TheStreet lowered shares of Gladstone Capital (NASDAQ:GLAD) from a b rating to a c+ rating in a research note published on Tuesday morning.

A number of other brokerages have also recently issued reports on GLAD. National Securities reaffirmed a sell rating and set a $8.00 price objective on shares of Gladstone Capital in a research note on Wednesday, November 22nd. Zacks Investment Research raised Gladstone Capital from a sell rating to a hold rating in a research note on Wednesday, December 6th. Finally, Ladenburg Thalmann Financial Services raised Gladstone Capital from a neutral rating to a buy rating in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Gladstone Capital presently has a consensus rating of Hold and a consensus target price of $9.16.

Gladstone Capital (NASDAQ GLAD) opened at $9.01 on Tuesday. Gladstone Capital has a 12 month low of $7.80 and a 12 month high of $10.12. The stock has a market capitalization of $239.96, a PE ratio of 13.45 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a quick ratio of 4.33 and a current ratio of 5.96.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, February 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. The firm had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.72 million. sell-side analysts anticipate that Gladstone Capital will post 0.86 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.84 annualized dividend and a dividend yield of 9.32%. Gladstone Capital’s payout ratio is presently 125.37%.

In other Gladstone Capital news, President Robert L. Marcotte bought 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The shares were bought at an average cost of $9.82 per share, with a total value of $78,560.00. Following the completion of the purchase, the president now directly owns 381,770 shares of the company’s stock, valued at $3,748,981.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Robert L. Marcotte bought 8,200 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of $9.40 per share, for a total transaction of $77,080.00. The disclosure for this purchase can be found here. Insiders purchased 22,334 shares of company stock worth $215,692 over the last three months. 5.89% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. bought a new stake in shares of Gladstone Capital in the second quarter worth about $415,000. GSA Capital Partners LLP grew its stake in shares of Gladstone Capital by 193.0% in the third quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock worth $846,000 after purchasing an additional 58,673 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Gladstone Capital in the second quarter worth about $542,000. Legal & General Group Plc grew its stake in shares of Gladstone Capital by 22.5% in the third quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock worth $717,000 after purchasing an additional 13,875 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in shares of Gladstone Capital by 68.5% in the third quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock worth $414,000 after purchasing an additional 17,709 shares during the last quarter. 14.32% of the stock is currently owned by institutional investors.

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Gladstone Capital 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.

Analyst Recommendations for Gladstone Capital (NASDAQ:GLAD)

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