BidaskClub cut shares of Gladstone Capital (NASDAQ:GLAD) from a buy rating to a hold rating in a research report released on Friday.

A number of other equities analysts have also weighed in on the stock. National Securities reiterated a neutral rating and issued a $8.00 price objective on shares of Gladstone Capital in a research report on Monday, August 6th. Zacks Investment Research upgraded shares of Gladstone Capital from a hold rating to a buy rating and set a $11.00 price objective on the stock in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Gladstone Capital from a sell rating to a hold rating in a research report on Monday, July 16th. Finally, TheStreet upgraded shares of Gladstone Capital from a c+ rating to a b- rating in a research report on Tuesday, July 10th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of Hold and an average target price of $9.47.

NASDAQ:GLAD opened at $9.62 on Friday. Gladstone Capital has a 1-year low of $7.80 and a 1-year high of $9.92. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.93 and a current ratio of 2.93. The firm has a market capitalization of $266.05 million, a P/E ratio of 11.45 and a beta of 1.12.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Tuesday, July 31st. The investment management company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.01. Gladstone Capital had a net margin of 75.38% and a return on equity of 9.84%. The firm had revenue of $12.38 million for the quarter, compared to analyst estimates of $11.62 million. analysts forecast that Gladstone Capital will post 0.86 earnings per share for the current fiscal year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 28th. Investors of record on Wednesday, September 19th will be given a $0.07 dividend. The ex-dividend date of this dividend is Tuesday, September 18th. This represents a $0.84 dividend on an annualized basis and a yield of 8.73%. Gladstone Capital’s dividend payout ratio (DPR) is 100.00%.

A number of large investors have recently bought and sold shares of GLAD. JPMorgan Chase & Co. boosted its position in shares of Gladstone Capital by 8.0% during the 1st quarter. JPMorgan Chase & Co. now owns 91,192 shares of the investment management company’s stock worth $785,000 after purchasing an additional 6,792 shares in the last quarter. DnB Asset Management AS boosted its position in shares of Gladstone Capital by 10.3% during the 2nd quarter. DnB Asset Management AS now owns 62,001 shares of the investment management company’s stock worth $559,000 after purchasing an additional 5,800 shares in the last quarter. Mckinley Capital Management LLC Delaware boosted its position in shares of Gladstone Capital by 10.3% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 149,260 shares of the investment management company’s stock worth $1,343,000 after purchasing an additional 13,927 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Gladstone Capital during the 1st quarter worth $568,000. Finally, Legal & General Group Plc boosted its position in shares of Gladstone Capital by 15.9% during the 1st quarter. Legal & General Group Plc now owns 95,543 shares of the investment management company’s stock worth $823,000 after purchasing an additional 13,106 shares in the last quarter. Hedge funds and other institutional investors own 11.83% of the company’s stock.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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