Gladstone Capital Co. (GLAD) Given Consensus Rating of “Hold” by Analysts

Gladstone Capital Co. (NASDAQ:GLAD) has been given an average rating of “Hold” by the six research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $8.00.

GLAD has been the subject of a number of research analyst reports. Zacks Investment Research lowered Gladstone Capital from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. BidaskClub lowered Gladstone Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 21st. National Securities reaffirmed a “neutral” rating and issued a $8.00 price target on shares of Gladstone Capital in a research note on Monday, August 6th. ValuEngine raised Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Monday, July 16th. Finally, TheStreet raised Gladstone Capital from a “c+” rating to a “b-” rating in a research note on Tuesday, July 10th.

Hedge funds have recently made changes to their positions in the stock. California Public Employees Retirement System lifted its stake in Gladstone Capital by 18.5% in the second quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock worth $398,000 after acquiring an additional 6,900 shares during the period. DnB Asset Management AS lifted its stake in Gladstone Capital by 10.3% in the second quarter. DnB Asset Management AS now owns 62,001 shares of the investment management company’s stock worth $559,000 after acquiring an additional 5,800 shares during the period. Millennium Management LLC purchased a new stake in Gladstone Capital in the first quarter worth $568,000. JPMorgan Chase & Co. lifted its stake in Gladstone Capital by 8.0% in the first quarter. JPMorgan Chase & Co. now owns 91,192 shares of the investment management company’s stock worth $785,000 after acquiring an additional 6,792 shares during the period. Finally, Legal & General Group Plc lifted its stake in Gladstone Capital by 15.9% in the first quarter. Legal & General Group Plc now owns 95,543 shares of the investment management company’s stock worth $823,000 after acquiring an additional 13,106 shares during the period. 12.06% of the stock is owned by institutional investors.

NASDAQ:GLAD opened at $9.20 on Friday. The company has a market cap of $255.77 million, a PE ratio of 10.95 and a beta of 1.03. Gladstone Capital has a fifty-two week low of $7.80 and a fifty-two week high of $9.92. The company has a quick ratio of 2.93, a current ratio of 2.93 and a debt-to-equity ratio of 0.48.

The firm also recently declared a monthly dividend, which was paid on Wednesday, October 31st. Investors of record on Friday, October 19th were paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date was Thursday, October 18th. Gladstone Capital’s payout ratio is 100.00%.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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