Gladstone Capital Co. (NASDAQ:GLAD) CFO Nicole Frances D. Schaltenbrand purchased 1,329 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $9.02 per share, for a total transaction of $11,987.58. Following the purchase, the chief financial officer now directly owns 1,329 shares in the company, valued at approximately $11,987.58. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Gladstone Capital Co. (NASDAQ GLAD) traded down $0.03 during midday trading on Friday, reaching $8.98. The company’s stock had a trading volume of 122,785 shares, compared to its average volume of 172,832. Gladstone Capital Co. has a 12-month low of $7.80 and a 12-month high of $10.12. The firm has a market cap of $239.96, a price-to-earnings ratio of 10.04 and a beta of 1.10. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.96 and a quick ratio of 4.33.
Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. The firm had revenue of $10.86 million during the quarter, compared to analyst estimates of $10.72 million. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. equities research analysts forecast that Gladstone Capital Co. will post 0.86 EPS for the current fiscal year.
GLAD has been the subject of a number of research reports. National Securities restated a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital in a research report on Wednesday, November 22nd. Ladenburg Thalmann Financial Services upgraded Gladstone Capital from a “neutral” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Finally, TheStreet lowered Gladstone Capital from a “b” rating to a “c+” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Gladstone Capital presently has a consensus rating of “Hold” and an average target price of $9.16.
Several institutional investors have recently made changes to their positions in GLAD. OxFORD Asset Management LLP acquired a new stake in shares of Gladstone Capital during the 3rd quarter valued at about $151,000. D.A. Davidson & CO. lifted its holdings in shares of Gladstone Capital by 142.9% during the 3rd quarter. D.A. Davidson & CO. now owns 22,271 shares of the investment management company’s stock valued at $211,000 after buying an additional 13,104 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in shares of Gladstone Capital during the 2nd quarter valued at about $299,000. Janney Montgomery Scott LLC lifted its holdings in shares of 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 valued at $414,000 after buying an additional 17,709 shares during the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Gladstone Capital during the 2nd quarter valued at about $415,000. Institutional investors and hedge funds own 14.32% 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.
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