Two Sigma Investments LP Reduces Holdings in Gladstone Capital Co. (GLAD)
Two Sigma Investments LP trimmed its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 41.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 85,020 shares of the investment management company’s stock after selling 59,733 shares during the period. Two Sigma Investments LP owned 0.30% of Gladstone Capital worth $621,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of GLAD. PFG Advisors acquired a new stake in shares of Gladstone Capital in the 4th quarter worth about $84,000. TCI Wealth Advisors Inc. increased its holdings in shares of Gladstone Capital by 53.4% in the 4th quarter. TCI Wealth Advisors Inc. now owns 25,082 shares of the investment management company’s stock worth $183,000 after acquiring an additional 8,733 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Gladstone Capital in the 3rd quarter worth about $256,000. D.A. Davidson & CO. increased its holdings in shares of Gladstone Capital by 75.7% in the 4th quarter. D.A. Davidson & CO. now owns 66,467 shares of the investment management company’s stock worth $485,000 after acquiring an additional 28,641 shares during the period. Finally, Summit Global Investments acquired a new stake in shares of Gladstone Capital in the 4th quarter worth about $630,000. 11.79% of the stock is currently owned by institutional investors.
A number of analysts recently weighed in on the stock. ValuEngine raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, December 27th. BidaskClub raised shares of Gladstone Capital from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, National Securities reissued a “sell” rating and set a $7.00 target price on shares of Gladstone Capital in a research note on Monday, February 11th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.00.
Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, February 6th. The investment management company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The firm had revenue of $11.91 million for the quarter, compared to analysts’ expectations of $12.13 million. Gladstone Capital had a net margin of 16.68% and a return on equity of 9.99%. As a group, research analysts forecast that Gladstone Capital Co. will post 0.86 earnings per share for the current year.
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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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