Gladstone Capital Corporation (GLAD) Receives Consensus Rating of “Hold” from Analysts
Gladstone Capital Corporation (NASDAQ:GLAD) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.08.
GLAD has been the subject of several recent analyst reports. National Securities restated a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital Corporation in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Gladstone Capital Corporation from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Tuesday, May 9th. Hilliard Lyons upgraded shares of Gladstone Capital Corporation from an “underperform” rating to a “neutral” rating and upped their price target for the company from $8.50 to $9.25 in a research report on Thursday, May 4th. Finally, BidaskClub downgraded shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th.
Several institutional investors have recently bought and sold shares of GLAD. HL Financial Services LLC bought a new position in Gladstone Capital Corporation during the first quarter worth $106,000. CIBC World Markets Inc. bought a new position in Gladstone Capital Corporation during the second quarter worth $114,000. WFG Advisors LP boosted its position in Gladstone Capital Corporation by 2.6% in the first quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after buying an additional 327 shares during the period. First Financial Equity Corporation bought a new position in Gladstone Capital Corporation during the first quarter worth $135,000. Finally, Eagle Global Advisors LLC bought a new position in Gladstone Capital Corporation during the first quarter worth $137,000. 15.94% of the stock is currently owned by institutional investors and hedge funds.
Gladstone Capital Corporation (NASDAQ:GLAD) opened at 9.77 on Friday. Gladstone Capital Corporation has a 12-month low of $7.33 and a 12-month high of $10.12. The firm has a 50 day moving average of $9.86 and a 200-day moving average of $9.63.
Gladstone Capital Corporation (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.21 EPS for the quarter, hitting the consensus estimate of $0.21. The company had revenue of $9.63 million during the quarter, compared to analysts’ expectations of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. Equities analysts predict that Gladstone Capital Corporation will post $0.78 earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.84 dividend on an annualized basis and a yield of 8.60%. Gladstone Capital Corporation’s payout ratio is currently 62.22%.
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About Gladstone Capital Corporation
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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