Gladstone Capital (NASDAQ:GLAD) Share Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.23 and traded as high as $19.50. Gladstone Capital shares last traded at $19.45, with a volume of 215,701 shares trading hands.

Analyst Ratings Changes

A number of equities analysts have commented on GLAD shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of Gladstone Capital in a report on Thursday, June 18th. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Finally, B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Gladstone Capital presently has a consensus rating of “Hold” and a consensus price target of $21.67.

Gladstone Capital Price Performance

The stock has a market cap of $445.02 million, a price-to-earnings ratio of 10.77 and a beta of 0.92. The company’s fifty day moving average price is $19.09 and its 200-day moving average price is $19.21.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. On average, sell-side analysts forecast that Gladstone Capital Corporation will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 9.1%. The ex-dividend date of this dividend was Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.36%.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Miller Global Investments LLC acquired a new position in shares of Gladstone Capital in the 2nd quarter valued at $311,000. Sunbelt Securities Inc. acquired a new stake in Gladstone Capital during the first quarter valued at $142,000. Entropy Technologies LP acquired a new stake in Gladstone Capital during the first quarter valued at $179,000. Virtu Financial LLC purchased a new position in Gladstone Capital in the fourth quarter valued at $213,000. Finally, Virtus Investment Advisers LLC raised its position in shares of Gladstone Capital by 60.5% in the fourth quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock worth $587,000 after acquiring an additional 10,703 shares during the period. Institutional investors and hedge funds own 10.72% of the company’s stock.

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.