Gladstone Capital Co. (NASDAQ:GLAD) Expected to Announce Earnings of $0.21 Per Share

Brokerages predict that Gladstone Capital Co. (NASDAQ:GLAD) will announce $0.21 earnings per share for the current quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings. Gladstone Capital also reported earnings of $0.21 per share during the same quarter last year. The company is expected to issue its next earnings results on Wednesday, February 5th.

According to Zacks, analysts expect that Gladstone Capital will report full year earnings of $0.84 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $0.84 per share. Zacks’ EPS calculations are an average based on a survey of analysts that cover Gladstone Capital.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Wednesday, November 13th. The investment management company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company had revenue of $12.72 million during the quarter, compared to analyst estimates of $12.66 million. Gladstone Capital had a return on equity of 10.26% and a net margin of 39.71%.

A number of analysts recently weighed in on GLAD shares. TheStreet lowered shares of Gladstone Capital from a “b” rating to a “c” rating in a report on Friday, August 23rd. BidaskClub raised shares of Gladstone Capital from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Finally, Zacks Investment Research lowered shares of Gladstone Capital from a “hold” rating to a “sell” rating in a report on Monday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $8.50.

Shares of NASDAQ GLAD traded up $0.04 during mid-day trading on Friday, reaching $10.42. 294 shares of the company’s stock traded hands, compared to its average volume of 127,749. The stock has a market cap of $314.99 million, a P/E ratio of 12.43 and a beta of 1.15. The business has a 50-day simple moving average of $10.11 and a 200 day simple moving average of $9.59. Gladstone Capital has a 1-year low of $6.41 and a 1-year high of $10.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.36 and a quick ratio of 0.36.

The firm also recently announced a dividend, which was paid on Friday, November 29th. Investors of record on Tuesday, November 19th were issued a $0.07 dividend. The ex-dividend date of this dividend was Monday, November 18th. Gladstone Capital’s dividend payout ratio (DPR) is presently 100.00%.

Hedge funds have recently bought and sold shares of the stock. Marshall Wace North America L.P. acquired a new stake in shares of Gladstone Capital in the 1st quarter worth $39,000. TCI Wealth Advisors Inc. increased its position in Gladstone Capital by 58.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,681 shares of the investment management company’s stock worth $55,000 after purchasing an additional 2,096 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Gladstone Capital during the second quarter worth $87,000. Winslow Evans & Crocker Inc. boosted its stake in Gladstone Capital by 17.2% during the third quarter. Winslow Evans & Crocker Inc. now owns 11,600 shares of the investment management company’s stock worth $114,000 after buying an additional 1,700 shares during the period. Finally, Good Life Advisors LLC purchased a new position in Gladstone Capital during the second quarter worth $115,000. 12.46% of the stock is owned by hedge funds and other institutional investors.

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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