Goldman Sachs Group Inc. Acquires 456 Shares of Gladstone Capital Corporation $GLAD

Goldman Sachs Group Inc. increased its holdings in shares of Gladstone Capital Corporation (NASDAQ:GLAD) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,853 shares of the investment management company’s stock after acquiring an additional 456 shares during the period. Goldman Sachs Group Inc. owned approximately 0.13% of Gladstone Capital worth $792,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GLAD. Advisors Asset Management Inc. lifted its holdings in shares of Gladstone Capital by 8.0% during the first quarter. Advisors Asset Management Inc. now owns 85,652 shares of the investment management company’s stock valued at $2,352,000 after purchasing an additional 6,321 shares during the last quarter. Kovack Advisors Inc. increased its position in Gladstone Capital by 1.8% during the 1st quarter. Kovack Advisors Inc. now owns 38,561 shares of the investment management company’s stock valued at $1,059,000 after buying an additional 669 shares in the last quarter. Northern Trust Corp raised its stake in Gladstone Capital by 12.1% during the fourth quarter. Northern Trust Corp now owns 25,023 shares of the investment management company’s stock valued at $712,000 after buying an additional 2,699 shares during the last quarter. Compound Planning Inc. raised its stake in Gladstone Capital by 14.6% during the first quarter. Compound Planning Inc. now owns 20,537 shares of the investment management company’s stock valued at $564,000 after buying an additional 2,620 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Gladstone Capital by 3.7% in the first quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock worth $407,000 after acquiring an additional 534 shares in the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Wall Street Analyst Weigh In

GLAD has been the subject of several analyst reports. LADENBURG THALM/SH SH upgraded Gladstone Capital to a “hold” rating in a report on Wednesday, August 6th. B. Riley raised shares of Gladstone Capital to a “hold” rating in a research report on Monday, June 16th. Finally, Oppenheimer lifted their target price on shares of Gladstone Capital from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $24.50.

Gladstone Capital Price Performance

Shares of Gladstone Capital stock opened at $22.90 on Wednesday. The stock has a market cap of $511.36 million, a P/E ratio of 6.76 and a beta of 1.02. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.08 and a current ratio of 0.08. The stock’s fifty day moving average is $26.38 and its 200 day moving average is $26.36. Gladstone Capital Corporation has a one year low of $21.96 and a one year high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, August 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%.The business had revenue of $21.66 million during the quarter, compared to analyst estimates of $21.93 million. Sell-side analysts anticipate that Gladstone Capital Corporation will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The company also recently announced a special dividend, which will be paid on Monday, September 29th. Shareholders of record on Tuesday, September 23rd will be paid a dividend of $0.10 per share. The ex-dividend date is Tuesday, September 23rd. Gladstone Capital’s dividend payout ratio (DPR) is presently 58.41%.

Gladstone Capital Profile

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.