Gladstone Capital (NASDAQ:GLAD) Stock Rating Upgraded by Wall Street Zen

Gladstone Capital (NASDAQ:GLAD) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Several other brokerages have also recently weighed in on GLAD. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Jefferies Financial Group set a $21.00 price target on Gladstone Capital and gave the stock a “hold” rating in a research note on Friday, February 6th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Price Performance

Shares of GLAD stock opened at $17.63 on Friday. The stock has a market cap of $398.31 million, a price-to-earnings ratio of 11.09 and a beta of 0.95. The business’s fifty day moving average is $18.23 and its 200 day moving average is $19.68. Gladstone Capital has a twelve month low of $16.54 and a twelve month high of $29.50. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.45.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The company had revenue of $24.51 million for the quarter, compared to analysts’ expectations of $24.70 million. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%. Research analysts expect that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp purchased a new stake in shares of Gladstone Capital in the third quarter worth $31,000. WFA of San Diego LLC purchased a new stake in shares of Gladstone Capital in the second quarter worth $42,000. JPMorgan Chase & Co. purchased a new stake in shares of Gladstone Capital in the second quarter worth $46,000. Garner Asset Management Corp purchased a new stake in shares of Gladstone Capital in the fourth quarter worth $36,000. Finally, CWM LLC grew its stake in shares of Gladstone Capital by 89.2% in the third quarter. CWM LLC now owns 2,246 shares of the investment management company’s stock worth $49,000 after acquiring an additional 1,059 shares during the last quarter. 10.72% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.