BidaskClub upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a research report report published on Friday, BidAskClub reports.

Several other brokerages have also recently weighed in on GLAD. ValuEngine raised shares of Gladstone Capital from a sell rating to a hold rating in a research note on Wednesday, January 15th. Zacks Investment Research cut shares of Gladstone Capital from a hold rating to a sell rating in a research note on Wednesday, January 8th. Finally, TheStreet raised shares of Gladstone Capital from a c rating to a b rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $8.50.

NASDAQ GLAD opened at $10.38 on Friday. The stock has a market cap of $316.49 million, a P/E ratio of 15.26 and a beta of 1.11. The company’s 50-day simple moving average is $10.22 and its 200 day simple moving average is $9.80. Gladstone Capital has a twelve month low of $8.03 and a twelve month high of $10.69. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.27.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, November 13th. The investment management company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The business had revenue of $12.72 million during the quarter, compared to the consensus estimate of $12.66 million. Gladstone Capital had a net margin of 39.71% and a return on equity of 10.26%. Research analysts anticipate that Gladstone Capital will post 0.84 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 20th will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, March 19th. This represents a $0.84 annualized dividend and a yield of 8.09%. Gladstone Capital’s dividend payout ratio is 100.00%.

Institutional investors have recently modified their holdings of the business. Summit Global Investments grew its stake in shares of Gladstone Capital by 1.5% during the second quarter. Summit Global Investments now owns 74,682 shares of the investment management company’s stock valued at $701,000 after purchasing an additional 1,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Gladstone Capital by 2.0% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 59,875 shares of the investment management company’s stock valued at $562,000 after purchasing an additional 1,176 shares during the last quarter. DNB Asset Management AS lifted its holdings in Gladstone Capital by 2.6% in the third quarter. DNB Asset Management AS now owns 56,101 shares of the investment management company’s stock valued at $546,000 after buying an additional 1,400 shares during the period. Winslow Evans & Crocker Inc. lifted its holdings in Gladstone Capital by 17.2% in the third quarter. Winslow Evans & Crocker Inc. now owns 11,600 shares of the investment management company’s stock valued at $114,000 after buying an additional 1,700 shares during the period. Finally, Commonwealth Equity Services LLC lifted its holdings in Gladstone Capital by 15.3% in the third quarter. Commonwealth Equity Services LLC now owns 15,488 shares of the investment management company’s stock valued at $151,000 after buying an additional 2,056 shares during the period. 12.40% of the stock is currently owned by hedge funds and other institutional investors.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, 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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