$0.21 EPS Expected for Gladstone Capital Co. (NASDAQ:GLAD) This Quarter

Analysts expect Gladstone Capital Co. (NASDAQ:GLAD – Get Rating) to post $0.21 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Gladstone Capital’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.21. Gladstone Capital reported earnings of $0.20 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 5%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Gladstone Capital will report full-year earnings of $0.93 per share for the current fiscal year. For the next financial year, analysts expect that the business will post earnings of $0.87 per share, with EPS estimates ranging from $0.83 to $0.94. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Gladstone Capital.

GLAD has been the subject of several research reports. Zacks Investment Research upgraded shares of Gladstone Capital from a “hold” rating to a “strong-buy” rating and set a $14.00 target price for the company in a research report on Friday, May 6th. Raymond James assumed coverage on shares of Gladstone Capital in a research report on Wednesday, April 6th. They set a “market perform” rating for the company. Finally, StockNews.com assumed coverage on shares of Gladstone Capital in a research report on Thursday, March 31st. They set a “hold” rating for the company.

Several large investors have recently modified their holdings of GLAD. Van ECK Associates Corp raised its stake in shares of Gladstone Capital by 52.6% during the first quarter. Van ECK Associates Corp now owns 848,391 shares of the investment management company’s stock valued at $10,003,000 after acquiring an additional 292,598 shares during the last quarter. BlackRock Inc. raised its stake in Gladstone Capital by 15.1% in the third quarter. BlackRock Inc. now owns 218,414 shares of the investment management company’s stock worth $2,468,000 after buying an additional 28,687 shares in the last quarter. Morgan Stanley raised its stake in Gladstone Capital by 15.3% in the second quarter. Morgan Stanley now owns 210,688 shares of the investment management company’s stock worth $2,408,000 after buying an additional 27,908 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Gladstone Capital by 7.1% in 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 in the last quarter. Finally, Claraphi Advisory Network LLC bought a new position in Gladstone Capital in the third quarter worth about $251,000. 10.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NASDAQ:GLAD opened at $11.31 on Tuesday. Gladstone Capital has a 52-week low of $9.92 and a 52-week high of $12.78. The firm has a fifty day moving average of $11.86 and a 200 day moving average of $11.50. The firm has a market capitalization of $387.98 million, a PE ratio of 5.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.03 and a current ratio of 0.03.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 22nd will be paid a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a dividend yield of 7.16%. The ex-dividend date of this dividend is Tuesday, June 21st. Gladstone Capital’s dividend payout ratio (DPR) is 38.57%.

Gladstone Capital Company Profile (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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