Gladstone Capital Corp. Downgraded to “Neutral” at Zacks (GLAD)
Gladstone Capital Corp. (NASDAQ:GLAD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Wednesday, Analyst Ratings News reports. They currently have a $9.80 price objective on the stock. Zacks‘ price objective suggests a potential upside of 13.29% from the company’s current price.
Shares of Gladstone Capital Corp. (NASDAQ:GLAD) traded down 1.93% during mid-day trading on Wednesday, hitting $8.65. The stock had a trading volume of 176,689 shares. Gladstone Capital Corp. has a 52-week low of $7.25 and a 52-week high of $9.46. The stock has a 50-day moving average of $8.74 and a 200-day moving average of $8.61. The company has a market cap of $181.6 million and a price-to-earnings ratio of 20.56.
The company also recently announced a monthly dividend, which is scheduled for Tuesday, December 31st. Shareholders of record on Monday, December 16th will be paid a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a dividend yield of 9.71%. The ex-dividend date is Thursday, December 12th.
Gladstone Capital Corporation operates as a closed-end, non-diversified management investment company.
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