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

Key Points

• Gladstone Capital has a consensus “Hold” rating from five analysts, with three holds and two buys; the average 12-month price target is $21.67 versus a share price of $19.06.
• The company slightly exceeded quarterly EPS expectations, reporting $0.49 per share versus the $0.48 consensus estimate, while revenue of $24.5 million fell short of the $24.9 million forecast.
• Gladstone Capital recently paid a special dividend of $0.18 per share, and institutional investors own 10.72% of the company’s stock.

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) has been assigned a consensus rating of "Hold" from the five research firms that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $21.67.

Separately, Weiss Ratings reissued a "hold (c)" rating on shares of Gladstone Capital in a research report on Tuesday, September 29th.

Gladstone Capital Trading Up 1.3%

Shares of Gladstone Capital stock opened at $19.06 on Tuesday. The stock has a 50-day moving average price of $19.52 and a 200 day moving average price of $19.15. The company has a market cap of $430.62 million, a P/E ratio of 9.25 and a beta of 0.94. Gladstone Capital has a 1 year low of $16.54 and a 1 year high of $21.73.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The investment management company reported $0.49 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.01. Gladstone Capital had a return on equity of 9.67% and a net margin of 50.48%. The firm had revenue of $24.50 million during the quarter, compared to analyst estimates of $24.90 million. On average, equities analysts forecast that Gladstone Capital will post 1.99 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The business also recently disclosed a special dividend, which was paid on Wednesday, September 16th. Investors of record on Thursday, September 10th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 10th. Gladstone Capital's payout ratio is presently 87.38%.

Institutional Investors Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Miller Global Investments LLC grew its holdings in shares of Gladstone Capital by 200.8% during the 3rd quarter. Miller Global Investments LLC now owns 48,139 shares of the investment management company's stock valued at $926,000 after acquiring an additional 32,136 shares in the last quarter. Entropy Technologies LP purchased a new stake in shares of Gladstone Capital during the first quarter worth $179,000. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Gladstone Capital during the first quarter worth $142,000. 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 privately held, lower middle-market businesses in the United States. The company seeks to support established companies across a range of industries, typically working with businesses that may require flexible capital solutions to fund growth, acquisitions, recapitalizations, refinancings, or other strategic initiatives.

Its investment portfolio primarily consists of secured debt investments, including first-lien and second-lien loans, as well as subordinated debt and equity investments.

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