Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have been given a consensus rating of “Hold” by the six analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $9.08.

A number of analysts have recently commented on the company. BidaskClub downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Monday. Zacks Investment Research downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, May 30th. DA Davidson restated a “buy” rating and issued a $10.00 target price on shares of Gladstone Capital Corporation in a research note on Wednesday, March 29th. Hilliard Lyons upgraded Gladstone Capital Corporation from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $8.50 to $9.25 in a research report on Thursday, May 4th. Finally, National Securities reiterated a “sell” rating and set a $8.00 price target on shares of Gladstone Capital Corporation in a research report on Monday, May 8th.

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Institutional investors have recently modified their holdings of the company. WFG Advisors LP increased its position in shares of Gladstone Capital Corporation by 2.6% in the first quarter. WFG Advisors LP now owns 12,785 shares of the investment management company’s stock worth $121,000 after buying an additional 327 shares in the last quarter. Koshinski Asset Management Inc. increased its position in shares of Gladstone Capital Corporation by 3.9% in the second quarter. Koshinski Asset Management Inc. now owns 25,644 shares of the investment management company’s stock worth $252,000 after buying an additional 966 shares in the last quarter. Boston Partners increased its position in shares of Gladstone Capital Corporation by 2.0% in the first quarter. Boston Partners now owns 84,430 shares of the investment management company’s stock worth $801,000 after buying an additional 1,695 shares in the last quarter. Bard Associates Inc. increased its position in shares of Gladstone Capital Corporation by 7.3% in the first quarter. Bard Associates Inc. now owns 29,350 shares of the investment management company’s stock worth $279,000 after buying an additional 2,000 shares in the last quarter. Finally, Prospera Financial Services Inc increased its position in shares of Gladstone Capital Corporation by 9.8% in the first quarter. Prospera Financial Services Inc now owns 54,000 shares of the investment management company’s stock worth $504,000 after buying an additional 4,800 shares in the last quarter. Institutional investors own 15.96% of the company’s stock.

Gladstone Capital Corporation (NASDAQ GLAD) opened at 9.86 on Monday. Gladstone Capital Corporation has a 1-year low of $7.33 and a 1-year high of $10.12. The stock has a 50 day moving average price of $9.87 and a 200 day moving average price of $9.53.

Gladstone Capital Corporation (NASDAQ:GLAD) last issued its earnings results on Wednesday, May 3rd. The investment management company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. Gladstone Capital Corporation had a return on equity of 10.03% and a net margin of 82.86%. The firm had revenue of $8.79 million for the quarter, compared to the consensus estimate of $9.78 million. Analysts predict that Gladstone Capital Corporation will post $0.84 earnings per share for the current fiscal year.

The firm also recently declared a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Thursday, August 17th. This represents a $0.84 dividend on an annualized basis and a yield of 8.52%. Gladstone Capital Corporation’s dividend payout ratio is currently 62.22%.

Gladstone Capital Corporation Company Profile

Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.

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