Gladstone Capital (NASDAQ:GLAD) Announces Earnings Results, Misses Expectations By $0.31 EPS

Gladstone Capital (NASDAQ:GLAD) issued its quarterly earnings results on Wednesday. The investment management company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.31), Zacks reports. The company had revenue of $24.00 million for the quarter, compared to analyst estimates of $24.08 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. During the same period last year, the company posted $0.52 EPS.

Gladstone Capital Trading Down 2.4 %

GLAD traded down $0.53 during trading on Thursday, hitting $21.24. 270,163 shares of the company’s stock were exchanged, compared to its average volume of 147,808. Gladstone Capital has a 1 year low of $18.38 and a 1 year high of $22.56. The stock has a 50 day moving average price of $20.71 and a 200 day moving average price of $20.65. The firm has a market cap of $461.97 million, a P/E ratio of 7.50 and a beta of 1.23. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.98 annualized dividend and a yield of 9.32%. Gladstone Capital’s payout ratio is 68.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Tuesday.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.