Gladstone Capital Corporation (NASDAQ:GLAD) Receives Average Recommendation of “Hold” from Analysts

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have received an average rating of “Hold” from the five research firms that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $22.00.

A number of research analysts recently commented on the stock. Oppenheimer upgraded shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and decreased their price target for the company from $26.00 to $22.00 in a research note on Wednesday, November 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday. Zacks Research raised Gladstone Capital from a “strong sell” rating to a “hold” rating in a report on Monday, December 8th. B. Riley raised Gladstone Capital from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $27.00 to $22.00 in a report on Wednesday, November 19th. Finally, Wall Street Zen cut Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Saturday, November 22nd.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Good Life Advisors LLC raised its position in Gladstone Capital by 3.7% during the second quarter. Good Life Advisors LLC now owns 11,307 shares of the investment management company’s stock valued at $305,000 after purchasing an additional 403 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Gladstone Capital by 1.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock worth $792,000 after buying an additional 456 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Gladstone Capital by 3.7% during the 1st quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company’s stock worth $407,000 after buying an additional 534 shares during the last quarter. Belpointe Asset Management LLC lifted its position in shares of Gladstone Capital by 13.5% during the 2nd quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock worth $228,000 after buying an additional 1,008 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its stake in Gladstone Capital by 134.2% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,766 shares of the investment management company’s stock valued at $48,000 after buying an additional 1,012 shares in the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Price Performance

Shares of Gladstone Capital stock opened at $21.08 on Wednesday. The business has a fifty day simple moving average of $20.09 and a two-hundred day simple moving average of $24.00. Gladstone Capital has a 1 year low of $18.76 and a 1 year high of $30.43. The company has a market capitalization of $476.20 million, a price-to-earnings ratio of 8.23 and a beta of 0.93.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Monday, November 17th. The investment management company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $23.94 million for the quarter, compared to the consensus estimate of $22.72 million. Gladstone Capital had a net margin of 64.36% and a return on equity of 9.48%. As a group, equities analysts anticipate that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The firm 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 8.5%. Gladstone Capital’s payout ratio is currently 70.31%.

Gladstone Capital Company 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.