Analysts Set Gladstone Capital Corporation (NASDAQ:GLAD) Price Target at $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $21.6667.

A number of brokerages have recently issued reports on GLAD. Zacks Research raised shares of Gladstone Capital from a “strong sell” rating to a “hold” rating in a research note on Monday, December 8th. Wall Street Zen cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Saturday. Jefferies Financial Group set a $21.00 target price on shares of Gladstone Capital and gave the stock a “hold” rating in a report on Friday, February 6th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th.

Institutional Trading of Gladstone Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. Atlantic Union Bankshares Corp purchased a new position in Gladstone Capital in the 3rd quarter worth approximately $31,000. Garner Asset Management Corp purchased a new stake in Gladstone Capital during the 4th quarter valued at approximately $36,000. Steward Partners Investment Advisory LLC purchased a new stake in Gladstone Capital during the 2nd quarter valued at approximately $37,000. WFA of San Diego LLC bought a new stake in shares of Gladstone Capital during the second quarter valued at approximately $42,000. Finally, JPMorgan Chase & Co. bought a new stake in shares of Gladstone Capital during the second quarter valued at approximately $46,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Performance

Shares of NASDAQ:GLAD opened at $16.55 on Friday. The stock has a 50 day moving average of $18.82 and a 200 day moving average of $20.06. The company has a market cap of $373.86 million, a PE ratio of 10.41 and a beta of 0.95. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.45. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The company had revenue of $24.51 million during the quarter, compared to analyst estimates of $24.70 million. As a group, equities research analysts expect that Gladstone Capital will post 2.03 EPS for the current year.

Gladstone Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 10.9%. Gladstone Capital’s dividend payout ratio is 113.21%.

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.