Gladstone Capital (NASDAQ:GLAD) Upgraded at Zacks Research

Zacks Research upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a strong sell rating to a hold rating in a research report report published on Monday,Zacks.com reports.

A number of other analysts have also weighed in on the stock. Wall Street Zen lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. Oppenheimer raised shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and lowered their price target for the company from $26.00 to $22.00 in a report on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday. Finally, B. Riley upgraded Gladstone Capital from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $27.00 to $22.00 in a research note on Wednesday, November 19th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.00.

Gladstone Capital Stock Performance

Shares of GLAD stock opened at $21.41 on Monday. Gladstone Capital has a fifty-two week low of $18.76 and a fifty-two week high of $30.43. The firm has a market capitalization of $483.65 million, a PE ratio of 8.36 and a beta of 0.93. The stock’s 50-day simple moving average is $20.08 and its 200-day simple moving average is $24.17.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Monday, November 17th. The investment management company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Gladstone Capital had a return on equity of 9.48% and a net margin of 64.36%.The firm had revenue of $23.94 million for the quarter, compared to analyst estimates of $22.72 million. Sell-side analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Monday, December 22nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Monday, December 22nd. This represents a c) dividend on an annualized basis and a yield of 8.4%. Gladstone Capital’s payout ratio is presently 70.31%.

Institutional Investors Weigh In On Gladstone Capital

A number of institutional investors have recently modified their holdings of the business. UBS Group AG raised its holdings in Gladstone Capital by 37.5% in the 3rd quarter. UBS Group AG now owns 230,218 shares of the investment management company’s stock worth $5,035,000 after purchasing an additional 62,738 shares during the period. D.A. Davidson & CO. increased its position in shares of Gladstone Capital by 2.4% in the third quarter. D.A. Davidson & CO. now owns 115,951 shares of the investment management company’s stock valued at $2,536,000 after buying an additional 2,711 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Gladstone Capital by 39.1% during the 3rd quarter. Two Sigma Investments LP now owns 89,519 shares of the investment management company’s stock worth $1,958,000 after buying an additional 25,181 shares during the period. Advisors Asset Management Inc. lifted its position in shares of Gladstone Capital by 8.0% during the 1st quarter. Advisors Asset Management Inc. now owns 85,652 shares of the investment management company’s stock valued at $2,352,000 after buying an additional 6,321 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Gladstone Capital by 36.0% during the 3rd quarter. Raymond James Financial Inc. now owns 59,261 shares of the investment management company’s stock valued at $1,296,000 after buying an additional 15,681 shares in the last quarter. 10.72% of the stock is currently 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.