Gladstone Capital Corporation (GLAD) Now Covered by Analysts at Ladenburg Thalmann Financial Services
Analysts at Ladenburg Thalmann Financial Services assumed coverage on shares of Gladstone Capital Corporation (NASDAQ:GLAD) in a report issued on Friday. The firm set a “neutral” rating on the investment management company’s stock.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. Zacks Investment Research lowered shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Wedbush started coverage on shares of Gladstone Capital Corporation in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 price objective on the stock. Finally, National Securities reiterated a “sell” rating and issued a $8.00 price objective on shares of Gladstone Capital Corporation in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $9.16.
Shares of Gladstone Capital Corporation (NASDAQ GLAD) traded up 0.10% during midday trading on Friday, reaching $9.55. 15,730 shares of the company traded hands. Gladstone Capital Corporation has a 1-year low of $7.33 and a 1-year high of $10.12. The company has a 50 day moving average price of $9.27 and a 200 day moving average price of $9.63.
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 for the quarter, hitting the Zacks’ consensus estimate of $0.21. The firm had revenue of $9.63 million for the quarter, compared to analyst estimates of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. Analysts expect that Gladstone Capital Corporation will post $0.78 EPS for the current fiscal year.
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In other Gladstone Capital Corporation news, President Robert L. Marcotte acquired 4,000 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were purchased 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 directly owns 370,720 shares of the company’s stock, valued at $3,418,038.40. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 6.45% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. CIBC World Markets Inc. purchased a new stake in Gladstone Capital Corporation during the second quarter worth $114,000. Eagle Global Advisors LLC boosted its holdings in Gladstone Capital Corporation by 2.8% during the second quarter. Eagle Global Advisors LLC now owns 14,880 shares of the investment management company’s stock worth $146,000 after buying an additional 400 shares in the last quarter. First Financial Equity Corporation purchased a new stake in Gladstone Capital Corporation during the first quarter worth $135,000. Financial Counselors Inc. purchased a new stake in Gladstone Capital Corporation during the second quarter worth $162,000. Finally, HL Financial Services LLC boosted its holdings in Gladstone Capital Corporation by 71.6% during the second quarter. HL Financial Services LLC now owns 19,176 shares of the investment management company’s stock worth $189,000 after buying an additional 8,000 shares in the last quarter. 14.42% of the stock is currently owned by hedge funds and other institutional investors.
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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