$12.42 Million in Sales Expected for Gladstone Capital Co. (GLAD) This Quarter

Equities research analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to report sales of $12.42 million for the current quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings, with estimates ranging from $11.88 million to $12.97 million. Gladstone Capital reported sales of $12.38 million during the same quarter last year, which would suggest a positive year over year growth rate of 0.3%. The company is expected to issue its next quarterly earnings report on Tuesday, July 30th.

According to Zacks, analysts expect that Gladstone Capital will report full-year sales of $49.83 million for the current year, with estimates ranging from $48.52 million to $51.15 million. For the next fiscal year, analysts expect that the firm will post sales of $54.94 million, with estimates ranging from $51.31 million to $58.56 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Gladstone Capital.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $12.52 million for the quarter, compared to analysts’ expectations of $12.60 million. Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%.

GLAD has been the subject of a number of research analyst reports. National Securities reaffirmed a “sell” rating and issued a $7.00 target price on shares of Gladstone Capital in a report on Monday, February 11th. BidaskClub cut shares of Gladstone Capital from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. Zacks Investment Research cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Finally, Wedbush set a $10.00 target price on shares of Gladstone Capital and gave the company a “hold” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Gladstone Capital has a consensus rating of “Hold” and a consensus price target of $9.33.

NASDAQ GLAD traded down $0.03 during trading hours on Thursday, hitting $9.43. 128,700 shares of the stock were exchanged, compared to its average volume of 130,429. Gladstone Capital has a 12-month low of $6.41 and a 12-month high of $9.87. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $274.43 million, a P/E ratio of 11.09 and a beta of 1.28.

The business 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 $0.07 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $0.84 dividend on an annualized basis and a yield of 8.91%. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.82%.

A number of institutional investors have recently modified their holdings of GLAD. Ladenburg Thalmann Financial Services Inc. grew its position in Gladstone Capital by 24.4% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 58,699 shares of the investment management company’s stock worth $529,000 after acquiring an additional 11,506 shares in the last quarter. Morgan Stanley grew its position in Gladstone Capital by 1.7% in the first quarter. Morgan Stanley now owns 141,504 shares of the investment management company’s stock worth $1,275,000 after acquiring an additional 2,333 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in Gladstone Capital in the first quarter worth approximately $39,000. Koshinski Asset Management Inc. grew its position in Gladstone Capital by 6.9% in the first quarter. Koshinski Asset Management Inc. now owns 24,544 shares of the investment management company’s stock worth $221,000 after acquiring an additional 1,584 shares in the last quarter. Finally, Novare Capital Management LLC grew its position in Gladstone Capital by 9.8% in the first quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock worth $1,130,000 after acquiring an additional 11,225 shares in the last quarter. 11.59% of the stock is owned by institutional investors.

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.

See Also: Compound Annual Growth Rate (CAGR)

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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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