Gladstone Capital Corporation (NASDAQ:GLAD) Receives $21.67 Average Target Price from Analysts

Gladstone Capital Corporation (NASDAQ:GLAD) has been given a consensus recommendation of “Hold” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $21.6667.

A number of equities research analysts recently commented on the company. Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th.

Gladstone Capital Stock Performance

Shares of GLAD opened at $18.67 on Thursday. The stock has a 50-day moving average of $19.26 and a two-hundred day moving average of $19.02. The stock has a market cap of $421.76 million, a P/E ratio of 10.20 and a beta of 0.92. Gladstone Capital has a one year low of $16.54 and a one year high of $28.33.

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

Gladstone Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, September 21st will be issued a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Capital’s dividend payout ratio (DPR) is 98.36%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG grew its holdings in Gladstone Capital by 37.5% during the third quarter. UBS Group AG now owns 230,218 shares of the investment management company’s stock worth $5,035,000 after acquiring an additional 62,738 shares during the period. Jane Street Group LLC lifted its holdings in Gladstone Capital by 179.0% in the fourth quarter. Jane Street Group LLC now owns 53,425 shares of the investment management company’s stock valued at $1,104,000 after acquiring an additional 34,278 shares during the period. Trexquant Investment LP lifted its holdings in Gladstone Capital by 107.7% in the fourth quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock valued at $1,223,000 after acquiring an additional 30,695 shares during the period. Closed End Fund Advisors Inc. acquired a new position in Gladstone Capital in the fourth quarter valued at approximately $551,000. Finally, Hennion & Walsh Asset Management Inc. purchased a new stake in Gladstone Capital in the 4th quarter worth approximately $551,000. 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.