Gladstone Capital Corporation (NASDAQ:GLAD) Receives $21.67 Average Target Price from Analysts

Gladstone Capital Corporation (NASDAQ:GLAD) has received an average rating of “Hold” from the six research firms that are covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.6667.

A number of research firms recently commented on GLAD. Weiss Ratings upgraded shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Wall Street Zen raised Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th.

Institutional Trading of Gladstone Capital

A number of institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its stake in shares of Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after buying an additional 456 shares during the period. Focus Partners Wealth bought a new stake in shares of Gladstone Capital in the first quarter worth $220,000. Cetera Investment Advisers raised its stake in shares of Gladstone Capital by 43.0% in the 2nd quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company’s stock valued at $572,000 after purchasing an additional 6,385 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Gladstone Capital during the 2nd quarter worth approximately $46,000. Finally, Quantbot Technologies LP boosted its holdings in Gladstone Capital by 52.7% in the second quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock worth $115,000 after purchasing an additional 1,474 shares during the period. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Price Performance

Shares of GLAD stock opened at $19.41 on Friday. The stock has a market capitalization of $438.47 million, a PE ratio of 10.61 and a beta of 0.92. The business’s 50 day simple moving average is $19.22 and its 200 day simple moving average is $19.14. Gladstone Capital has a one year low of $16.54 and a one year high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $25.99 million during the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. As a group, research analysts expect that Gladstone Capital will post 2.01 earnings per share for the current year.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.36%.

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.