Analysts Set Gladstone Capital Corporation (NASDAQ:GLAD) Price Target at $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLADGet Free Report) have received an average recommendation of “Hold” from the six research firms that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $21.6667.

A number of equities research analysts recently issued reports on the company. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Jefferies Financial Group set a $21.00 price objective on Gladstone Capital and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th.

View Our Latest Research Report on Gladstone Capital

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. increased its position in shares of Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after buying an additional 456 shares during the period. Focus Partners Wealth bought a new stake in shares of Gladstone Capital during the first quarter valued at about $220,000. Cetera Investment Advisers increased its position in shares of Gladstone Capital by 43.0% during the second quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company’s stock valued at $572,000 after buying an additional 6,385 shares during the period. JPMorgan Chase & Co. bought a new stake in shares of Gladstone Capital during the second quarter valued at about $46,000. Finally, Quantbot Technologies LP increased its position in shares of Gladstone Capital by 52.7% during the second quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company’s stock valued at $115,000 after buying an additional 1,474 shares during the period. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Price Performance

NASDAQ GLAD opened at $19.14 on Friday. Gladstone Capital has a one year low of $16.54 and a one year high of $29.50. The business’s fifty day moving average is $18.34 and its 200-day moving average is $19.44. The stock has a market capitalization of $432.37 million, a price-to-earnings ratio of 10.46 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLADGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%.The business had revenue of $25.99 million for the quarter, compared to analysts’ expectations of $25.19 million. Research analysts expect that Gladstone Capital will post 2.01 EPS for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Tuesday, June 23rd. Gladstone Capital’s payout ratio is currently 98.36%.

Gladstone Capital Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Gladstone Capital (NASDAQ:GLAD)

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