Gladstone Capital (NASDAQ:GLAD) released its earnings results on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21, Bloomberg Earnings reports. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. The firm had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.72 million.
Gladstone Capital (NASDAQ:GLAD) traded down $0.07 during trading on Monday, reaching $8.98. The company’s stock had a trading volume of 164,398 shares, compared to its average volume of 174,310. The company has a quick ratio of 5.96, a current ratio of 5.96 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $241.02, a P/E ratio of 9.98 and a beta of 1.10. Gladstone Capital has a 1 year low of $7.80 and a 1 year high of $10.12.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.84 annualized dividend and a dividend yield of 9.35%. Gladstone Capital’s dividend payout ratio is currently 93.33%.
A number of research analysts recently weighed in on the company. National Securities reissued a “sell” rating and set a $8.00 target price on shares of Gladstone Capital in a report on Wednesday, November 22nd. Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a report on Monday, November 27th. Ladenburg Thalmann Financial Services raised Gladstone Capital from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. Finally, TheStreet lowered Gladstone Capital from a “b” rating to a “c+” rating in a report on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $9.16.
In other Gladstone Capital news, President Robert L. Marcotte bought 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was acquired at an average price of $9.82 per share, with a total value of $78,560.00. Following the completion of the purchase, the president now directly owns 381,770 shares of the company’s stock, valued at approximately $3,748,981.40. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Robert L. Marcotte bought 11,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were acquired at an average cost of $9.04 per share, with a total value of $103,056.00. Following the purchase, the president now directly owns 405,517 shares of the company’s stock, valued at $3,665,873.68. The disclosure for this purchase can be found here. Insiders acquired 36,063 shares of company stock valued at $339,855 over the last quarter. Corporate insiders own 5.89% of the company’s stock.
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About Gladstone Capital
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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