Shares of Gladstone Capital Co. (NASDAQ:GLAD) have been assigned a consensus rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $9.16.
A number of equities research analysts have recently commented on GLAD shares. Zacks Investment Research lowered Gladstone Capital from a “hold” rating to a “sell” rating in a research report on Monday, November 27th. National Securities reaffirmed a “sell” rating and set a $8.00 price target on shares of Gladstone Capital in a research report on Wednesday, November 22nd. Ladenburg Thalmann Financial Services started coverage on Gladstone Capital in a research report on Friday, October 6th. They set a “neutral” rating on the stock. Finally, Wedbush started coverage on Gladstone Capital in a research report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price target on the stock.
Gladstone Capital (NASDAQ GLAD) traded up $0.02 during trading hours on Monday, reaching $9.31. The company’s stock had a trading volume of 88,500 shares, compared to its average volume of 223,279. Gladstone Capital has a 1 year low of $8.67 and a 1 year high of $10.12. The company has a quick ratio of 4.33, a current ratio of 4.33 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $247.95, a price-to-earnings ratio of 13.90 and a beta of 1.23.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, November 20th. The investment management company reported $0.21 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.21. The company had revenue of $10.83 million for the quarter, compared to analyst estimates of $10.72 million. Gladstone Capital had a return on equity of 9.94% and a net margin of 43.78%. sell-side analysts expect that Gladstone Capital will post 0.86 EPS for the current year.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be given a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.02%. The ex-dividend date is Thursday, February 15th. Gladstone Capital’s dividend payout ratio is currently 125.37%.
In other news, President Robert L. Marcotte acquired 8,200 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of $9.40 per share, for a total transaction of $77,080.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Walter H. Wilkinson acquired 6,134 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average price of $9.79 per share, with a total value of $60,051.86. Following the completion of the acquisition, the director now owns 13,517 shares of the company’s stock, valued at approximately $132,331.43. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 22,334 shares of company stock worth $215,692. 5.89% of the stock is currently owned by insiders.
Several large investors have recently bought and sold shares of GLAD. Legal & General Group Plc grew its holdings in shares of Gladstone Capital by 4.5% during the second quarter. Legal & General Group Plc now owns 61,669 shares of the investment management company’s stock worth $607,000 after buying an additional 2,634 shares in the last quarter. CIBC World Markets Inc. bought a new position in shares of Gladstone Capital during the second quarter worth about $114,000. Financial Counselors Inc. bought a new position in shares of Gladstone Capital during the second quarter worth about $162,000. Van ECK Associates Corp grew its holdings in shares of Gladstone Capital by 13.5% during the second quarter. Van ECK Associates Corp now owns 221,397 shares of the investment management company’s stock worth $2,176,000 after buying an additional 26,262 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of Gladstone Capital during the second quarter worth about $299,000. Institutional investors and hedge funds own 14.34% of the company’s stock.
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Gladstone Capital Company Profile
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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