Gladstone Capital Corporation (NASDAQ:GLAD) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $21.6667.

GLAD has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th.

Gladstone Capital Stock Up 0.3%

NASDAQ:GLAD opened at $19.90 on Monday. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $26.60. The stock has a market capitalization of $449.54 million, a PE ratio of 9.66 and a beta of 0.92. The stock’s 50-day moving average price is $19.43 and its 200-day moving average price is $18.88.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. Sell-side analysts expect that Gladstone Capital will post 1.99 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 9.0%. The ex-dividend date is Monday, September 21st. Gladstone Capital’s dividend payout ratio is 87.38%.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. raised its holdings in shares of Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after acquiring an additional 456 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Gladstone Capital in the first quarter worth approximately $220,000. Cetera Investment Advisers increased its position in shares of Gladstone Capital by 43.0% during the second quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company’s stock worth $572,000 after purchasing an additional 6,385 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of Gladstone Capital during the second quarter worth approximately $46,000. Finally, Quantbot Technologies LP raised its stake in Gladstone Capital by 52.7% in the 2nd quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock valued at $115,000 after purchasing an additional 1,474 shares during the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

About Gladstone Capital

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.