Gladstone Capital (NASDAQ:GLAD) Issues Earnings Results

Gladstone Capital (NASDAQ:GLAD) released its quarterly earnings data on Tuesday. The investment management company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.01, Zacks reports. Gladstone Capital had a return on equity of 9.70% and a net margin of 50.48%.The company had revenue of $24.50 million for the quarter, compared to analyst estimates of $24.90 million.

Gladstone Capital Stock Performance

Shares of NASDAQ GLAD traded up $0.29 during trading hours on Thursday, reaching $19.37. 52,666 shares of the stock were exchanged, compared to its average volume of 195,965. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $27.59. The firm has a market capitalization of $437.57 million, a price-to-earnings ratio of 9.41 and a beta of 0.92. The stock’s fifty day simple moving average is $19.27 and its 200 day simple moving average is $18.97.

Gladstone Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a dividend of $0.15 per share. This represents a c) dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Monday, September 21st. Gladstone Capital’s dividend payout ratio (DPR) is currently 98.36%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. B. Riley Financial restated a “buy” rating on shares of Gladstone Capital in a research note on Friday, May 8th. Weiss Ratings upgraded Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Gladstone Capital currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of Gladstone Capital in the fourth quarter worth about $213,000. Virtus Investment Advisers LLC increased its holdings in shares of Gladstone Capital by 60.5% during the fourth quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company’s stock worth $587,000 after buying an additional 10,703 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of Gladstone Capital in the 4th quarter valued at $423,000. Quadrature Capital Ltd increased its holdings in Gladstone Capital by 45.9% in the 4th quarter. Quadrature Capital Ltd now owns 36,791 shares of the investment management company’s stock worth $760,000 after purchasing an additional 11,580 shares in the last quarter. Finally, Trexquant Investment LP boosted its stake in shares of Gladstone Capital by 107.7% during the fourth quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company’s stock valued at $1,223,000 after purchasing an additional 30,695 shares in the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

About Gladstone Capital

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.