Gladstone Capital (NASDAQ:GLAD) Upgraded to “Buy” by BidaskClub

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BidaskClub upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a hold rating to a buy rating in a report released on Thursday, BidAskClub reports.

Other equities research analysts have also issued research reports about the company. TheStreet lowered Gladstone Capital from a b rating to a c rating in a report on Friday, August 23rd. Zacks Investment Research upgraded Gladstone Capital from a sell rating to a hold rating in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $9.33.

NASDAQ:GLAD opened at $9.54 on Thursday. The company has a market capitalization of $280.30 million, a PE ratio of 11.22 and a beta of 1.17. Gladstone Capital has a fifty-two week low of $6.41 and a fifty-two week high of $9.66. The company has a 50 day simple moving average of $9.39 and a two-hundred day simple moving average of $9.32. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Monday, August 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. Gladstone Capital had a return on equity of 10.20% and a net margin of 9.41%. The company had revenue of $12.89 million for the quarter, compared to analysts’ expectations of $12.42 million. Research analysts predict that Gladstone Capital will post 0.84 EPS for the current year.

The business also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Monday, September 16th. Gladstone Capital’s dividend payout ratio (DPR) is 98.82%.

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. purchased a new stake in Gladstone Capital in the 1st quarter valued at $39,000. Prospera Financial Services Inc acquired a new position in shares of Gladstone Capital during the second quarter valued at $87,000. Winslow Evans & Crocker Inc. lifted its stake in shares of Gladstone Capital by 115.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 9,900 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 5,300 shares during the period. Good Life Advisors LLC acquired a new position in shares of Gladstone Capital during the second quarter valued at $115,000. Finally, Wambolt & Associates LLC lifted its stake in shares of Gladstone Capital by 61.5% during the second quarter. Wambolt & Associates LLC now owns 18,603 shares of the investment management company’s stock valued at $174,000 after acquiring an additional 7,085 shares during the period. 13.34% of the stock is currently owned by institutional investors and hedge funds.

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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