Gladstone Capital Corporation (NASDAQ:GLAD) Given Average Rating of “Hold” by Analysts

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the company, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $22.00.

Several analysts recently weighed in on GLAD shares. Oppenheimer upgraded Gladstone Capital from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $26.00 to $22.00 in a research note on Wednesday, November 19th. B. Riley raised Gladstone Capital from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $27.00 to $22.00 in a research report on Wednesday, November 19th. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th.

Institutional Trading of Gladstone Capital

A number of institutional investors and hedge funds have recently modified their holdings of GLAD. Goldman Sachs Group Inc. raised its stake in shares of Gladstone Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after purchasing an additional 456 shares in the last quarter. Focus Partners Wealth bought a new stake in shares of Gladstone Capital in the 1st quarter valued at approximately $220,000. Belpointe Asset Management LLC acquired a new position in shares of Gladstone Capital in the 1st quarter worth approximately $204,000. CWM LLC bought a new position in shares of Gladstone Capital during the 2nd quarter worth approximately $32,000. Finally, First Horizon Advisors Inc. acquired a new stake in Gladstone Capital in the 2nd quarter valued at $44,000. 10.72% of the stock is currently owned by institutional investors.

Gladstone Capital Trading Up 0.5%

NASDAQ:GLAD opened at $20.91 on Friday. The firm has a market capitalization of $472.42 million, a PE ratio of 8.17 and a beta of 0.93. Gladstone Capital has a 1 year low of $18.76 and a 1 year high of $30.43. The firm’s fifty day simple moving average is $20.45 and its 200 day simple moving average is $23.25.

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

Gladstone Capital Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Wednesday, December 31st. Investors of record on Monday, December 22nd were paid a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 8.6%. The ex-dividend date was Monday, December 22nd. Gladstone Capital’s payout ratio is currently 70.31%.

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.