Gladstone Capital (NASDAQ:GLAD) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a research report released on Saturday morning.

A number of other brokerages have also issued reports on GLAD. Zacks Research raised Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Oppenheimer upgraded shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and cut their price objective for the stock from $26.00 to $22.00 in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 15th. Finally, B. Riley raised shares of Gladstone Capital from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $27.00 to $22.00 in a research report on Wednesday, November 19th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $22.00.

Gladstone Capital Stock Performance

Shares of NASDAQ GLAD opened at $20.38 on Friday. The firm has a market cap of $460.38 million, a P/E ratio of 7.96 and a beta of 0.93. Gladstone Capital has a 1 year low of $18.76 and a 1 year high of $30.43. The firm’s 50 day moving average price is $20.15 and its 200 day moving average price is $23.84.

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, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $23.94 million for the quarter, compared to analyst estimates of $22.72 million. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%. As a group, equities analysts predict that Gladstone Capital will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Investors of record on Monday, December 22nd will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date of this dividend is Monday, December 22nd. Gladstone Capital’s dividend payout ratio is 70.31%.

Institutional Investors Weigh In On Gladstone Capital

Several institutional investors have recently bought and sold shares of the business. Good Life Advisors LLC grew its position in Gladstone Capital by 3.7% in the second quarter. Good Life Advisors LLC now owns 11,307 shares of the investment management company’s stock valued at $305,000 after acquiring an additional 403 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Gladstone Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after purchasing an additional 456 shares during the last quarter. Belpointe Asset Management LLC increased its holdings in shares of Gladstone Capital by 13.5% during the second quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock valued at $228,000 after purchasing an additional 1,008 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in Gladstone Capital by 134.2% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,766 shares of the investment management company’s stock worth $48,000 after purchasing an additional 1,012 shares in the last quarter. Finally, CWM LLC lifted its holdings in Gladstone Capital by 89.2% in the 3rd quarter. CWM LLC now owns 2,246 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,059 shares during the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

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.