Gladstone Capital Corporation (NASDAQ:GLAD) announced a oct 17 dividend on Tuesday, October 10th, RTT News reports. Investors of record on Friday, October 20th will be given a dividend of 0.07 per share by the investment management company on Tuesday, October 31st. This represents a yield of 8.78%. The ex-dividend date of this dividend is Thursday, October 19th.
Shares of Gladstone Capital Corporation (NASDAQ GLAD) opened at 9.76 on Friday. Gladstone Capital Corporation has a 12-month low of $7.33 and a 12-month high of $10.12. The company has a 50-day moving average of $9.45 and a 200 day moving average of $9.67.
Gladstone Capital Corporation (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%. The firm had revenue of $9.63 million during the quarter, compared to the consensus estimate of $10.30 million. Analysts expect that Gladstone Capital Corporation will post $0.80 earnings per share for the current fiscal year.
In other Gladstone Capital Corporation news, President Robert L. Marcotte acquired 4,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were acquired at an average price of $9.22 per share, for a total transaction of $36,880.00. Following the completion of the acquisition, the president now directly owns 370,720 shares of the company’s stock, valued at $3,418,038.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 6.45% of the stock is owned by company insiders.
Several research firms have weighed in on GLAD. Ladenburg Thalmann Financial Services began coverage on Gladstone Capital Corporation in a research report on Friday, October 6th. They set a “neutral” rating for the company. Zacks Investment Research downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. National Securities reissued a “sell” rating and set a $8.00 price target on shares of Gladstone Capital Corporation in a research report on Monday, August 7th. BidaskClub downgraded Gladstone Capital Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Finally, Wedbush began coverage on Gladstone Capital Corporation in a research report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price target for the company. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $9.16.
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About Gladstone Capital Corporation
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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