Gladstone Capital (NASDAQ:GLAD) Upgraded at Zacks Research

Gladstone Capital (NASDAQ:GLAD) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a report on Monday. Wall Street Zen downgraded Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and decreased their target price for the stock from $26.00 to $22.00 in a report on Wednesday, November 19th. Finally, B. Riley upgraded Gladstone Capital from a “neutral” rating to a “buy” rating and decreased their price target for the company from $27.00 to $22.00 in a research report on Wednesday, November 19th. Two investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Gladstone Capital Stock Up 0.8%

Shares of GLAD stock opened at $21.41 on Monday. The stock has a 50-day simple moving average of $20.09 and a 200 day simple moving average of $24.19. The stock has a market capitalization of $483.65 million, a P/E ratio of 8.36 and a beta of 0.93. Gladstone Capital has a fifty-two week low of $18.76 and a fifty-two week high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Monday, November 17th. The investment management company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $23.94 million during the quarter, compared to the consensus estimate of $22.72 million. Gladstone Capital had a net margin of 64.36% and a return on equity of 9.48%. On average, sell-side analysts anticipate that Gladstone Capital will post 2.03 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Good Life Advisors LLC lifted its holdings in Gladstone Capital by 3.7% in the 2nd quarter. Good Life Advisors LLC now owns 11,307 shares of the investment management company’s stock worth $305,000 after purchasing an additional 403 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after acquiring an additional 456 shares during the period. Cetera Investment Advisers grew its position in shares of Gladstone Capital by 3.7% in the first quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock valued at $407,000 after purchasing an additional 534 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of Gladstone Capital by 13.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock worth $228,000 after purchasing an additional 1,008 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Gladstone Capital by 134.2% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,766 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 1,012 shares during the period. Institutional investors and hedge funds own 10.72% of the company’s stock.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.