Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Tuesday, October 9th, NASDAQ reports. Stockholders of record on Friday, October 19th will be paid a dividend of 0.07 per share by the investment management company on Wednesday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.03%. The ex-dividend date of this dividend is Thursday, October 18th.
Gladstone Capital has a payout ratio of 97.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Gladstone Capital to earn $0.89 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 94.4%.
Shares of NASDAQ GLAD opened at $9.30 on Friday. The company has a market cap of $264.11 million, a PE ratio of 11.07 and a beta of 1.10. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.93 and a current ratio of 2.93. Gladstone Capital has a 1-year low of $7.80 and a 1-year high of $9.92.
Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Tuesday, July 31st. The investment management company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $12.38 million for the quarter, compared to analyst estimates of $11.62 million. Gladstone Capital had a return on equity of 9.84% and a net margin of 75.38%. Equities research analysts predict that Gladstone Capital will post 0.86 earnings per share for the current year.
A number of equities analysts have commented on the company. TheStreet upgraded Gladstone Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, July 10th. Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, July 4th. BidaskClub upgraded Gladstone Capital from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 11th. ValuEngine lowered Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Friday, June 22nd. Finally, National Securities restated a “neutral” rating and set a $8.00 price objective on shares of Gladstone Capital in a research note on Monday, August 6th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $9.50.
Gladstone Capital Company Profile
Gladstone Capital Corporation is a business development company specializing in debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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