BidaskClub upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a hold rating to a buy rating in a research report released on Friday.
A number of other research analysts have also commented on GLAD. Zacks Investment Research lowered Gladstone Capital from a buy rating to a hold rating in a report on Monday, October 22nd. National Securities lowered Gladstone Capital from a neutral rating to a sell rating and lowered their target price for the company from $8.00 to $7.00 in a report on Tuesday, November 6th. ValuEngine lowered Gladstone Capital from a hold rating to a sell rating in a report on Wednesday, November 28th. Finally, TheStreet lowered Gladstone Capital from a b- rating to a c rating in a report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company’s stock. Gladstone Capital presently has a consensus rating of Hold and a consensus price target of $9.00.
Shares of NASDAQ GLAD opened at $8.72 on Friday. The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 0.45. The stock has a market cap of $253.65 million, a PE ratio of 10.26 and a beta of 1.25. Gladstone Capital has a 52 week low of $6.41 and a 52 week high of $9.87.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, February 6th. The investment management company reported $0.21 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.21. The business had revenue of $11.91 million for the quarter, compared to analyst estimates of $12.13 million. Gladstone Capital had a return on equity of 9.99% and a net margin of 16.68%. Research analysts expect that Gladstone Capital will post 0.85 earnings per share for the current year.
The firm also recently announced a monthly dividend, which will be paid on Thursday, February 28th. Shareholders of record on Wednesday, February 20th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.63%. The ex-dividend date is Tuesday, February 19th. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.82%.
In other news, President Robert L. Marcotte acquired 12,000 shares of the firm’s stock in a transaction dated Friday, December 7th. The shares were bought at an average price of $8.33 per share, with a total value of $99,960.00. Following the acquisition, the president now owns 460,037 shares of the company’s stock, valued at $3,832,108.21. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Robert L. Marcotte acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were purchased at an average cost of $8.71 per share, for a total transaction of $87,100.00. The disclosure for this purchase can be found here. Insiders acquired a total of 22,582 shares of company stock worth $192,077 in the last ninety days. Insiders own 5.85% of the company’s stock.
Large investors have recently made changes to their positions in the company. PFG Advisors acquired a new stake in shares of Gladstone Capital during the 4th quarter worth approximately $84,000. TCI Wealth Advisors Inc. grew its holdings in shares of 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 worth $183,000 after purchasing an additional 8,733 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in shares of Gladstone Capital during the 3rd quarter worth approximately $256,000. Novare Capital Management LLC grew its holdings in shares of Gladstone Capital by 37.0% during the 3rd quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock worth $311,000 after purchasing an additional 8,850 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Gladstone Capital by 18.5% during the 2nd quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock worth $398,000 after purchasing an additional 6,900 shares in the last quarter. 11.73% of the stock is currently owned by institutional investors.
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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