Analysts Set Gladstone Capital Corporation (NASDAQ:GLAD) PT at $21.67

Gladstone Capital Corporation (NASDAQ:GLAD) has been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $21.6667.

Several equities analysts have commented on the stock. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th.

Gladstone Capital Stock Down 0.5%

GLAD stock opened at $19.39 on Wednesday. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $29.50. The firm’s 50-day simple moving average is $18.95 and its 200 day simple moving average is $19.41. The stock has a market cap of $438.02 million, a PE ratio of 10.60 and a beta of 0.92.

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

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 9.3%. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.36%.

Hedge Funds Weigh In On Gladstone Capital

Large investors have recently bought and sold shares of the stock. Garner Asset Management Corp acquired a new position in Gladstone Capital during the 4th quarter valued at about $36,000. WFA of San Diego LLC acquired a new position in Gladstone Capital during the 2nd quarter valued at about $42,000. JPMorgan Chase & Co. acquired a new position in Gladstone Capital during the 2nd quarter valued at about $46,000. Larson Financial Group LLC increased its stake in Gladstone Capital by 380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock valued at $52,000 after buying an additional 1,900 shares during the period. Finally, Advisory Services Network LLC acquired a new position in Gladstone Capital during the 3rd quarter valued at about $74,000. 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.