Gladstone Capital Corporation (NASDAQ:GLAD) Receives Average Recommendation of “Hold” from Brokerages

Gladstone Capital Corporation (NASDAQ:GLAD) has received a consensus rating of “Hold” from the five analysts that are covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $22.00.

A number of equities analysts have issued reports on the company. Wall Street Zen cut Gladstone Capital from a “hold” rating to a “sell” rating in a report on Saturday, November 22nd. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and reduced their price target for the stock from $26.00 to $22.00 in a report on Wednesday, November 19th. Zacks Research upgraded shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a report on Monday. Finally, B. Riley upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating and decreased their price target for the company from $27.00 to $22.00 in a research report on Wednesday, November 19th.

Institutional Investors Weigh In On Gladstone Capital

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Investment Advisers lifted its stake in shares of Gladstone Capital by 3.7% in the first quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock worth $407,000 after acquiring an additional 534 shares during the period. Quantbot Technologies LP bought a new position in Gladstone Capital during the 1st quarter worth approximately $77,000. Compound Planning Inc. lifted its position in shares of Gladstone Capital by 14.6% in the 1st quarter. Compound Planning Inc. now owns 20,537 shares of the investment management company’s stock worth $564,000 after purchasing an additional 2,620 shares during the period. Advisors Asset Management Inc. boosted its stake in shares of Gladstone Capital by 8.0% in the 1st quarter. Advisors Asset Management Inc. now owns 85,652 shares of the investment management company’s stock valued at $2,352,000 after purchasing an additional 6,321 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Gladstone Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after purchasing an additional 456 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Price Performance

GLAD stock opened at $21.08 on Wednesday. Gladstone Capital has a 1 year low of $18.76 and a 1 year high of $30.43. The stock has a market cap of $476.20 million, a price-to-earnings ratio of 8.23 and a beta of 0.93. The company has a 50 day simple moving average of $20.09 and a 200 day simple moving average of $24.00.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Monday, November 17th. The investment management company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Gladstone Capital had a net margin of 64.36% and a return on equity of 9.48%. The firm had revenue of $23.94 million for the quarter, compared to analysts’ expectations of $22.72 million. On average, equities research analysts anticipate that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) annualized dividend and a yield of 8.5%. Gladstone Capital’s payout ratio is presently 70.31%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.