Brokerages Set Gladstone Capital Corporation (NASDAQ:GLAD) Target Price at $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been assigned an average rating of “Hold” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.6667.

A number of equities analysts have recently commented on the stock. Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th.

Gladstone Capital Stock Down 0.5%

Shares of NASDAQ:GLAD opened at $19.74 on Monday. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $26.60. The firm’s 50 day moving average price is $19.39 and its 200 day moving average price is $18.87. The stock has a market cap of $445.93 million, a price-to-earnings ratio of 9.58 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%.The business had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. On average, equities analysts anticipate that Gladstone Capital will post 1.99 EPS for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 9.1%. The ex-dividend date is Monday, September 21st. Gladstone Capital’s dividend payout ratio (DPR) is currently 87.38%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in GLAD. Goldman Sachs Group Inc. increased its position in 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 worth $792,000 after acquiring an additional 456 shares during the period. Marshall Wace LLP increased its position in shares of Gladstone Capital by 1.0% during the fourth quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock valued at $2,279,000 after purchasing an additional 1,041 shares during the period. Ausdal Financial Partners Inc. raised its stake in shares of Gladstone Capital by 4.3% in the fourth quarter. Ausdal Financial Partners Inc. now owns 29,896 shares of the investment management company’s stock valued at $618,000 after purchasing an additional 1,222 shares in the last quarter. Quantbot Technologies LP raised its stake in shares of Gladstone Capital by 52.7% in the 2nd quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock valued at $115,000 after buying an additional 1,474 shares in the last quarter. Finally, WFA of San Diego LLC bought a new position in Gladstone Capital during the second quarter worth about $42,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.