Equities research analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to announce sales of $12.42 million for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Gladstone Capital’s earnings, with the lowest sales estimate coming in at $11.88 million and the highest estimate coming in at $12.97 million. Gladstone Capital reported sales of $12.38 million during the same quarter last year, which indicates a positive year over year growth rate of 0.3%. The firm is scheduled to report its next quarterly earnings results on Tuesday, July 30th.
On average, analysts expect that Gladstone Capital will report full year sales of $49.83 million for the current year, with estimates ranging from $48.52 million to $51.15 million. For the next year, analysts forecast that the firm will post sales of $54.94 million, with estimates ranging from $51.31 million to $58.56 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The company had revenue of $12.52 million for the quarter, compared to analysts’ expectations of $12.60 million. Gladstone Capital had a net margin of 16.24% and a return on equity of 10.12%.
GLAD has been the topic of several analyst reports. BidaskClub upgraded Gladstone Capital from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Wedbush set a $10.00 target price on Gladstone Capital and gave the company a “hold” rating in a report on Tuesday, May 14th. Zacks Investment Research upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Monday, January 21st. Finally, National Securities reiterated a “sell” rating and set a $7.00 target price on shares of Gladstone Capital in a report on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $9.33.
A number of hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in Gladstone Capital by 24.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 58,699 shares of the investment management company’s stock worth $529,000 after purchasing an additional 11,506 shares during the last quarter. Morgan Stanley increased its holdings in Gladstone Capital by 1.7% during the 1st quarter. Morgan Stanley now owns 141,504 shares of the investment management company’s stock worth $1,275,000 after purchasing an additional 2,333 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Gladstone Capital during the 1st quarter worth approximately $39,000. Koshinski Asset Management Inc. increased its holdings in Gladstone Capital by 6.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 24,544 shares of the investment management company’s stock worth $221,000 after purchasing an additional 1,584 shares during the last quarter. Finally, Novare Capital Management LLC increased its holdings in Gladstone Capital by 9.8% during the 1st quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock worth $1,130,000 after purchasing an additional 11,225 shares during the last quarter. Institutional investors own 11.59% of the company’s stock.
Shares of NASDAQ:GLAD traded up $0.03 during mid-day trading on Thursday, hitting $9.43. 103,651 shares of the company traded hands, compared to its average volume of 119,248. The company has a market cap of $276.78 million, a P/E ratio of 11.09 and a beta of 1.28. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.11 and a current ratio of 0.11. Gladstone Capital has a 52-week low of $6.41 and a 52-week high of $9.87.
The firm also recently disclosed a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date is Tuesday, May 21st. This represents a $0.84 annualized dividend and a yield of 8.91%. Gladstone Capital’s dividend payout ratio is presently 98.82%.
About Gladstone Capital
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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