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

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned an average recommendation of “Hold” from the six analysts that are covering the company, Marketbeat 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 analysts that have issued a report on the stock in the last year is $21.6667.

Several research firms have recently issued reports on GLAD. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Jefferies Financial Group set a $21.00 price objective on Gladstone Capital and gave the company a “hold” rating in a report on Friday, February 6th. Oppenheimer raised Gladstone Capital from a “market perform” rating to an “outperform” rating and lowered their target price for the stock from $26.00 to $22.00 in a research report on Wednesday, November 19th. Finally, B. Riley Financial raised Gladstone Capital from a “neutral” rating to a “buy” rating and cut their target price for the stock from $27.00 to $22.00 in a report on Wednesday, November 19th.

Institutional Trading of Gladstone Capital

Several institutional investors have recently added to or reduced their stakes in GLAD. CWM LLC acquired a new stake in Gladstone Capital during the 2nd quarter valued at approximately $32,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Gladstone Capital in the 2nd quarter worth approximately $37,000. Atlantic Union Bankshares Corp bought a new stake in shares of Gladstone Capital in the 3rd quarter valued at $31,000. WFA of San Diego LLC bought a new stake in shares of Gladstone Capital in the 2nd quarter valued at $42,000. Finally, First Horizon Advisors Inc. acquired a new stake in shares of Gladstone Capital during the second quarter worth $44,000. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Stock Performance

Gladstone Capital stock opened at $18.15 on Monday. The business has a 50 day moving average of $19.77 and a 200-day moving average of $21.01. The company has a market capitalization of $410.01 million, a P/E ratio of 11.42 and a beta of 0.95. Gladstone Capital has a 1 year low of $17.86 and a 1 year high of $29.50. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The business had revenue of $24.51 million for the quarter, compared to the consensus estimate of $24.70 million. On average, equities research analysts predict that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be given a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Monday, March 23rd. Gladstone Capital’s dividend payout ratio (DPR) is 113.21%.

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.