Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have received an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $9.16.
Several equities research analysts have weighed in on GLAD shares. BidaskClub downgraded shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Monday, July 17th. National Securities restated a “sell” rating and issued a $8.00 target price on shares of Gladstone Capital Corporation in a research note on Tuesday, September 26th. Wedbush started coverage on shares of Gladstone Capital Corporation in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 target price for the company. Zacks Investment Research downgraded shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Ladenburg Thalmann Financial Services started coverage on shares of Gladstone Capital Corporation in a research note on Friday, October 6th. They issued a “neutral” rating for the company.
Gladstone Capital Corporation (NASDAQ GLAD) traded down 0.20% during trading on Wednesday, reaching $9.74. The company had a trading volume of 92,051 shares. Gladstone Capital Corporation has a 12-month low of $7.33 and a 12-month high of $10.12. The stock has a 50 day moving average of $9.48 and a 200-day moving average of $9.68.
Gladstone Capital Corporation (NASDAQ:GLAD) last announced its earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $9.63 million during the quarter, compared to the consensus estimate of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. On average, equities analysts forecast that Gladstone Capital Corporation will post $0.80 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Tuesday, December 19th will be paid a dividend of $0.07 per share. The ex-dividend date is Monday, December 18th. This represents a $0.84 annualized dividend and a dividend yield of 8.62%. Gladstone Capital Corporation’s payout ratio is currently 62.22%.
In related news, President Robert L. Marcotte acquired 4,000 shares of the stock in a transaction dated Thursday, August 31st. The stock was acquired at an average cost of $9.22 per share, for a total transaction of $36,880.00. Following the completion of the purchase, the president now owns 370,720 shares of the company’s stock, valued at approximately $3,418,038.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders own 6.45% of the company’s stock.
Several large investors have recently bought and sold shares of GLAD. Bank of Montreal Can acquired a new stake in shares of Gladstone Capital Corporation during the second quarter worth $1,946,000. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Gladstone Capital Corporation during the second quarter worth $1,200,000. UBS Group AG lifted its stake in shares of Gladstone Capital Corporation by 20.1% during the first quarter. UBS Group AG now owns 612,522 shares of the investment management company’s stock worth $5,813,000 after buying an additional 102,605 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Gladstone Capital Corporation during the second quarter worth $542,000. Finally, Goldman Sachs Group Inc. acquired a new stake in shares of Gladstone Capital Corporation during the second quarter worth $415,000. Institutional investors and hedge funds own 14.45% of the company’s stock.
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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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