Brokerages Set Gladstone Capital Corporation (NASDAQ:GLAD) Price Target at $21.67

Gladstone Capital Corporation (NASDAQ:GLAD) has received an average rating of “Hold” from the five analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $21.6667.

Separately, Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd.

Gladstone Capital Stock Up 0.4%

Shares of GLAD stock opened at $19.36 on Friday. Gladstone Capital has a 12 month low of $16.54 and a 12 month high of $23.25. The firm has a market cap of $437.34 million, a PE ratio of 9.40 and a beta of 0.93. The stock has a 50 day moving average of $19.56 and a 200-day moving average of $19.03.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The business had revenue of $24.50 million for the quarter, compared to analyst estimates of $24.90 million. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. As a group, equities analysts predict that Gladstone Capital will post 1.99 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently declared a special dividend, which was paid on Wednesday, September 16th. Investors of record on Thursday, September 10th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, September 10th. Gladstone Capital’s payout ratio is currently 87.38%.

Institutional Trading of Gladstone Capital

A number of hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. bought a new position in Gladstone Capital in the first quarter worth $142,000. Entropy Technologies LP acquired a new stake in Gladstone Capital during the first quarter worth $179,000. Miller Global Investments LLC bought a new stake in Gladstone Capital in the 2nd quarter valued at $311,000. Closed End Fund Advisors Inc. bought a new stake in Gladstone Capital in the 4th quarter valued at $551,000. Finally, UBS Group AG raised its stake in shares of Gladstone Capital by 18.0% in the 4th quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock valued at $5,613,000 after buying an additional 41,484 shares in the last quarter. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market companies in the United States. The company primarily seeks to support established businesses with debt and equity capital, often working with companies that may have limited access to traditional bank financing.

Its investment activities generally include senior and subordinated secured loans, unsecured debt, and equity investments. Gladstone Capital may provide financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.