Brokerages expect Gladstone Capital Co. (NASDAQ:GLAD – Get Rating) to report $14.79 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Gladstone Capital’s earnings, with estimates ranging from $14.50 million to $15.08 million. Gladstone Capital posted sales of $12.89 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.7%. The business is expected to announce its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Gladstone Capital will report full year sales of $61.27 million for the current fiscal year, with estimates ranging from $60.38 million to $62.16 million. For the next year, analysts forecast that the firm will report sales of $64.14 million, with estimates ranging from $63.40 million to $64.89 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD – Get Rating) last posted its quarterly earnings data on Wednesday, February 2nd. The investment management company reported $0.27 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.07. The firm had revenue of $16.17 million for the quarter, compared to analysts’ expectations of $14.34 million. Gladstone Capital had a return on equity of 9.62% and a net margin of 147.34%. During the same period in the previous year, the firm earned $0.20 EPS.
Several hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Gladstone Capital during the first quarter valued at approximately $39,000. CWM LLC acquired a new stake in shares of Gladstone Capital during the 4th quarter valued at $67,000. Wells Fargo & Company MN boosted its stake in shares of Gladstone Capital by 79.4% during the 2nd quarter. Wells Fargo & Company MN now owns 7,037 shares of the investment management company’s stock valued at $80,000 after buying an additional 3,115 shares during the period. National Bank of Canada FI acquired a new stake in shares of Gladstone Capital during the 4th quarter valued at $103,000. Finally, Private Advisor Group LLC acquired a new stake in shares of Gladstone Capital in the 3rd quarter valued at $118,000. Institutional investors and hedge funds own 10.11% of the company’s stock.
Shares of NASDAQ GLAD opened at $12.13 on Thursday. The stock has a market capitalization of $416.11 million, a P/E ratio of 4.83, a price-to-earnings-growth ratio of 2.79 and a beta of 1.38. Gladstone Capital has a 1-year low of $9.92 and a 1-year high of $12.58. The business has a fifty day moving average price of $11.42 and a 200 day moving average price of $11.43.
The business also recently announced a monthly dividend, which was paid on Thursday, March 31st. Investors of record on Wednesday, March 23rd were paid a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 6.43%. The ex-dividend date was Tuesday, March 22nd. Gladstone Capital’s payout ratio is currently 31.08%.
About Gladstone Capital (Get Rating)
Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche 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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