Gladstone Capital (NASDAQ:GLAD) Downgraded to Sell Rating by Wall Street Zen

Gladstone Capital (NASDAQ:GLAD) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Saturday.

GLAD has been the subject of a number of other reports. Jefferies Financial Group set a $21.00 price objective on shares of Gladstone Capital and gave the company a “hold” rating in a research note on Friday, February 6th. Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, Gladstone Capital presently has an average rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD opened at $16.55 on Friday. The firm has a market capitalization of $373.86 million, a PE ratio of 10.41 and a beta of 0.95. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.45. The company has a 50-day moving average price of $18.82 and a two-hundred day moving average price of $20.10. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $24.51 million for the quarter, compared to analyst estimates of $24.70 million. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. Equities analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

Institutional Trading of Gladstone Capital

Institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG boosted its holdings in Gladstone Capital by 37.5% in the 3rd quarter. UBS Group AG now owns 230,218 shares of the investment management company’s stock valued at $5,035,000 after purchasing an additional 62,738 shares during the period. Jane Street Group LLC increased its holdings in shares of Gladstone Capital by 179.0% in the fourth quarter. Jane Street Group LLC now owns 53,425 shares of the investment management company’s stock worth $1,104,000 after purchasing an additional 34,278 shares during the period. Trexquant Investment LP increased its holdings in shares of Gladstone Capital by 107.7% in the fourth quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock worth $1,223,000 after purchasing an additional 30,695 shares during the period. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of Gladstone Capital in the fourth quarter worth $551,000. Finally, Closed End Fund Advisors Inc. purchased a new stake in shares of Gladstone Capital in the fourth quarter worth $551,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

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.