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

Gladstone Capital Corporation (NASDAQ:GLAD) has been assigned an average rating of “Hold” from the five research firms that are presently covering the stock, Marketbeat.com reports. Three 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 analysts that have issued a report on the stock in the last year is $21.6667.

Separately, Weiss Ratings raised shares of Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd.

Gladstone Capital Price Performance

Shares of GLAD opened at $19.65 on Friday. Gladstone Capital has a 1-year low of $16.54 and a 1-year high of $23.67. The company has a 50-day moving average of $19.59 and a 200 day moving average of $19.01. The firm has a market capitalization of $443.89 million, a price-to-earnings ratio of 9.54 and a beta of 0.93.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The company had revenue of $24.50 million during the quarter, compared to analysts’ expectations of $24.90 million. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. On average, equities analysts anticipate that Gladstone Capital will post 1.99 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently disclosed a special dividend, which was paid on Wednesday, September 16th. Investors of record on Thursday, September 10th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 10th. Gladstone Capital’s dividend payout ratio is 87.38%.

Institutional Investors Weigh In On Gladstone Capital

A number of institutional investors and hedge funds have recently bought and sold shares of the company. UBS Group AG grew its position in shares of Gladstone Capital by 18.0% during the 4th quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock worth $5,613,000 after buying an additional 41,484 shares in the last quarter. Closed End Fund Advisors Inc. bought a new stake in shares of Gladstone Capital in the fourth quarter valued at about $551,000. Miller Global Investments LLC purchased a new stake in Gladstone Capital in the second quarter worth about $311,000. Entropy Technologies LP purchased a new stake in Gladstone Capital in the first quarter worth about $179,000. Finally, Sunbelt Securities Inc. bought a new position in Gladstone Capital during the 1st quarter worth about $142,000. 10.72% of the stock is owned by institutional investors.

About Gladstone Capital

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market companies in the United States. The company primarily seeks to support established businesses with debt and equity capital, often working with companies that may have limited access to traditional bank financing.

Its investment activities generally include senior and subordinated secured loans, unsecured debt, and equity investments. Gladstone Capital may provide financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.