Q3 2022 EPS Estimates for Gladstone Capital Co. Raised by Analyst (NASDAQ:GLAD)

Gladstone Capital Co. (NASDAQ:GLADGet Rating) – Research analysts at Oppenheimer lifted their Q3 2022 EPS estimates for shares of Gladstone Capital in a report issued on Wednesday, May 4th. Oppenheimer analyst M. Penn now forecasts that the investment management company will earn $0.21 per share for the quarter, up from their prior estimate of $0.20. Oppenheimer also issued estimates for Gladstone Capital’s Q4 2022 earnings at $0.21 EPS, FY2022 earnings at $0.93 EPS, Q1 2023 earnings at $0.21 EPS, Q2 2023 earnings at $0.21 EPS, Q3 2023 earnings at $0.21 EPS, Q4 2023 earnings at $0.21 EPS and FY2023 earnings at $0.85 EPS.

GLAD has been the topic of several other research reports. StockNews.com assumed coverage on Gladstone Capital in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, April 6th. Finally, Raymond James began coverage on shares of Gladstone Capital in a research report on Wednesday, April 6th. They issued a “market perform” rating for the company.

GLAD stock opened at $11.91 on Friday. The stock has a market capitalization of $408.51 million, a P/E ratio of 5.67, a P/E/G ratio of 2.75 and a beta of 1.29. Gladstone Capital has a fifty-two week low of $9.92 and a fifty-two week high of $12.78. The business has a 50-day moving average of $11.71 and a 200-day moving average of $11.51.

Gladstone Capital (NASDAQ:GLADGet Rating) last released its earnings results on Wednesday, February 2nd. The investment management company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. The firm had revenue of $16.17 million during the quarter, compared to analysts’ expectations of $14.34 million. Gladstone Capital had a return on equity of 10.05% and a net margin of 115.70%. During the same quarter in the prior year, the company earned $0.20 EPS.

Institutional investors and hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC lifted its stake in Gladstone Capital by 13.2% in the first quarter. Commonwealth Equity Services LLC now owns 13,725 shares of the investment management company’s stock valued at $161,000 after acquiring an additional 1,596 shares during the last quarter. BlackRock Inc. lifted its stake in Gladstone Capital by 4.2% in the 4th quarter. BlackRock Inc. now owns 227,598 shares of the investment management company’s stock valued at $2,638,000 after purchasing an additional 9,184 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Gladstone Capital by 38.3% during the fourth quarter. Wells Fargo & Company MN now owns 15,553 shares of the investment management company’s stock worth $181,000 after purchasing an additional 4,306 shares during the period. Advisors Asset Management Inc. increased its position in Gladstone Capital by 7.1% during the fourth quarter. Advisors Asset Management Inc. now owns 337,745 shares of the investment management company’s stock worth $3,914,000 after buying an additional 22,357 shares during the last quarter. Finally, Ausdal Financial Partners Inc. raised its stake in Gladstone Capital by 22.9% in the fourth quarter. Ausdal Financial Partners Inc. now owns 24,411 shares of the investment management company’s stock valued at $283,000 after buying an additional 4,542 shares during the period. Institutional investors and hedge funds own 10.38% of the company’s stock.

The business also recently declared a monthly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 22nd will be given a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a dividend yield of 6.80%. The ex-dividend date is Tuesday, June 21st. Gladstone Capital’s dividend payout ratio (DPR) is 38.57%.

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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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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