Zacks Investment Research upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a report published on Thursday morning, Zacks.com reports.

According to Zacks, “Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies. The Company target small and medium sized private businesses that meet some or all of our criteria, including the potential for growth, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on cash flow, substantial ownership by a buyout fund or a venture capital fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. “

Several other equities analysts have also commented on the company. National Securities started coverage on Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Friday, May 3rd. They set a buy rating and a $13.00 price target on the stock. BidaskClub lowered Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. TheStreet upgraded Marvell Technology Group from a c+ rating to a b- rating in a research note on Wednesday, July 3rd. Finally, Wedbush set a $20.00 target price on Ares Capital and gave the company a buy rating in a research note on Tuesday, May 14th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of Hold and an average price target of $9.33.

Shares of Gladstone Capital stock opened at $9.51 on Thursday. The stock has a market capitalization of $279.13 million, a price-to-earnings ratio of 11.19 and a beta of 1.21. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.11 and a current ratio of 0.11. Gladstone Capital has a 12 month low of $6.41 and a 12 month high of $9.87. The company’s fifty day moving average price is $9.31.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $12.52 million for the quarter, compared to analysts’ expectations of $12.60 million. Gladstone Capital had a net margin of 16.24% and a return on equity of 10.12%. As a group, research analysts forecast that Gladstone Capital will post 0.84 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Investors of record on Monday, July 22nd will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date is Friday, July 19th. Gladstone Capital’s dividend payout ratio (DPR) is 98.82%.

Several institutional investors have recently added to or reduced their stakes in the stock. Global Strategic Management Inc. acquired a new position in Gladstone Capital in the fourth quarter valued at approximately $690,000. Shulman DeMeo Asset Management LLC purchased a new stake in shares of Gladstone Capital in the first quarter valued at approximately $619,000. Legal & General Group Plc increased its position in shares of Gladstone Capital by 28.4% in the fourth quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock valued at $950,000 after buying an additional 28,616 shares in the last quarter. LPL Financial LLC increased its position in shares of Gladstone Capital by 24.9% in the fourth quarter. LPL Financial LLC now owns 121,657 shares of the investment management company’s stock valued at $888,000 after buying an additional 24,250 shares in the last quarter. Finally, Wambolt & Associates LLC purchased a new stake in shares of Gladstone Capital in the first quarter valued at approximately $106,000. 11.81% of the stock is owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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