Gladstone Capital Corporation (GLAD) - What Are Brokerages Thinking About This Stock?

Key Points

• Analyst sentiment is moderately positive: Six firms are split evenly between buy and hold ratings, with an average 12-month price target of $21.67.
• Gladstone Capital beat quarterly EPS estimates slightly at $0.49 versus $0.48, though revenue of $24.5 million fell short of the $24.9 million consensus.
• The company announced a monthly dividend of $0.15 per share—$1.80 annualized, or a stated 9.3% yield. Its dividend payout ratio is 87.38%.

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) has been given an average rating of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.67.

GLAD has been the subject of a number of analyst reports. Weiss Ratings downgraded shares of Gladstone Capital from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, October 14th. ATB Cormark Capital Markets raised shares of Gladstone Capital to a "moderate buy" rating in a report on Thursday, October 8th.

Gladstone Capital Trading Up 0.3%

NASDAQ GLAD opened at $19.38 on Friday. Gladstone Capital has a 12-month low of $16.54 and a 12-month high of $21.73. The firm has a market capitalization of $437.79 million, a P/E ratio of 9.41 and a beta of 0.94. The firm's fifty day simple moving average is $19.22 and its two-hundred day simple moving average is $19.06.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.48 by $0.01. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The company had revenue of $24.50 million for the quarter, compared to analyst estimates of $24.90 million. As a group, sell-side analysts predict that Gladstone Capital will post 1.99 earnings per share for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Investors of record on Monday, December 21st will be issued a $0.15 dividend. This represents a $1.80 annualized dividend and a yield of 9.3%. The ex-dividend date is Monday, December 21st. Gladstone Capital's dividend payout ratio (DPR) is 87.38%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in GLAD. International Assets Investment Management LLC increased its holdings in shares of Gladstone Capital by 1,463.6% in the 3rd quarter. International Assets Investment Management LLC now owns 250,000 shares of the investment management company's stock worth $4,808,000 after buying an additional 234,011 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its position in shares of Gladstone Capital by 66.0% during 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 period. Miller Global Investments LLC increased its stake in Gladstone Capital by 200.8% in the 3rd quarter. Miller Global Investments LLC now owns 48,139 shares of the investment management company's stock valued at $926,000 after buying an additional 32,136 shares during the last quarter. Fortress Financial Solutions LLC bought a new position in Gladstone Capital during the 3rd quarter worth approximately $263,000. Finally, Entropy Technologies LP purchased a new stake in shares of Gladstone Capital in the 1st quarter valued at about $179,000. Hedge funds and other institutional investors own 10.72% of the company's stock.

About Gladstone Capital

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.

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