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

Gladstone Capital Corporation (NASDAQ:GLAD) has earned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $21.6667.

GLAD has been the subject of several research reports. B. Riley Financial reaffirmed a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Jefferies Financial Group set a $21.00 price target on shares of Gladstone Capital and gave the stock a “hold” rating in a research note on Friday, February 6th. Finally, Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th.

Gladstone Capital Stock Down 1.0%

Shares of GLAD opened at $18.95 on Friday. The stock has a market capitalization of $428.08 million, a P/E ratio of 10.36 and a beta of 0.92. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $29.50. The company has a 50 day moving average of $18.42 and a 200-day moving average of $19.43.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. The company had revenue of $25.99 million during the quarter, compared to analysts’ expectations 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 anticipate that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of $0.15 per share. This represents a c) annualized dividend and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.36%.

Institutional Investors Weigh In On Gladstone Capital

Several large investors have recently made changes to their positions in GLAD. Goldman Sachs Group Inc. boosted its holdings in shares of Gladstone Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after buying an additional 456 shares during the last quarter. Focus Partners Wealth acquired a new stake in shares of Gladstone Capital in the 1st quarter valued at approximately $220,000. Cetera Investment Advisers boosted its holdings in shares of Gladstone Capital by 43.0% in the 2nd quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company’s stock valued at $572,000 after buying an additional 6,385 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in shares of Gladstone Capital in the 2nd quarter valued at approximately $46,000. Finally, Quantbot Technologies LP boosted its holdings in shares of 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 buying an additional 1,474 shares during the last quarter. 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.