Media headlines about Gladstone Capital (NASDAQ:GLAD) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gladstone Capital earned a coverage optimism score of 0.08 on Accern’s scale. Accern also assigned news stories about the investment management company an impact score of 45.4666625721459 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
Several brokerages recently weighed in on GLAD. ValuEngine downgraded shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. Zacks Investment Research downgraded shares of Gladstone Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. Finally, National Securities reiterated a “neutral” rating and issued a $8.00 price target on shares of Gladstone Capital in a report on Monday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $9.05.
Gladstone Capital traded up $0.06, hitting $9.13, during midday trading on Tuesday, MarketBeat reports. The company’s stock had a trading volume of 45,700 shares, compared to its average volume of 118,683. Gladstone Capital has a fifty-two week low of $7.80 and a fifty-two week high of $9.95. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.55. The company has a market cap of $242.08 million, a PE ratio of 10.87 and a beta of 1.13.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, May 2nd. The investment management company reported $0.21 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a net margin of 66.28% and a return on equity of 9.87%. The company had revenue of $11.09 million for the quarter, compared to the consensus estimate of $11.60 million. equities research analysts predict that Gladstone Capital will post 0.85 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which was paid on Friday, June 29th. Investors of record on Wednesday, June 20th were issued a $0.07 dividend. The ex-dividend date of this dividend was Tuesday, June 19th. This represents a $0.84 annualized dividend and a yield of 9.20%. Gladstone Capital’s dividend payout ratio (DPR) is presently 100.00%.
In other Gladstone Capital news, President Robert L. Marcotte purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 8th. The shares were bought at an average price of $8.91 per share, for a total transaction of $89,100.00. Following the acquisition, the president now owns 423,264 shares in the company, valued at $3,771,282.24. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 5.89% of the stock is currently owned by corporate insiders.
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.
Receive News & Ratings for Gladstone Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gladstone Capital and related companies with MarketBeat.com's FREE daily email newsletter.