According to Zacks, “Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies. The Company target small and medium sized private businesses that meet some or all of our criteria, including the potential for growth, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on cash flow, substantial ownership by a buyout fund or a venture capital fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. “
Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Xencor from a sell rating to a strong sell rating in a research note on Tuesday, June 11th. National Securities began coverage on shares of Bluerock Residential Growth REIT Inc Class A (NYSEAMERICAN) in a research note on Friday, May 3rd. They set a buy rating and a $13.00 price objective for the company. TheStreet upgraded shares of Marvell Technology Group from a c+ rating to a b- rating in a research note on Wednesday, July 3rd. Finally, Wedbush set a $20.00 target price on shares of Ares Capital and gave the company a buy rating in a research note on Tuesday, May 14th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Gladstone Capital currently has a consensus rating of Hold and an average target price of $9.33.
Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%. The business had revenue of $12.52 million for the quarter, compared to analyst estimates of $12.60 million. Analysts expect 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 Wednesday, July 31st. Investors of record on Monday, July 22nd will be paid a $0.07 dividend. The ex-dividend date of this dividend is Friday, July 19th. This represents a $0.84 annualized dividend and a yield of 8.83%. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.82%.
A number of large investors have recently modified their holdings of the stock. Legal & General Group Plc lifted its stake in Gladstone Capital by 28.4% in the 4th quarter. Legal & General Group Plc now owns 129,362 shares of the investment management company’s stock valued at $950,000 after purchasing an additional 28,616 shares during the last quarter. Novare Capital Management LLC lifted 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 during the last quarter. LPL Financial LLC lifted its stake in Gladstone Capital by 24.9% in the 4th quarter. LPL Financial LLC now owns 121,657 shares of the investment management company’s stock valued at $888,000 after purchasing an additional 24,250 shares during the last quarter. Global Strategic Management Inc. acquired a new stake in Gladstone Capital in the 4th quarter valued at about $690,000. Finally, Shulman DeMeo Asset Management LLC acquired a new stake in Gladstone Capital in the 1st quarter valued at about $619,000. Institutional investors and hedge funds own 11.56% of the company’s stock.
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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