Gladstone Capital (NASDAQ:GLAD) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Gladstone Capital Corporation (NASDAQ:GLAD) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $19.36 and traded as high as $19.40. Gladstone Capital shares last traded at $18.94, with a volume of 255,230 shares trading hands.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a research report on Friday, May 8th. Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Saturday, April 11th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Gladstone Capital currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Stock Performance

The stock has a market capitalization of $422.21 million, a P/E ratio of 10.21 and a beta of 0.92. The business has a 50 day simple moving average of $19.02 and a 200-day simple moving average of $19.34.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Wednesday, May 6th. The investment management company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The business had revenue of $25.99 million during the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a return on equity of 9.79% and a net margin of 45.15%. Equities research analysts forecast that Gladstone Capital Corporation will post 2.01 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd will be issued a $0.15 dividend. This represents a c) dividend on an annualized basis and a yield of 9.6%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Capital’s dividend payout ratio is presently 98.36%.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds have recently made changes to their positions in the business. Garner Asset Management Corp bought a new stake in shares of Gladstone Capital in the 4th quarter worth approximately $36,000. WFA of San Diego LLC acquired a new position in Gladstone Capital in the second quarter worth approximately $42,000. JPMorgan Chase & Co. acquired a new position in Gladstone Capital in the second quarter worth approximately $46,000. Larson Financial Group LLC increased its holdings in shares of Gladstone Capital by 380.0% in the third quarter. Larson Financial Group LLC now owns 2,400 shares of the investment management company’s stock valued at $52,000 after buying an additional 1,900 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Gladstone Capital in the third quarter valued at $74,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Company Profile

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.