Gladstone Capital Corporation (GLAD) – What Are Researchers Thinking About This Stock?

Shares of Gladstone Capital Corporation (NASDAQ:GLAD – Get Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the six research firms that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $21.67.

A number of equities analysts have recently issued reports on the company. Weiss Ratings downgraded Gladstone Capital from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday. ATB Cormark Capital Markets upgraded Gladstone Capital to a “moderate buy” rating in a research note on Thursday, October 8th.

Read Our Latest Report on GLAD

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. B. Riley Wealth Advisors Inc. increased its position in Gladstone Capital by 66.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company’s stock valued at $4,327,000 after purchasing an additional 89,446 shares during the period. Miller Global Investments LLC raised its holdings in shares of Gladstone Capital by 200.8% in the 3rd quarter. Miller Global Investments LLC now owns 48,139 shares of the investment management company’s stock valued at $926,000 after purchasing an additional 32,136 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of Gladstone Capital in the 3rd quarter valued at about $263,000. Entropy Technologies LP bought a new stake in shares of Gladstone Capital in the 1st quarter valued at about $179,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Gladstone Capital in the 1st quarter worth approximately $142,000. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Stock Down 2.3%

Shares of NASDAQ:GLAD opened at $18.88 on Tuesday. Gladstone Capital has a 52-week low of $16.54 and a 52-week high of $21.73. The stock has a market cap of $426.50 million, a P/E ratio of 9.17 and a beta of 0.94. The business’s 50 day moving average is $19.49 and its 200 day moving average is $19.19.

Gladstone Capital (NASDAQ:GLAD – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $24.50 million for the quarter, compared to the consensus estimate of $24.90 million. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. On average, sell-side analysts anticipate that Gladstone Capital will post 1.99 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 21st. This represents a $1.80 dividend on an annualized basis and a yield of 9.5%. Gladstone Capital’s dividend payout ratio is 87.38%.

About Gladstone Capital

(Get Free Report)

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market businesses in the United States. The company seeks to support established companies across a range of industries, typically working with businesses that may require flexible capital solutions to fund growth, acquisitions, recapitalizations, refinancings, or other strategic initiatives.

Its investment portfolio primarily consists of secured debt investments, including first-lien and second-lien loans, as well as subordinated debt and equity investments.

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Analyst Recommendations for Gladstone Capital (NASDAQ:GLAD)

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