Wall Street brokerages expect Gladstone Capital Co. (NASDAQ:GLAD) to announce $11.60 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Gladstone Capital’s earnings, with estimates ranging from $11.41 million to $11.79 million. Gladstone Capital posted sales of $8.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32%. The business is scheduled to report its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Gladstone Capital will report full year sales of $11.60 million for the current fiscal year, with estimates ranging from $46.53 million to $46.98 million. For the next financial year, analysts anticipate that the company will post sales of $50.86 million per share, with estimates ranging from $48.56 million to $53.16 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Monday, February 5th. The investment management company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The firm had revenue of $10.86 million for the quarter, compared to analyst estimates of $10.72 million. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%.
Several equities analysts recently weighed in on GLAD shares. Ladenburg Thalmann Financial Services raised shares of Gladstone Capital from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. TheStreet lowered shares of Gladstone Capital from a “b” rating to a “c+” rating in a research report on Tuesday, February 6th. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. National Securities raised shares of Gladstone Capital from a “sell” rating to a “neutral” rating and set a $8.00 price target on the stock in a research report on Tuesday, February 6th. Finally, ValuEngine raised shares of Gladstone Capital from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $9.16.
Gladstone Capital (NASDAQ:GLAD) opened at $8.89 on Friday. The firm has a market cap of $236.76, a P/E ratio of 9.88 and a beta of 1.11. The company has a current ratio of 5.96, a quick ratio of 5.96 and a debt-to-equity ratio of 0.58. Gladstone Capital has a 52-week low of $7.80 and a 52-week high of $10.12.
The company also recently declared a monthly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th were given a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.45%. The ex-dividend date of this dividend was Thursday, February 15th. Gladstone Capital’s dividend payout ratio is 93.33%.
In other news, President Robert L. Marcotte purchased 8,200 shares of the company’s stock in a transaction dated Friday, December 15th. The shares were bought at an average price of $9.40 per share, with a total value of $77,080.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Robert L. Marcotte purchased 11,400 shares of the company’s stock in a transaction dated Thursday, February 8th. The stock was purchased at an average cost of $9.04 per share, for a total transaction of $103,056.00. Following the transaction, the president now owns 405,517 shares of the company’s stock, valued at $3,665,873.68. The disclosure for this purchase can be found here. In the last three months, insiders bought 21,929 shares of company stock worth $201,244. Insiders own 5.89% of the company’s stock.
Large investors have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. acquired a new stake in shares of Gladstone Capital in the second quarter worth $415,000. D.A. Davidson & CO. grew its stake in shares of Gladstone Capital by 142.9% in the third quarter. D.A. Davidson & CO. now owns 22,271 shares of the investment management company’s stock worth $211,000 after acquiring an additional 13,104 shares during the last quarter. Legal & General Group Plc grew its stake in shares of Gladstone Capital by 22.5% in the third quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock worth $717,000 after acquiring an additional 13,875 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Capital by 9.5% in the third quarter. JPMorgan Chase & Co. now owns 87,117 shares of the investment management company’s stock worth $820,000 after acquiring an additional 7,586 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new stake in shares of Gladstone Capital in the third quarter worth $151,000. 13.68% of the stock is currently owned by institutional investors.
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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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