Equities research analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to report sales of $10.72 million for the current quarter, according to Zacks. Two analysts have provided estimates for Gladstone Capital’s earnings, with the highest sales estimate coming in at $11.27 million and the lowest estimate coming in at $10.17 million. Gladstone Capital posted sales of $9.97 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.5%. The firm is scheduled to report its next earnings report on Wednesday, February 14th.
According to Zacks, analysts expect that Gladstone Capital will report full year sales of $10.72 million for the current fiscal year, with estimates ranging from $42.39 million to $46.54 million. For the next financial year, analysts forecast that the business will report sales of $46.80 million per share. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Monday, November 20th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a return on equity of 9.94% and a net margin of 43.78%. The firm had revenue of $10.83 million during the quarter, compared to the consensus estimate of $10.72 million.
Shares of Gladstone Capital (NASDAQ GLAD) traded down $0.09 during trading on Friday, hitting $9.40. The company had a trading volume of 89,000 shares, compared to its average volume of 142,808. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.33 and a quick ratio of 4.33. Gladstone Capital has a 1 year low of $8.67 and a 1 year high of $10.12. The firm has a market cap of $247.68, a P/E ratio of 14.03 and a beta of 1.23.
The company also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.94%. Gladstone Capital’s payout ratio is 125.37%.
In other Gladstone Capital news, President Robert L. Marcotte purchased 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The stock was purchased at an average cost of $9.82 per share, with a total value of $78,560.00. Following the transaction, the president now owns 381,770 shares in the company, valued at $3,748,981.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Robert L. Marcotte purchased 8,200 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were acquired at an average cost of $9.40 per share, with a total value of $77,080.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 22,334 shares of company stock valued at $215,692. Insiders own 5.89% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can boosted its position in Gladstone Capital by 15.6% during the 4th quarter. Bank of Montreal Can now owns 245,000 shares of the investment management company’s stock worth $2,256,000 after purchasing an additional 33,000 shares during the period. GSA Capital Partners LLP boosted its position in 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 period. Janney Montgomery Scott LLC boosted its position in Gladstone Capital by 68.5% during the 3rd quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock worth $414,000 after purchasing an additional 17,709 shares during the period. OxFORD Asset Management LLP purchased a new stake in Gladstone Capital during the 3rd quarter worth $151,000. Finally, JPMorgan Chase & Co. boosted its position in 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 period. 14.34% of the stock is owned by hedge funds and other institutional investors.
About Gladstone Capital
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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