Gladstone Capital Corporation (NASDAQ:GLAD) Receives Average Recommendation of “Hold” from Brokerages

Gladstone Capital Corporation (NASDAQ:GLAD) has been given an average rating of “Hold” by the six research firms that are covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $21.6667.

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

Gladstone Capital Stock Performance

Gladstone Capital stock opened at $18.90 on Thursday. The firm has a market capitalization of $426.95 million, a PE ratio of 10.33 and a beta of 0.92. Gladstone Capital has a one year low of $16.54 and a one year high of $28.55. The stock’s 50 day moving average price is $19.28 and its 200 day moving average price is $19.04.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The company had revenue of $25.99 million during the quarter, compared to the consensus estimate of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. On average, analysts forecast that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be paid a $0.15 dividend. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a dividend yield of 9.5%. Gladstone Capital’s payout ratio is 98.36%.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds have recently bought and sold shares of GLAD. Closed End Fund Advisors Inc. acquired a new position in shares of Gladstone Capital in the 4th quarter valued at approximately $551,000. UBS Group AG grew its position in shares of Gladstone Capital by 18.0% during the fourth quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock worth $5,613,000 after buying an additional 41,484 shares in the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Gladstone Capital during the second quarter worth approximately $46,000. WFA of San Diego LLC bought a new stake in shares of Gladstone Capital in the second quarter worth $42,000. Finally, Miller Global Investments LLC bought a new stake in shares of Gladstone Capital in the second quarter worth $311,000. Institutional investors and hedge funds 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.