Gladstone Capital (NASDAQ:GLAD) Issues Earnings Results

Gladstone Capital (NASDAQ:GLAD) issued its quarterly earnings results on Monday. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21, Bloomberg Earnings reports. Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%. The firm had revenue of $12.89 million for the quarter, compared to analyst estimates of $12.42 million.

Shares of GLAD traded down $0.03 during mid-day trading on Wednesday, hitting $9.21. The stock had a trading volume of 2,245 shares, compared to its average volume of 106,440. The stock has a market capitalization of $270.02 million, a P/E ratio of 10.79 and a beta of 1.18. The company’s fifty day moving average price is $9.40. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.11 and a current ratio of 0.11. Gladstone Capital has a fifty-two week low of $6.41 and a fifty-two week high of $9.87.

The company also recently announced a dividend, which will be paid on Friday, August 30th. Stockholders of record on Tuesday, August 20th will be given a $0.07 dividend. The ex-dividend date is Monday, August 19th. Gladstone Capital’s payout ratio is 98.82%.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. National Securities restated a “sell” rating and set a $7.00 price objective on shares of Gladstone Capital in a report on Friday, May 3rd. TheStreet upgraded Gladstone Capital from a “c” rating to a “b” rating in a report on Wednesday, July 3rd. BidaskClub upgraded Gladstone Capital from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Wedbush set a $10.00 price objective on Gladstone Capital and gave the stock a “hold” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Gladstone Capital has a consensus rating of “Hold” and an average price target of $9.33.

Several institutional investors and hedge funds have recently modified their holdings of GLAD. Marshall Wace North America L.P. bought a new stake in Gladstone Capital during the 1st quarter valued at $39,000. Winslow Evans & Crocker Inc. raised its position in shares of Gladstone Capital by 115.2% during the second quarter. Winslow Evans & Crocker Inc. now owns 9,900 shares of the investment management company’s stock worth $94,000 after purchasing an additional 5,300 shares during the period. Wambolt & Associates LLC acquired a new stake in shares of Gladstone Capital during the first quarter worth $106,000. Good Life Advisors LLC acquired a new stake in shares of Gladstone Capital during the second quarter worth $115,000. Finally, Koshinski Asset Management Inc. grew its holdings in shares of Gladstone Capital by 20.8% during the second quarter. Koshinski Asset Management Inc. now owns 29,640 shares of the investment management company’s stock valued at $278,000 after buying an additional 5,096 shares in the last quarter. Institutional investors own 11.75% 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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Earnings History for Gladstone Capital (NASDAQ:GLAD)

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