Gladstone Capital Corporation (GLAD) – What Are Brokerages Thinking About This Stock?

Gladstone Capital Corporation (NASDAQ:GLAD) has received a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.67.

A number of research firms have recently issued reports on GLAD. Weiss Ratings lowered shares of Gladstone Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. ATB Cormark Capital Markets upgraded Gladstone Capital to a “moderate buy” rating in a research note on Thursday, October 8th.

Hedge Funds Weigh In On Gladstone Capital

Institutional investors have recently modified their holdings of the company. Fortress Financial Solutions LLC bought a new position in Gladstone Capital in the 3rd quarter worth about $263,000. B. Riley Wealth Advisors Inc. increased its position in shares of Gladstone Capital by 66.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company’s stock valued at $4,327,000 after purchasing an additional 89,446 shares during the period. Miller Global Investments LLC raised its position in Gladstone Capital by 200.8% in the third quarter. Miller Global Investments LLC now owns 48,139 shares of the investment management company’s stock worth $926,000 after acquiring an additional 32,136 shares in the last quarter. Sunbelt Securities Inc. bought a new stake in shares of Gladstone Capital in the 1st quarter worth approximately $142,000. Finally, Entropy Technologies LP bought a new position in shares of Gladstone Capital in the first quarter valued at $179,000. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Performance

GLAD opened at $18.50 on Tuesday. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $21.73. The firm has a 50 day moving average price of $19.47 and a 200 day moving average price of $19.22. The company has a market cap of $417.92 million, a PE ratio of 8.98 and a beta of 0.94.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The business had revenue of $24.50 million for the quarter, compared to the consensus estimate of $24.90 million. On average, sell-side analysts predict that Gladstone Capital will post 1.99 earnings per share for the current year.

Gladstone Capital Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a $0.15 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Monday, December 21st. Gladstone Capital’s payout ratio is presently 87.38%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market businesses in the United States. The company seeks to support established companies across a range of industries, typically working with businesses that may require flexible capital solutions to fund growth, acquisitions, recapitalizations, refinancings, or other strategic initiatives.

Its investment portfolio primarily consists of secured debt investments, including first-lien and second-lien loans, as well as subordinated debt and equity investments.