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

Gladstone Capital (NASDAQ:GLAD) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Tuesday.

Gladstone Capital Stock Up 0.8 %

GLAD opened at $21.63 on Tuesday. Gladstone Capital has a 1-year low of $18.38 and a 1-year high of $22.56. The business has a 50 day moving average of $20.63 and a 200-day moving average of $20.61. The stock has a market capitalization of $470.45 million, a price-to-earnings ratio of 7.51 and a beta of 1.25. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Monday, February 5th. The investment management company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. The firm had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. As a group, sell-side analysts anticipate that Gladstone Capital will post 2.2 earnings per share for the current year.

Hedge Funds Weigh In On Gladstone Capital

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its position in Gladstone Capital by 72.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,636 shares of the investment management company’s stock valued at $209,000 after buying an additional 9,099 shares in the last quarter. Jump Financial LLC boosted its holdings in shares of Gladstone Capital by 154.5% in the 3rd quarter. Jump Financial LLC now owns 62,855 shares of the investment management company’s stock worth $606,000 after acquiring an additional 38,155 shares in the last quarter. Quantbot Technologies LP grew its position in Gladstone Capital by 456.5% during the 3rd quarter. Quantbot Technologies LP now owns 24,269 shares of the investment management company’s stock worth $234,000 after acquiring an additional 19,908 shares during the last quarter. Virtus ETF Advisers LLC increased its holdings in Gladstone Capital by 82.5% during the 3rd quarter. Virtus ETF Advisers LLC now owns 54,860 shares of the investment management company’s stock valued at $529,000 after purchasing an additional 24,802 shares in the last quarter. Finally, Prime Capital Investment Advisors LLC bought a new position in Gladstone Capital in the 3rd quarter valued at $102,000. 10.72% of the stock is owned by institutional investors and hedge funds.

About Gladstone Capital

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.