Brokerages Set Gladstone Capital Corporation (NASDAQ:GLAD) Target Price at $21.67

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have received a consensus rating of “Hold” from the five research firms that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $21.6667.

Several research firms have issued reports on GLAD. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a report on Thursday, July 2nd. Finally, B. Riley Financial reissued a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th.

Gladstone Capital Trading Down 1.4%

Shares of Gladstone Capital stock opened at $19.08 on Thursday. The firm has a market capitalization of $431.02 million, a PE ratio of 9.26 and a beta of 0.92. Gladstone Capital has a 12 month low of $16.54 and a 12 month high of $27.59. The business’s 50-day moving average price is $19.27 and its 200-day moving average price is $18.97.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. The company had revenue of $24.50 million during the quarter, compared to the consensus estimate of $24.90 million. Gladstone Capital had a return on equity of 9.70% and a net margin of 50.48%. As a group, analysts predict that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 9.4%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Capital’s payout ratio is 98.36%.

Institutional Trading of Gladstone Capital

Several hedge funds and other institutional investors have recently bought and sold shares of GLAD. UBS Group AG grew its holdings in shares of Gladstone Capital by 18.0% in the fourth quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock worth $5,613,000 after purchasing an additional 41,484 shares during the last quarter. Marshall Wace LLP raised its holdings in Gladstone Capital by 1.0% during the 4th quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock valued at $2,279,000 after buying an additional 1,041 shares during the last quarter. Two Sigma Investments LP raised its holdings in Gladstone Capital by 39.1% during the 3rd quarter. Two Sigma Investments LP now owns 89,519 shares of the investment management company’s stock valued at $1,958,000 after buying an additional 25,181 shares during the last quarter. Advisors Asset Management Inc. boosted its position in Gladstone Capital by 2.7% during the 4th quarter. Advisors Asset Management Inc. now owns 64,909 shares of the investment management company’s stock valued at $1,341,000 after buying an additional 1,727 shares during the period. Finally, Legacy Capital Wealth Partners LLC boosted its position in Gladstone Capital by 15.7% during the 4th quarter. Legacy Capital Wealth Partners LLC now owns 60,644 shares of the investment management company’s stock valued at $1,253,000 after buying an additional 8,237 shares during the period. Institutional investors own 10.72% of the company’s stock.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.