$0.21 EPS Expected for Gladstone Capital Corporation (GLAD) This Quarter
Brokerages forecast that Gladstone Capital Corporation (NASDAQ:GLAD) will announce $0.21 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital Corporation’s earnings. Gladstone Capital Corporation also reported earnings of $0.21 per share in the same quarter last year. The firm is scheduled to announce its next earnings report on Monday, November 20th.
On average, analysts expect that Gladstone Capital Corporation will report full year earnings of $0.84 per share for the current financial year. For the next year, analysts expect that the business will report earnings of $0.84 per share, with EPS estimates ranging from $0.84 to $0.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Gladstone Capital Corporation.
Gladstone Capital Corporation (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $9.63 million for the quarter, compared to analysts’ expectations of $10.30 million. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%.
A number of equities analysts have recently weighed in on GLAD shares. BidaskClub lowered Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research lowered Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, National Securities reiterated a “sell” rating and set a $8.00 target price on shares of Gladstone Capital Corporation in a research note on Monday, August 7th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $9.56.
Shares of Gladstone Capital Corporation (GLAD) opened at 9.14 on Monday. Gladstone Capital Corporation has a 52-week low of $7.33 and a 52-week high of $10.12. The stock’s 50 day moving average price is $9.54 and its 200-day moving average price is $9.59.
The company also recently announced a monthly dividend, which was paid on Thursday, August 31st. Stockholders of record on Monday, August 21st were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, August 17th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.19%. Gladstone Capital Corporation’s dividend payout ratio (DPR) is currently 62.22%.
In other news, President Robert L. Marcotte bought 4,000 shares of the stock in a transaction dated Thursday, August 31st. The shares were bought at an average price of $9.22 per share, for a total transaction of $36,880.00. Following the completion of the purchase, the president now owns 370,720 shares in the company, valued at $3,418,038.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 6.45% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. HL Financial Services LLC bought a new position in Gladstone Capital Corporation during the 1st quarter worth $106,000. CIBC World Markets Inc. bought a new position in Gladstone Capital Corporation during the 2nd quarter worth $114,000. WFG Advisors LP increased its stake in Gladstone Capital Corporation by 2.6% during the 1st quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after acquiring an additional 327 shares during the period. First Financial Equity Corporation bought a new position in Gladstone Capital Corporation during the 1st quarter worth $135,000. Finally, Eagle Global Advisors LLC bought a new position in Gladstone Capital Corporation during the 1st quarter worth $137,000. Institutional investors own 14.48% of the company’s stock.
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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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