Gladstone Capital Corporation (NASDAQ:GLAD) Receives $22.00 Average Price Target from Brokerages

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned an average rating of “Hold” from the five research firms that are currently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $22.00.

Several research firms have issued reports on GLAD. B. Riley upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price target for the company from $27.00 to $22.00 in a research report on Wednesday, November 19th. Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and lowered their price objective for the company from $26.00 to $22.00 in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Atlantic Union Bankshares Corp purchased a new stake in Gladstone Capital in the 3rd quarter worth approximately $31,000. CWM LLC bought a new position in shares of Gladstone Capital during the second quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC purchased a new stake in Gladstone Capital in the second quarter worth $37,000. WFA of San Diego LLC bought a new stake in Gladstone Capital in the second quarter valued at $42,000. Finally, First Horizon Advisors Inc. bought a new stake in Gladstone Capital in the second quarter valued at $44,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Price Performance

Shares of GLAD opened at $21.23 on Friday. Gladstone Capital has a 1 year low of $18.76 and a 1 year high of $30.43. The stock has a 50 day simple moving average of $20.59 and a two-hundred day simple moving average of $23.12. The firm has a market cap of $479.59 million, a P/E ratio of 8.29 and a beta of 0.93.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, November 17th. The investment management company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Gladstone Capital had a net margin of 64.36% and a return on equity of 9.48%. The firm had revenue of $23.94 million during the quarter, compared to analyst estimates of $22.72 million. On average, equities analysts anticipate that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 8.5%. The ex-dividend date of this dividend is Monday, March 23rd. Gladstone Capital’s dividend payout ratio is 70.31%.

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.