Gladstone Capital (NASDAQ:GLAD) Upgraded at Wall Street Zen

Gladstone Capital (NASDAQ:GLAD) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other equities analysts also recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday. B. Riley raised shares of Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $27.00 to $22.00 in a report on Wednesday, November 19th. Oppenheimer raised Gladstone Capital from a “market perform” rating to an “outperform” rating and dropped their target price for the company from $26.00 to $22.00 in a report on Wednesday, November 19th. Finally, Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Gladstone Capital has an average rating of “Hold” and a consensus target price of $22.00.

Gladstone Capital Trading Down 0.9%

GLAD opened at $20.64 on Friday. The business’s fifty day simple moving average is $20.15 and its 200-day simple moving average is $23.92. The company has a market capitalization of $466.26 million, a price-to-earnings ratio of 8.06 and a beta of 0.93. Gladstone Capital has a 12-month low of $18.76 and a 12-month high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Monday, November 17th. The investment management company reported $0.52 EPS for the quarter, beating 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 company had revenue of $23.94 million during the quarter, compared to analysts’ expectations of $22.72 million. On average, equities research analysts predict that Gladstone Capital will post 2.03 EPS for the current year.

Hedge Funds Weigh In On Gladstone Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. Goldman Sachs Group Inc. raised its holdings in shares of Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after acquiring an additional 456 shares in the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Gladstone Capital by 13.5% in the second quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock worth $228,000 after buying an additional 1,008 shares during the last quarter. Quantbot Technologies LP acquired a new position in Gladstone Capital during the 1st quarter worth $77,000. Compound Planning Inc. increased its stake in shares of Gladstone Capital by 14.6% in the first 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. Finally, Advisors Asset Management Inc. grew its holdings in 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 buying an additional 6,321 shares during the last quarter. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.