Equities analysts expect that Gladstone Capital Co. (NASDAQ:GLAD) will report sales of $11.62 million for the current quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings, with the highest sales estimate coming in at $11.71 million and the lowest estimate coming in at $11.54 million. Gladstone Capital posted sales of $9.63 million in the same quarter last year, which suggests a positive year over year growth rate of 20.7%. The company is scheduled to report its next earnings results on Wednesday, August 1st.
On average, analysts expect that Gladstone Capital will report full-year sales of $45.60 million for the current financial year, with estimates ranging from $45.22 million to $45.98 million. For the next year, analysts anticipate that the firm will report sales of $50.41 million per share, with estimates ranging from $48.36 million to $52.46 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, May 2nd. The investment management company reported $0.21 EPS for the quarter, hitting analysts’ consensus estimates of $0.21. The company had revenue of $11.09 million for the quarter, compared to the consensus estimate of $11.60 million. Gladstone Capital had a return on equity of 9.87% and a net margin of 66.28%.
Gladstone Capital stock opened at $9.18 on Friday. The stock has a market capitalization of $246.65 million, a PE ratio of 10.93 and a beta of 1.09. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.55. Gladstone Capital has a 12 month low of $9.10 and a 12 month high of $9.16.
The business also recently announced a monthly dividend, which was paid on Monday, April 30th. Investors of record on Friday, April 20th were issued a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, April 19th. This represents a $0.84 annualized dividend and a dividend yield of 9.15%. Gladstone Capital’s payout ratio is currently 100.00%.
In related news, President Robert L. Marcotte bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 8th. The shares were acquired at an average cost of $8.91 per share, for a total transaction of $89,100.00. Following the acquisition, the president now owns 423,264 shares in the company, valued at approximately $3,771,282.24. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 5.89% of the company’s stock.
Several large investors have recently made changes to their positions in the stock. Bank of Montreal Can raised its holdings in shares of Gladstone Capital by 15.6% during the 4th quarter. Bank of Montreal Can now owns 245,000 shares of the investment management company’s stock valued at $2,256,000 after buying an additional 33,000 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Gladstone Capital by 482.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 212,735 shares of the investment management company’s stock valued at $1,959,000 after buying an additional 176,188 shares during the period. LPL Financial LLC raised its holdings in shares of Gladstone Capital by 14.0% during the 1st quarter. LPL Financial LLC now owns 197,186 shares of the investment management company’s stock valued at $1,696,000 after buying an additional 24,261 shares during the period. Two Sigma Investments LP raised its holdings in shares of Gladstone Capital by 356.3% during the 4th quarter. Two Sigma Investments LP now owns 172,443 shares of the investment management company’s stock valued at $1,588,000 after buying an additional 134,651 shares during the period. Finally, Two Sigma Advisers LP raised its holdings in shares of Gladstone Capital by 14.5% during the 4th quarter. Two Sigma Advisers LP now owns 164,009 shares of the investment management company’s stock valued at $1,511,000 after buying an additional 20,800 shares during the period. Institutional investors and hedge funds own 13.42% of the company’s stock.
Gladstone Capital 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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