GLAD has been the subject of a number of other research reports. National Securities reissued a sell rating and issued a $7.00 price objective on shares of Gladstone Capital in a research report on Friday, May 3rd. Zacks Investment Research raised Gladstone Capital from a sell rating to a hold rating in a research report on Thursday, July 11th. TheStreet raised Gladstone Capital from a c rating to a b rating in a research report on Wednesday, July 3rd. Finally, Wedbush set a $10.00 price objective on Gladstone Capital and gave the stock a hold rating in a research report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Gladstone Capital presently has an average rating of Hold and a consensus price target of $9.33.
Gladstone Capital stock opened at $9.21 on Friday. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.11 and a quick ratio of 0.11. The firm has a market cap of $276.19 million, a PE ratio of 11.07 and a beta of 1.18. Gladstone Capital has a 1-year low of $6.41 and a 1-year high of $9.87. The stock has a fifty day simple moving average of $9.41.
The company also recently declared a dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, August 19th. Gladstone Capital’s dividend payout ratio is currently 98.82%.
Institutional investors and hedge funds have recently modified their holdings of the business. Novare Capital Management LLC lifted its position in Gladstone Capital by 9.8% during the 1st quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock worth $1,130,000 after acquiring an additional 11,225 shares during the period. Boston Partners lifted its position in Gladstone Capital by 3.5% during the 1st quarter. Boston Partners now owns 68,451 shares of the investment management company’s stock worth $617,000 after acquiring an additional 2,313 shares during the period. Shulman DeMeo Asset Management LLC acquired a new stake in Gladstone Capital during the 1st quarter worth about $619,000. Wambolt & Associates LLC acquired a new stake in Gladstone Capital during the 1st quarter worth about $106,000. Finally, Legal & General Group Plc lifted its position in Gladstone Capital by 28.4% during the 4th quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock worth $950,000 after acquiring an additional 28,616 shares during the period. 11.75% of the stock is owned by institutional investors.
Gladstone Capital Company Profile
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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