Other equities research analysts have also issued research reports about the company. Zacks Investment Research raised Gladstone Capital from a sell rating to a hold rating in a research note on Thursday, July 11th. Wedbush set a $10.00 price target on Gladstone Capital and gave the stock a hold rating in a report on Tuesday, May 14th. Finally, TheStreet downgraded Gladstone Capital from a b rating to a c rating in a research note on Friday, August 23rd. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $9.33.
Shares of NASDAQ GLAD opened at $9.50 on Friday. The stock has a market capitalization of $278.83 million, a price-to-earnings ratio of 11.18 and a beta of 1.17. Gladstone Capital has a 52 week low of $6.41 and a 52 week high of $9.87. The firm has a 50-day moving average price of $9.38 and a 200 day moving average price of $9.31. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.24.
Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Monday, August 5th. The investment management company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. Gladstone Capital had a net margin of 9.41% and a return on equity of 10.20%. The company had revenue of $12.89 million for the quarter, compared to analyst estimates of $12.42 million. Equities research analysts expect that Gladstone Capital will post 0.84 EPS for the current fiscal year.
The company also recently declared a dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, September 16th. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.82%.
Institutional investors have recently added to or reduced their stakes in the stock. Summit Global Investments lifted its stake in Gladstone Capital by 1.5% in the 2nd quarter. Summit Global Investments now owns 74,682 shares of the investment management company’s stock valued at $701,000 after buying an additional 1,100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of Gladstone Capital by 2.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 59,875 shares of the investment management company’s stock worth $562,000 after acquiring an additional 1,176 shares during the last quarter. Boston Partners raised its holdings in shares of Gladstone Capital by 3.5% in the first quarter. Boston Partners now owns 68,451 shares of the investment management company’s stock worth $617,000 after acquiring an additional 2,313 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in shares of Gladstone Capital in the first quarter valued at $39,000. Finally, Novare Capital Management LLC lifted its position in shares of Gladstone Capital by 3.5% in the second quarter. Novare Capital Management LLC now owns 129,715 shares of the investment management company’s stock valued at $1,217,000 after acquiring an additional 4,340 shares in the last quarter. Institutional investors and hedge funds own 13.40% of the company’s stock.
Gladstone Capital Company Profile
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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