Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on March 23rd

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, January 13th. Investors of record on Monday, March 23rd will be given a dividend of 0.15 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date is Monday, March 23rd.

Gladstone Capital has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 4 years. Gladstone Capital has a dividend payout ratio of 89.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 88.7%.

Gladstone Capital Stock Up 2.1%

Shares of NASDAQ GLAD opened at $21.15 on Thursday. The business’s 50 day moving average is $20.55 and its two-hundred day moving average is $23.14. Gladstone Capital has a 52-week low of $18.76 and a 52-week high of $30.43. The firm has a market cap of $477.78 million, a price-to-earnings ratio of 8.26 and a beta of 0.93.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Monday, November 17th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%.The firm had revenue of $23.94 million for the quarter, compared to the consensus estimate of $22.72 million. Analysts anticipate that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on GLAD. Oppenheimer raised shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $26.00 to $22.00 in a research note on Wednesday, November 19th. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, B. Riley upgraded Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price target for the stock from $27.00 to $22.00 in a report on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Gladstone Capital presently has an average rating of “Hold” and an average target price of $22.00.

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.