Somewhat Positive Press Coverage Somewhat Unlikely to Affect Gladstone Capital Corporation (NASDAQ:GLAD) Stock Price
News stories about Gladstone Capital Corporation (NASDAQ:GLAD) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Gladstone Capital Corporation earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave news coverage about the investment management company an impact score of 46.4312033232973 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Gladstone Capital Corporation – (NASDAQ:GLAD) Trading Volume Significantly Higher – Modern Readers (modernreaders.com)
- Gladstone Capital Enters Oversold Territory (thestreet.com)
- Gladstone Capital Corporation (GLAD) Receives Consensus Rating of “Hold” from Analysts (americanbankingnews.com)
- Investor Watch: Checking on Shares of Gladstone Capital Corporation (NASDAQ:GLAD) – Jonesboro Recorder (jonesbororecorder.com)
- Gladstone Capital Corporation – (NASDAQ:GLADO) Trading Volume … – Modern Readers (modernreaders.com)
Gladstone Capital Corporation (GLAD) opened at 9.77 on Tuesday. The stock’s 50 day moving average is $9.85 and its 200 day moving average is $9.63. Gladstone Capital Corporation has a one year low of $7.33 and a one year high of $10.12.
Gladstone Capital Corporation (NASDAQ:GLAD) last released its earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $9.63 million for the quarter, compared to analysts’ expectations of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. Analysts predict that Gladstone Capital Corporation will post $0.78 EPS for the current fiscal year.
The business also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Monday, August 21st will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date of this dividend is Thursday, August 17th. Gladstone Capital Corporation’s payout ratio is 62.22%.
Several equities research analysts have issued reports on GLAD shares. Hilliard Lyons upgraded shares of Gladstone Capital Corporation from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $8.50 to $9.25 in a research report on Thursday, May 4th. National Securities restated a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital Corporation in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Gladstone Capital Corporation from a “hold” rating to a “buy” rating and set a $11.00 price objective for the company in a research report on Tuesday, May 9th. Finally, BidaskClub downgraded shares of Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $9.56.
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Gladstone Capital Corporation Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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