Analysts Set Gladstone Capital Corporation (NASDAQ:GLAD) Target Price at $22.00

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned a consensus rating of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.6667.

Several analysts recently commented on GLAD shares. Jefferies Financial Group set a $21.00 price objective on Gladstone Capital and gave the stock a “hold” rating in a report on Friday, February 6th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Oppenheimer raised shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and reduced their price target for the company from $26.00 to $22.00 in a research report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a report on Monday, December 29th. Finally, B. Riley Financial upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating and cut their target price for the company from $27.00 to $22.00 in a research report on Wednesday, November 19th.

Gladstone Capital Stock Performance

NASDAQ:GLAD traded up $0.04 during mid-day trading on Thursday, reaching $18.87. The company’s stock had a trading volume of 34,322 shares, compared to its average volume of 190,430. The firm’s fifty day moving average price is $20.61 and its two-hundred day moving average price is $22.02. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.45. The stock has a market cap of $426.27 million, a P/E ratio of 11.91 and a beta of 0.94. Gladstone Capital has a 12-month low of $18.58 and a 12-month high of $29.54.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $24.51 million for the quarter, compared to the consensus estimate of $24.70 million. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. On average, equities analysts forecast that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) annualized dividend and a dividend yield of 9.5%. Gladstone Capital’s dividend payout ratio (DPR) is 113.21%.

Hedge Funds Weigh In On Gladstone Capital

A number of hedge funds have recently modified their holdings of GLAD. Atlantic Union Bankshares Corp purchased a new position in shares of Gladstone Capital in the third quarter valued at about $31,000. CWM LLC purchased a new position in Gladstone Capital in the 2nd quarter worth approximately $32,000. Garner Asset Management Corp bought a new position in shares of Gladstone Capital during the fourth quarter worth $36,000. Steward Partners Investment Advisory LLC purchased a new position in Gladstone Capital during the second quarter valued at $37,000. Finally, WFA of San Diego LLC bought a new position in shares of Gladstone Capital during the 2nd quarter valued at about $42,000. 10.72% of the stock is currently owned by 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.