Wall Street brokerages expect Gladstone Capital Co. (NASDAQ:GLAD) to announce $12.60 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings. The lowest sales estimate is $12.60 million and the highest is $12.61 million. Gladstone Capital posted sales of $11.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13.6%. The company is expected to announce its next quarterly earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Gladstone Capital will report full-year sales of $49.91 million for the current fiscal year, with estimates ranging from $49.07 million to $50.76 million. For the next fiscal year, analysts forecast that the company will post sales of $54.86 million, with estimates ranging from $53.27 million to $56.45 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Gladstone Capital.

Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, February 6th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $11.91 million during 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%.

A number of analysts have recently issued reports on GLAD shares. BidaskClub upgraded shares of Gladstone Capital from a “hold” rating to a “buy” rating in a research note on Thursday, November 15th. National Securities restated a “sell” rating and set a $7.00 target price on shares of Gladstone Capital in a research note on Friday, November 16th. Zacks Investment Research cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 21st. ValuEngine cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. Finally, TheStreet cut shares of Gladstone Capital from a “b-” rating to a “c” rating in a research note on Monday, December 10th. Two research analysts have rated the stock with a sell rating and two have given a hold rating to the company. Gladstone Capital presently has a consensus rating of “Hold” and a consensus target price of $9.00.

A number of institutional investors have recently modified their holdings of GLAD. PFG Advisors acquired a new stake in Gladstone Capital in the 4th quarter worth about $84,000. TCI Wealth Advisors Inc. raised its stake in 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 purchasing an additional 8,733 shares in the last quarter. Koshinski Asset Management Inc. acquired a new stake in Gladstone Capital in the 3rd quarter worth about $256,000. Novare Capital Management LLC raised its stake in Gladstone Capital by 37.0% in the 3rd quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock worth $311,000 after purchasing an additional 8,850 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Gladstone Capital by 18.5% in the 2nd quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock worth $398,000 after purchasing an additional 6,900 shares in the last quarter. Institutional investors and hedge funds own 11.79% of the company’s stock.

Shares of NASDAQ GLAD traded up $0.07 during mid-day trading on Friday, reaching $9.16. 135,485 shares of the company were exchanged, compared to its average volume of 145,296. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.09 and a current ratio of 0.09. The stock has a market cap of $257.97 million, a PE ratio of 10.78 and a beta of 1.28. Gladstone Capital has a twelve month low of $6.41 and a twelve month high of $9.87.

The firm also recently disclosed a monthly dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 20th were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 9.17%. The ex-dividend date was Tuesday, February 19th. Gladstone Capital’s dividend payout ratio (DPR) is 98.82%.

About Gladstone Capital

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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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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