Gladstone Capital Corporation (NASDAQ:GLAD) Receives $22.00 Consensus Price Target from Brokerages

Gladstone Capital Corporation (NASDAQ:GLAD) has earned an average rating of “Hold” from the five research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $22.00.

GLAD has been the subject of several research analyst reports. Oppenheimer raised Gladstone Capital from a “market perform” rating to an “outperform” rating and dropped their price objective for the company from $26.00 to $22.00 in a research note on Wednesday, November 19th. B. Riley raised Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $27.00 to $22.00 in a report on Wednesday, November 19th. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday.

Institutional Trading of Gladstone Capital

A number of hedge funds have recently bought and sold shares of GLAD. Atlantic Union Bankshares Corp purchased a new stake in Gladstone Capital in the third quarter worth approximately $31,000. CWM LLC purchased a new stake in shares of Gladstone Capital in the 2nd quarter valued at $32,000. Steward Partners Investment Advisory LLC purchased a new position in Gladstone Capital in the 2nd quarter worth $37,000. WFA of San Diego LLC bought a new stake in Gladstone Capital in the second quarter worth $42,000. Finally, First Horizon Advisors Inc. bought a new stake in Gladstone Capital in the second quarter worth $44,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Trading Down 0.9%

Shares of NASDAQ:GLAD opened at $20.64 on Wednesday. The company has a 50 day moving average of $20.15 and a 200 day moving average of $23.92. The stock has a market cap of $466.26 million, a P/E ratio of 8.06 and a beta of 0.93. Gladstone Capital has a 12 month low of $18.76 and a 12 month high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Monday, November 17th. The investment management company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm 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, equities analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 8.7%. Gladstone Capital’s payout ratio is 70.31%.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.