Gladstone Capital (NASDAQ:GLAD) Upgraded by StockNews.com to Hold

Gladstone Capital (NASDAQ:GLAD) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

Gladstone Capital Trading Up 0.8 %

Shares of GLAD stock opened at $21.63 on Tuesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $470.45 million, a price-to-earnings ratio of 7.51 and a beta of 1.25. Gladstone Capital has a 12-month low of $18.38 and a 12-month high of $22.56. The stock’s 50-day moving average price is $20.63 and its 200-day moving average price is $20.61.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.02). The firm had revenue of $23.22 million during the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. Equities research analysts predict that Gladstone Capital will post 2.2 EPS for the current fiscal year.

Institutional Investors Weigh In On Gladstone Capital

Several large investors have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. boosted its stake in shares of Gladstone Capital by 1.2% during the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock worth $747,000 after purchasing an additional 856 shares during the period. Register Financial Advisors LLC bought a new stake in Gladstone Capital in the first quarter worth about $69,000. Creekmur Asset Management LLC purchased a new position in shares of Gladstone Capital during the fourth quarter valued at approximately $67,000. Eagle Global Advisors LLC grew its stake in shares of Gladstone Capital by 15.4% during the fourth quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after buying an additional 2,150 shares during the last quarter. Finally, Trexquant Investment LP raised its holdings in shares of Gladstone Capital by 30.1% in the fourth quarter. Trexquant Investment LP now owns 85,407 shares of the investment management company’s stock worth $914,000 after buying an additional 19,781 shares during the period. 10.72% of the stock is owned by institutional investors.

About Gladstone Capital

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.