Gladstone Capital (NASDAQ:GLAD – Get Free Report) released its quarterly earnings results on Wednesday. The investment management company reported $0.25 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.31), Zacks reports. The firm had revenue of $24.00 million for the quarter, compared to the consensus estimate of $24.08 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. During the same period in the previous year, the company earned $0.52 earnings per share.
Gladstone Capital Stock Performance
GLAD traded down $0.53 during midday trading on Thursday, reaching $21.24. The company had a trading volume of 270,163 shares, compared to its average volume of 147,808. Gladstone Capital has a 1 year low of $18.38 and a 1 year high of $22.56. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.20. The company has a market cap of $461.97 million, a P/E ratio of 7.50 and a beta of 1.23. The business has a 50-day moving average of $20.71 and a two-hundred day moving average of $20.65.
Gladstone Capital Announces Dividend
The business also recently declared a monthly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 19th will be issued a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a yield of 9.32%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is presently 68.75%.
Wall Street Analyst Weigh In
Check Out Our Latest Stock Report on Gladstone Capital
About Gladstone Capital
Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche 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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