Gladstone Capital (NASDAQ:GLAD) Rating Lowered to Buy at BidaskClub

Gladstone Capital (NASDAQ:GLAD) was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued on Wednesday, BidAskClub reports.

Other analysts have also issued reports about the company. TheStreet upgraded Gladstone Capital from a “c” rating to a “b” rating in a research report on Friday, December 6th. Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Gladstone Capital has an average rating of “Hold” and a consensus target price of $8.50.

Shares of Gladstone Capital stock traded down $0.02 during trading on Wednesday, reaching $10.44. The company’s stock had a trading volume of 55,328 shares, compared to its average volume of 159,411. The stock has a 50-day moving average price of $10.20 and a two-hundred day moving average price of $9.62. The company has a current ratio of 0.36, a quick ratio of 0.36 and a debt-to-equity ratio of 0.27. Gladstone Capital has a one year low of $6.41 and a one year high of $10.69. The stock has a market capitalization of $314.69 million, a P/E ratio of 12.43 and a beta of 1.15.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, November 13th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a net margin of 39.71% and a return on equity of 10.26%. The business had revenue of $12.72 million during the quarter, compared to the consensus estimate of $12.66 million. As a group, sell-side analysts anticipate that Gladstone Capital will post 0.84 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Marshall Wace North America L.P. acquired a new stake in Gladstone Capital in the first quarter worth about $39,000. TCI Wealth Advisors Inc. grew its position in shares of Gladstone Capital by 58.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,681 shares of the investment management company’s stock worth $55,000 after buying an additional 2,096 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Gladstone Capital during the 2nd quarter worth about $87,000. Winslow Evans & Crocker Inc. grew its position in shares of Gladstone Capital by 17.2% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 11,600 shares of the investment management company’s stock worth $114,000 after buying an additional 1,700 shares during the period. Finally, Good Life Advisors LLC acquired a new position in shares of Gladstone Capital during the 2nd quarter worth about $115,000. Hedge funds and other institutional investors own 12.46% 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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