Gladstone Capital (NASDAQ:GLAD) Lowered to “Sell” at StockNews.com

StockNews.com downgraded shares of Gladstone Capital (NASDAQ:GLAD) from a hold rating to a sell rating in a report published on Monday.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD opened at $21.21 on Monday. The firm’s 50 day moving average is $20.55 and its two-hundred day moving average is $20.55. Gladstone Capital has a 52 week low of $18.38 and a 52 week high of $22.56. The firm has a market capitalization of $461.32 million, a P/E ratio of 7.36 and a beta of 1.25. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). The company had revenue of $23.22 million during the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. Analysts anticipate that Gladstone Capital will post 2.2 earnings per share for the current year.

Gladstone Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s payout ratio is 68.75%.

Institutional Trading of Gladstone Capital

Large investors have recently added to or reduced their stakes in the business. Quadrature Capital Ltd boosted its holdings in Gladstone Capital by 841.0% during the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock worth $1,801,000 after buying an additional 166,935 shares in the last quarter. LPL Financial LLC boosted its holdings in Gladstone Capital by 4.3% during the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock worth $3,503,000 after buying an additional 15,119 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in Gladstone Capital during the third quarter worth approximately $881,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gladstone Capital during the third quarter worth approximately $138,000. Finally, Trexquant Investment LP boosted its holdings in Gladstone Capital by 297.8% during the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock worth $633,000 after buying an additional 49,127 shares in the last quarter. 10.72% of the stock is currently owned by institutional investors.

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.