Gladstone Capital Corporation (NASDAQ:GLAD) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $9.16.

GLAD has been the topic of several research analyst reports. National Securities reaffirmed a “sell” rating and issued a $8.00 price objective on shares of Gladstone Capital in a research report on Tuesday, September 26th. Ladenburg Thalmann Financial Services initiated coverage on Gladstone Capital in a research report on Friday, October 6th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, Wedbush initiated coverage on Gladstone Capital in a research report on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 price objective on the stock.

Gladstone Capital (GLAD) opened at $9.57 on Thursday. The firm has a market capitalization of $258.86, a P/E ratio of 11.57 and a beta of 1.21. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.42. Gladstone Capital has a 12-month low of $8.67 and a 12-month high of $10.12.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, November 20th. The investment management company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $10.83 million for the quarter, compared to the consensus estimate of $10.72 million. Gladstone Capital had a return on equity of 9.94% and a net margin of 43.78%. analysts forecast that Gladstone Capital will post 0.86 earnings per share for the current year.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Shareholders of record on Tuesday, December 19th will be given a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.78%. The ex-dividend date is Monday, December 18th. Gladstone Capital’s dividend payout ratio (DPR) is presently 125.37%.

In other news, President Robert L. Marcotte bought 8,000 shares of the stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of $9.82 per share, for a total transaction of $78,560.00. Following the acquisition, the president now owns 381,770 shares of the company’s stock, valued at $3,748,981.40. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Walter H. Wilkinson bought 6,134 shares of the stock in a transaction on Monday, November 27th. The stock was purchased at an average price of $9.79 per share, with a total value of $60,051.86. Following the completion of the acquisition, the director now directly owns 13,517 shares in the company, valued at approximately $132,331.43. The disclosure for this purchase can be found here. Corporate insiders own 6.45% of the company’s stock.

Several hedge funds have recently modified their holdings of the business. Van ECK Associates Corp lifted its holdings in shares of Gladstone Capital by 13.5% in the 2nd quarter. Van ECK Associates Corp now owns 221,397 shares of the investment management company’s stock worth $2,176,000 after buying an additional 26,262 shares during the period. Advisors Asset Management Inc. lifted its stake in shares of Gladstone Capital by 7.0% during the 2nd quarter. Advisors Asset Management Inc. now owns 171,702 shares of the investment management company’s stock worth $1,688,000 after purchasing an additional 11,189 shares during the last quarter. Mckinley Capital Management LLC Delaware purchased a new stake in shares of Gladstone Capital during the 2nd quarter worth $1,200,000. GSA Capital Partners LLP lifted its stake in shares of Gladstone Capital by 193.0% during the 3rd quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock worth $846,000 after purchasing an additional 58,673 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of Gladstone Capital by 9.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 87,117 shares of the investment management company’s stock worth $820,000 after purchasing an additional 7,586 shares during the last quarter. Institutional investors and hedge funds own 14.39% of the company’s stock.

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Gladstone Capital Company Profile

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.

Analyst Recommendations for Gladstone Capital (NASDAQ:GLAD)

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