Gladstone Capital (NASDAQ:GLAD) Upgraded to “Hold” by StockNews.com

Gladstone Capital (NASDAQ:GLAD – Get Rating) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Thursday.

Separately, TheStreet raised shares of Gladstone Capital from a “c+” rating to a “b” rating in a research note on Monday, December 5th.

Gladstone Capital Stock Performance

Shares of NASDAQ:GLAD opened at $10.02 on Thursday. The stock has a market capitalization of $365.83 million, a price-to-earnings ratio of 25.69 and a beta of 1.32. Gladstone Capital has a 1-year low of $8.21 and a 1-year high of $12.78. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.05 and a current ratio of 0.05. The company has a 50 day moving average price of $10.16 and a 200 day moving average price of $9.82.

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 GLAD. JPMorgan Chase & Co. purchased a new stake in Gladstone Capital in the 2nd quarter worth approximately $36,000. Money Concepts Capital Corp bought a new position in shares of Gladstone Capital during the 4th quarter valued at $36,000. BNP Paribas Arbitrage SA raised its holdings in shares of Gladstone Capital by 230.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock valued at $51,000 after purchasing an additional 2,999 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Gladstone Capital during the 2nd quarter valued at $95,000. Finally, BNP Paribas Arbitrage SNC raised its holdings in shares of Gladstone Capital by 123.3% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 13,344 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 7,369 shares in the last quarter. Hedge funds and other institutional investors own 9.11% of the company’s stock.

Gladstone Capital Company Profile

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Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies, that meet certain criteria. The criteria can include some or all of the following: the potential for growth in cash flow, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, reasonable capitalization of the borrower and the potential to realize appreciation and gain liquidity in our equity position, if any.