October 20th will be paid a dividend of 0.07 per share by the investment management company on Tuesday, October 31st.
Shares of Gladstone Capital Corporation (NASDAQ:GLAD) traded up 0.21% during mid-day trading on Tuesday, reaching $9.57. 90,459 shares of the company’s stock traded hands. The firm has a 50-day moving average of $9.27 and a 200 day moving average of $9.64. 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 issued its earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The firm had revenue of $9.63 million during the quarter, compared to analyst estimates of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. On average, analysts anticipate that Gladstone Capital Corporation will post $0.80 earnings per share for the current fiscal year.
In other Gladstone Capital Corporation news, President Robert L. Marcotte bought 4,000 shares of the business’s stock in a transaction on 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 transaction, 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 filing with the SEC, which is accessible through this link. 6.45% of the stock is owned by company insiders.
GLAD has been the subject of a number of research reports. BidaskClub lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Ladenburg Thalmann Financial Services initiated coverage on shares of Gladstone Capital Corporation in a research report on Friday. They set a “neutral” rating for the company. Wedbush initiated coverage on shares of Gladstone Capital Corporation in a research report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 target price for the company. Finally, National Securities reiterated a “sell” rating and set a $8.00 target price on shares of Gladstone Capital Corporation in a research report on Tuesday, September 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $9.16.
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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