Gladstone Capital Corporation (NASDAQ:GLAD) Given Consensus Rating of “Hold” by Brokerages

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

A number of brokerages have recently commented on GLAD. Zacks Research raised Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Gladstone Capital in a research note on Monday, December 29th. Finally, Jefferies Financial Group set a $21.00 price target on Gladstone Capital and gave the company a “hold” rating in a report on Friday, February 6th.

Hedge Funds Weigh In On Gladstone Capital

A number of large investors have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in shares of Gladstone Capital by 18.0% in the 4th quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock valued at $5,613,000 after purchasing an additional 41,484 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Gladstone Capital by 2.4% during the 3rd quarter. D.A. Davidson & CO. now owns 115,951 shares of the investment management company’s stock valued at $2,536,000 after buying an additional 2,711 shares during the period. Marshall Wace LLP increased its holdings in shares of Gladstone Capital by 1.0% during the 4th quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock worth $2,279,000 after buying an additional 1,041 shares during the last quarter. Two Sigma Investments LP increased its holdings in shares of 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 worth $1,958,000 after buying an additional 25,181 shares during the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in Gladstone Capital by 2.7% in the fourth quarter. Advisors Asset Management Inc. now owns 64,909 shares of the investment management company’s stock valued at $1,341,000 after acquiring an additional 1,727 shares during the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Down 1.3%

Shares of NASDAQ GLAD opened at $17.14 on Friday. Gladstone Capital has a 1 year low of $16.82 and a 1 year high of $29.50. The firm’s 50 day moving average price is $18.91 and its 200 day moving average price is $20.17. The firm has a market cap of $387.19 million, a P/E ratio of 10.78 and a beta of 0.95. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.05 and a current ratio of 0.05.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, February 4th. The investment management company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. Gladstone Capital had a return on equity of 9.56% and a net margin of 39.42%.The company had revenue of $24.51 million during the quarter, compared to the consensus estimate of $24.70 million. As a group, sell-side analysts anticipate that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, March 31st. Investors of record on Monday, March 23rd will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Monday, March 23rd. Gladstone Capital’s payout ratio is presently 113.21%.

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.