Gladstone Capital (NASDAQ:GLAD) Rating Increased to Hold at StockNews.com

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

Gladstone Capital Stock Performance

GLAD opened at $9.43 on Thursday. The stock has a market cap of $353.06 million, a P/E ratio of 19.65 and a beta of 1.31. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.06 and a quick ratio of 0.06. The stock’s 50 day simple moving average is $9.42 and its 200 day simple moving average is $9.81. Gladstone Capital has a 1-year low of $8.21 and a 1-year high of $11.99.

Gladstone Capital (NASDAQ:GLAD – Get Rating) last released its quarterly earnings results on Tuesday, May 2nd. The investment management company reported $0.26 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.26. The business had revenue of $20.56 million for the quarter, compared to analysts’ expectations of $19.91 million. Gladstone Capital had a return on equity of 10.13% and a net margin of 24.71%. During the same quarter in the prior year, the firm posted $0.25 EPS. As a group, equities analysts anticipate that Gladstone Capital will post 1.05 EPS for the current fiscal year.

Institutional Investors Weigh In On Gladstone Capital

A number of large investors have recently bought and sold shares of the stock. Private Advisor Group LLC grew its holdings in Gladstone Capital by 6.1% during the 4th quarter. Private Advisor Group LLC now owns 17,483 shares of the investment management company’s stock valued at $168,000 after buying an additional 1,000 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Gladstone Capital by 39.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,975 shares of the investment management company’s stock valued at $60,000 after buying an additional 1,675 shares during the last quarter. Great West Life Assurance Co. Can grew its holdings in Gladstone Capital by 20.1% during the 1st quarter. Great West Life Assurance Co. Can now owns 12,508 shares of the investment management company’s stock valued at $157,000 after buying an additional 2,096 shares during the last quarter. Kovack Advisors Inc. grew its holdings in Gladstone Capital by 4.1% during the 1st quarter. Kovack Advisors Inc. now owns 61,147 shares of the investment management company’s stock valued at $575,000 after buying an additional 2,400 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in Gladstone Capital by 13.3% during the 1st quarter. Royal Bank of Canada now owns 30,119 shares of the investment management company’s stock valued at $356,000 after buying an additional 3,536 shares during the last quarter. Institutional investors and hedge funds own 9.11% of the company’s stock.

About Gladstone Capital

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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.