Wall Street brokerages expect Gladstone Capital Co. (NASDAQ:GLAD) to post sales of $12.00 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Gladstone Capital’s earnings. The lowest sales estimate is $11.95 million and the highest is $12.05 million. Gladstone Capital posted sales of $10.83 million during the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The firm is expected to issue its next earnings results on Monday, November 19th.

According to Zacks, analysts expect that Gladstone Capital will report full year sales of $46.33 million for the current financial year, with estimates ranging from $46.28 million to $46.37 million. For the next year, analysts expect that the business will report sales of $50.32 million per share, with estimates ranging from $49.65 million to $50.99 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Gladstone Capital.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Tuesday, July 31st. The investment management company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. The firm had revenue of $12.38 million for the quarter, compared to analyst estimates of $11.62 million. Gladstone Capital had a net margin of 75.38% and a return on equity of 9.84%.

GLAD has been the topic of a number of recent research reports. National Securities restated a “neutral” rating and set a $8.00 price target on shares of Gladstone Capital in a research report on Monday, May 7th. Zacks Investment Research lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a report on Wednesday, May 9th. ValuEngine lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Friday, June 22nd. TheStreet upgraded shares of Gladstone Capital from a “c+” rating to a “b-” rating in a report on Tuesday, July 10th. Finally, BidaskClub upgraded shares of Gladstone Capital from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 11th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Gladstone Capital presently has a consensus rating of “Buy” and an average target price of $9.47.

GLAD traded up $0.13 on Thursday, reaching $9.86. 157,000 shares of the company’s stock were exchanged, compared to its average volume of 117,369. The firm has a market capitalization of $270.50 million, a PE ratio of 11.61 and a beta of 1.12. Gladstone Capital has a twelve month low of $7.80 and a twelve month high of $9.92. The company has a current ratio of 2.93, a quick ratio of 2.93 and a debt-to-equity ratio of 0.48.

The company also recently announced a monthly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, September 19th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 18th. This represents a $0.84 annualized dividend and a yield of 8.52%. Gladstone Capital’s payout ratio is 100.00%.

A number of large investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its holdings in Gladstone Capital by 42.8% in the 2nd quarter. Advisors Asset Management Inc. now owns 308,212 shares of the investment management company’s stock valued at $2,774,000 after purchasing an additional 92,447 shares during the last quarter. Cornerstone Wealth Management LLC boosted its holdings in Gladstone Capital by 807.0% in the 2nd quarter. Cornerstone Wealth Management LLC now owns 227,238 shares of the investment management company’s stock valued at $25,054,000 after purchasing an additional 202,184 shares during the last quarter. Van ECK Associates Corp boosted its holdings in Gladstone Capital by 2.7% in the 2nd quarter. Van ECK Associates Corp now owns 202,100 shares of the investment management company’s stock valued at $1,819,000 after purchasing an additional 5,304 shares during the last quarter. LPL Financial LLC boosted its holdings in Gladstone Capital by 14.0% in the 1st quarter. LPL Financial LLC now owns 197,186 shares of the investment management company’s stock valued at $1,696,000 after purchasing an additional 24,261 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in Gladstone Capital by 9.6% in the 4th quarter. BlackRock Inc. now owns 158,482 shares of the investment management company’s stock valued at $1,460,000 after purchasing an additional 13,888 shares during the last quarter. Institutional investors own 11.88% of the company’s stock.

Gladstone Capital Company Profile

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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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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