Gladstone Capital (GLAD) Lifted to “Buy” at BidaskClub

BidaskClub upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a hold rating to a buy rating in a report issued on Thursday, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the stock. National Securities reaffirmed a sell rating and issued a $7.00 price target on shares of Gladstone Capital in a report on Friday, May 3rd. Zacks Investment Research raised shares of Gladstone Capital from a sell rating to a hold rating in a report on Wednesday, April 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus price target of $9.00.

NASDAQ:GLAD opened at $9.42 on Thursday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.22. The company has a market capitalization of $277.07 million, a P/E ratio of 11.08 and a beta of 1.28. Gladstone Capital has a 12 month low of $6.41 and a 12 month high of $9.87.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $12.52 million during the quarter, compared to the consensus estimate of $12.60 million. Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%. As a group, sell-side analysts expect that Gladstone Capital will post 0.85 EPS for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd will be issued a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.84 dividend on an annualized basis and a yield of 8.92%. Gladstone Capital’s payout ratio is 98.82%.

A number of hedge funds have recently modified their holdings of GLAD. BlackRock Inc. raised its holdings in Gladstone Capital by 13.1% during the 3rd quarter. BlackRock Inc. now owns 126,599 shares of the investment management company’s stock valued at $1,203,000 after acquiring an additional 14,631 shares during the period. TCI Wealth Advisors Inc. raised its holdings in Gladstone Capital by 53.4% during the 4th quarter. TCI Wealth Advisors Inc. now owns 25,082 shares of the investment management company’s stock valued at $183,000 after acquiring an additional 8,733 shares during the period. PFG Advisors bought a new stake in Gladstone Capital during the 4th quarter valued at $84,000. D.A. Davidson & CO. raised its holdings in Gladstone Capital by 75.7% during the 4th quarter. D.A. Davidson & CO. now owns 66,467 shares of the investment management company’s stock valued at $485,000 after acquiring an additional 28,641 shares during the period. Finally, LPL Financial LLC raised its holdings in Gladstone Capital by 24.9% during the 4th quarter. LPL Financial LLC now owns 121,657 shares of the investment management company’s stock valued at $888,000 after acquiring an additional 24,250 shares during the period. 11.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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