Gladstone Capital (NASDAQ:GLAD) Upgraded at Wall Street Zen

Gladstone Capital (NASDAQ:GLAD) was upgraded by research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued on Saturday.

GLAD has been the topic of a number of other reports. Zacks Research raised Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. B. Riley raised Gladstone Capital from a “neutral” rating to a “buy” rating and reduced their target price for the company from $27.00 to $22.00 in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday. Finally, Oppenheimer raised 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 research report on Wednesday, November 19th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.00.

Gladstone Capital Trading Down 0.9%

GLAD stock opened at $20.64 on Friday. The stock has a market capitalization of $466.26 million, a P/E ratio of 8.06 and a beta of 0.93. The firm has a 50-day moving average price of $20.15 and a 200-day moving average price of $23.92. Gladstone Capital has a 12 month low of $18.76 and a 12 month high of $30.43.

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

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of GLAD. Good Life Advisors LLC boosted its stake 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 worth $305,000 after acquiring an additional 403 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Gladstone Capital by 1.6% in 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 during the last quarter. Belpointe Asset Management LLC boosted its holdings in Gladstone Capital by 13.5% in the second quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock worth $228,000 after purchasing an additional 1,008 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position 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 worth $48,000 after purchasing an additional 1,012 shares during the last quarter. Finally, CWM LLC grew its position in shares of Gladstone Capital by 89.2% during the 3rd quarter. CWM LLC now owns 2,246 shares of the investment management company’s stock valued at $49,000 after acquiring an additional 1,059 shares during the period. 10.72% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.