Gladstone Capital (NASDAQ:GLAD) Issues Quarterly Earnings Results

Gladstone Capital (NASDAQ:GLAD) issued its earnings results on Wednesday. The investment management company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03, Zacks reports. The business had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. Gladstone Capital had a return on equity of 9.81% and a net margin of 45.15%.

Gladstone Capital Price Performance

GLAD traded up $0.05 during midday trading on Friday, reaching $20.04. 101,149 shares of the company’s stock were exchanged, compared to its average volume of 215,034. Gladstone Capital has a 1-year low of $16.54 and a 1-year high of $29.50. The stock has a market capitalization of $452.59 million, a PE ratio of 10.95 and a beta of 0.92. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05. The business’s 50-day moving average price is $18.21 and its 200 day moving average price is $19.45.

Gladstone Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, June 23rd. This represents a c) dividend on an annualized basis and a yield of 9.0%. Gladstone Capital’s payout ratio is presently 113.21%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GLAD. Wall Street Zen raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a report on Friday. Finally, Jefferies Financial Group set a $21.00 price objective on shares of Gladstone Capital and gave the company a “hold” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $21.67.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds have recently bought and sold shares of GLAD. Virtu Financial LLC purchased a new stake in shares of Gladstone Capital in the fourth quarter valued at $213,000. Virtus Investment Advisers LLC raised its stake in Gladstone Capital by 60.5% in the 4th quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock valued at $587,000 after purchasing an additional 10,703 shares during the last quarter. Tudor Investment Corp ET AL acquired a new stake in shares of Gladstone Capital during the 4th quarter worth about $423,000. Quadrature Capital Ltd boosted its stake in shares of Gladstone Capital by 45.9% during the 4th quarter. Quadrature Capital Ltd now owns 36,791 shares of the investment management company’s stock worth $760,000 after purchasing an additional 11,580 shares during the last quarter. Finally, Trexquant Investment LP grew its holdings in shares of Gladstone Capital by 107.7% during the fourth quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock worth $1,223,000 after buying an additional 30,695 shares in the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

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.