Gladstone Capital Corporation (NASDAQ:GLAD) Given Average Rating of “Hold” by Analysts

Gladstone Capital Corporation (NASDAQ:GLAD) has been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $21.6667.

Several equities analysts have recently weighed in on GLAD shares. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th.

Gladstone Capital Stock Up 0.9%

NASDAQ GLAD opened at $19.13 on Wednesday. The company has a 50-day moving average price of $18.82 and a 200-day moving average price of $19.42. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $29.50. The firm has a market capitalization of $432.15 million, a P/E ratio of 10.45 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. The firm had revenue of $25.99 million for the quarter, compared to analysts’ expectations of $25.19 million. As a group, equities research analysts anticipate that Gladstone Capital will post 2.01 EPS for the current year.

Gladstone Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd will be paid a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 9.4%. The ex-dividend date is Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio is 98.36%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Garner Asset Management Corp bought a new position in shares of Gladstone Capital during the 4th quarter valued at approximately $36,000. WFA of San Diego LLC bought a new position in shares of Gladstone Capital during the 2nd quarter valued at approximately $42,000. JPMorgan Chase & Co. bought a new position in shares of Gladstone Capital during the 2nd quarter valued at approximately $46,000. Larson Financial Group LLC grew its stake in shares of Gladstone Capital by 380.0% during the 3rd quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock valued at $52,000 after acquiring an additional 1,900 shares during the period. Finally, Advisory Services Network LLC bought a new position in shares of Gladstone Capital during the 3rd quarter valued at approximately $74,000. 10.72% of the stock is currently owned by institutional investors.

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.