Gladstone Capital Corporation (NASDAQ:GLAD) Stock Has Average Target Price of $21.67 According to Brokerages

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $21.67.

Several analysts recently commented on GLAD shares. Weiss Ratings downgraded Gladstone Capital from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, October 14th. ATB Cormark Capital Markets upgraded Gladstone Capital to a “moderate buy” rating in a research note on Thursday, October 8th.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new position in shares of Gladstone Capital during the 1st quarter valued at $142,000. Entropy Technologies LP bought a new stake in shares of Gladstone Capital in the 1st quarter worth $179,000. Fortress Financial Solutions LLC purchased a new stake in Gladstone Capital in the 3rd quarter valued at about $263,000. Miller Global Investments LLC bought a new position in shares of Gladstone Capital during the 2nd quarter worth approximately $311,000. Finally, B. Riley Wealth Advisors Inc. boosted its stake in shares of Gladstone Capital by 66.0% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 225,027 shares of the investment management company’s stock worth $4,327,000 after buying an additional 89,446 shares during the last quarter. Institutional investors and hedge funds own 10.72% of the company’s stock.

Gladstone Capital Stock Performance

Shares of NASDAQ:GLAD opened at $19.52 on Friday. Gladstone Capital has a 52 week low of $16.54 and a 52 week high of $21.73. The company’s fifty day moving average is $19.22 and its 200-day moving average is $19.06. The company has a market capitalization of $440.96 million, a PE ratio of 9.48 and a beta of 0.94.

Gladstone Capital Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be given a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 9.2%. The ex-dividend date is Monday, December 21st. Gladstone Capital’s payout ratio is currently 87.38%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to small and mid-sized businesses in the United States. The company seeks to support established companies by investing in a combination of debt and equity securities.

Its investments may include first- and second-lien secured loans, unsecured and subordinated debt, mezzanine financing, and equity interests. Gladstone Capital generally partners with businesses across a range of industries, providing capital intended to support acquisitions, recapitalizations, growth initiatives, and other corporate financing needs.

Founded in 2001, Gladstone Capital is externally managed by Gladstone Management Corporation, an investment adviser affiliated with the broader Gladstone group of companies.