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

Gladstone Capital Corporation (NASDAQ:GLAD) has been given an average recommendation of “Hold” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.6667.

GLAD has been the subject of several analyst reports. B. Riley Financial reaffirmed a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th.

Gladstone Capital Stock Performance

GLAD stock opened at $19.39 on Wednesday. The company has a fifty day moving average price of $18.95 and a 200-day moving average price of $19.40. The company has a market capitalization of $438.02 million, a P/E ratio of 10.60 and a beta of 0.92. Gladstone Capital has a 52-week low of $16.54 and a 52-week 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, beating the consensus estimate of $0.49 by $0.03. The firm 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%. As a group, sell-side analysts forecast that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a yield of 9.3%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.36%.

Hedge Funds Weigh In On Gladstone Capital

A number of hedge funds have recently bought and sold shares of GLAD. Garner Asset Management Corp bought a new position in Gladstone Capital during the fourth quarter worth $36,000. WFA of San Diego LLC bought a new position in Gladstone Capital during the second quarter worth $42,000. JPMorgan Chase & Co. bought a new position in Gladstone Capital during the second quarter worth $46,000. Larson Financial Group LLC raised its stake in Gladstone Capital by 380.0% during the third quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock worth $52,000 after buying an additional 1,900 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in Gladstone Capital in the third quarter worth $74,000. 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.