Gladstone Capital Corporation (NASDAQ:GLAD) Stock Has Consensus Target Price of $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned a consensus recommendation of “Moderate Buy” from the six analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.67.

Several analysts have weighed in on GLAD shares. Weiss Ratings downgraded Gladstone Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, October 14th. ATB Cormark Capital Markets raised Gladstone Capital to a “moderate buy” rating in a research note on Thursday, October 8th.

Gladstone Capital Price Performance

Shares of GLAD stock opened at $19.62 on Friday. The stock has a market capitalization of $443.22 million, a PE ratio of 9.52 and a beta of 0.94. Gladstone Capital has a 1-year low of $16.54 and a 1-year high of $21.73. The business has a 50-day moving average of $19.20 and a 200 day moving average of $19.04.

Gladstone Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a $0.15 dividend. This represents a $1.80 annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Capital’s payout ratio is presently 87.38%.

Institutional Investors Weigh In On Gladstone Capital

Several institutional investors have recently added to or reduced their stakes in GLAD. Advisors Asset Management Inc. purchased a new position in shares of Gladstone Capital in the third quarter valued at about $1,596,000. International Assets Investment Management LLC raised its stake in shares of Gladstone Capital by 1,463.6% during the third quarter. International Assets Investment Management LLC now owns 250,000 shares of the investment management company’s stock valued at $4,808,000 after acquiring an additional 234,011 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in shares of Gladstone Capital during the third quarter valued at about $263,000. B. Riley Wealth Advisors Inc. boosted its holdings in shares of Gladstone Capital by 66.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company’s stock worth $4,327,000 after purchasing an additional 89,446 shares during the period. Finally, Miller Global Investments LLC boosted its holdings in shares of Gladstone Capital by 200.8% during the third quarter. Miller Global Investments LLC now owns 48,139 shares of the investment management company’s stock worth $926,000 after purchasing an additional 32,136 shares during the period. Hedge funds and other institutional investors own 10.72% of the company’s stock.

About Gladstone Capital

Gladstone Capital Corporation is a business development company that provides financing to established small and mid-sized businesses. Its investments include debt and equity, with a focus on supporting companies that may have limited access to traditional financing. The company primarily invests in U.S. businesses through secured loans, subordinated debt and, in some cases, equity investments. Its portfolio spans a range of industries, and its financing may support business growth, acquisitions, recapitalizations and ownership transitions.