Gladstone Capital Corporation (NASDAQ:GLAD) Receives $21.67 Average Price Target from Analysts

Shares of Gladstone Capital Corporation (NASDAQ:GLAD) have earned a consensus rating of “Hold” from the six brokerages that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $21.6667.

A number of equities analysts have weighed in on the stock. B. Riley Financial reiterated a “buy” rating on shares of Gladstone Capital in a report on Friday, May 8th. Wall Street Zen upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, April 11th. Finally, Weiss Ratings raised Gladstone Capital from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, July 2nd.

Institutional Trading of Gladstone Capital

Institutional investors have recently modified their holdings of the company. UBS Group AG increased its position in Gladstone Capital by 18.0% during the 4th quarter. UBS Group AG now owns 271,702 shares of the investment management company’s stock worth $5,613,000 after purchasing an additional 41,484 shares in the last quarter. Marshall Wace LLP lifted its position in Gladstone Capital by 1.0% during the fourth quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company’s stock valued at $2,279,000 after buying an additional 1,041 shares in the last quarter. Two Sigma Investments LP grew its stake in Gladstone Capital by 39.1% during the third quarter. Two Sigma Investments LP now owns 89,519 shares of the investment management company’s stock worth $1,958,000 after buying an additional 25,181 shares during the period. Advisors Asset Management Inc. grew its stake in Gladstone Capital by 2.7% during the fourth quarter. Advisors Asset Management Inc. now owns 64,909 shares of the investment management company’s stock worth $1,341,000 after buying an additional 1,727 shares during the period. Finally, Legacy Capital Wealth Partners LLC increased its position in shares of Gladstone Capital by 15.7% in the fourth quarter. Legacy Capital Wealth Partners LLC now owns 60,644 shares of the investment management company’s stock worth $1,253,000 after acquiring an additional 8,237 shares in the last quarter. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Stock Performance

GLAD opened at $19.02 on Thursday. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $27.59. The company’s 50 day simple moving average is $19.27 and its 200 day simple moving average is $18.99. The stock has a market capitalization of $429.72 million, a PE ratio of 10.39 and a beta of 0.92.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, May 6th. The investment management company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $25.99 million during the quarter, compared to analyst estimates of $25.19 million. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.79%. As a group, sell-side analysts expect that Gladstone Capital will post 2.01 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, September 21st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, September 21st. This represents a c) annualized dividend and a yield of 9.5%. Gladstone Capital’s dividend payout ratio is currently 98.36%.

Gladstone Capital Company Profile

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.