Gladstone Capital (NASDAQ:GLAD) Shares Pass Above 200-Day Moving Average – Should You Sell?

Gladstone Capital Corporation (NASDAQ:GLAD) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.13 and traded as high as $19.95. Gladstone Capital shares last traded at $19.82, with a volume of 141,413 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Finally, Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Price Performance

The stock has a market capitalization of $447.73 million, a PE ratio of 10.83 and a beta of 0.92. The firm’s 50 day simple moving average is $19.26 and its 200 day simple moving average is $19.13.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. The firm had revenue of $25.99 million during the quarter, compared to analyst estimates of $25.19 million. Analysts expect that Gladstone Capital Corporation will post 2.01 earnings per share for the current fiscal year.

Institutional Trading of Gladstone Capital

Several hedge funds have recently added to or reduced their stakes in GLAD. Miller Global Investments LLC bought a new stake in Gladstone Capital in the second quarter worth $311,000. Sunbelt Securities Inc. bought a new position in shares of Gladstone Capital during the first quarter valued at about $142,000. Entropy Technologies LP bought a new position in shares of Gladstone Capital during the first quarter valued at about $179,000. Virtu Financial LLC purchased a new position in shares of Gladstone Capital in the fourth quarter worth about $213,000. Finally, Virtus Investment Advisers LLC increased its holdings in shares of Gladstone Capital by 60.5% in the fourth quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock worth $587,000 after buying an additional 10,703 shares during the period. 10.72% of the stock is owned by 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.