Shares of Gladstone Capital Co. (NASDAQ:GLAD) have earned a consensus rating of “Hold” from the six research firms that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $8.50.
Several research firms have recently issued reports on GLAD. Wedbush set a $10.00 price objective on Gladstone Capital and gave the stock a “hold” rating in a research report on Tuesday. BidaskClub raised Gladstone Capital from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. National Securities reaffirmed a “sell” rating and set a $7.00 price objective on shares of Gladstone Capital in a research report on Friday, May 3rd. Finally, Zacks Investment Research raised Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th.
Several hedge funds and other institutional investors have recently made changes to their positions in GLAD. Ladenburg Thalmann Financial Services Inc. raised its stake in Gladstone Capital by 24.4% during the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 58,699 shares of the investment management company’s stock valued at $529,000 after acquiring an additional 11,506 shares during the last quarter. Morgan Stanley raised its stake in shares of Gladstone Capital by 1.7% during the 1st quarter. Morgan Stanley now owns 141,504 shares of the investment management company’s stock worth $1,275,000 after buying an additional 2,333 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Gladstone Capital during the 1st quarter worth approximately $39,000. Koshinski Asset Management Inc. raised its stake in shares of Gladstone Capital by 6.9% during the 1st quarter. Koshinski Asset Management Inc. now owns 24,544 shares of the investment management company’s stock worth $221,000 after buying an additional 1,584 shares in the last quarter. Finally, Novare Capital Management LLC increased its stake in Gladstone Capital by 9.8% in the 1st quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock valued at $1,130,000 after purchasing an additional 11,225 shares in the last quarter. 11.59% of the stock is owned by hedge funds and other institutional investors.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). The business had revenue of $12.52 million for the quarter, compared to analyst estimates of $12.60 million. Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%. As a group, research analysts forecast that Gladstone Capital will post 0.84 earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 22nd will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 8.94%. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.82%.
About Gladstone Capital
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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