Gladstone Capital Corporation $GLAD Stock: B. Riley Wealth Advisors Inc. Grows Holdings

Key Points

• B. Riley Wealth Advisors increased its Gladstone Capital stake by 66% in the third quarter, bringing its holdings to 225,027 shares valued at approximately $4.33 million. Institutional investors and hedge funds collectively own 10.72% of the company.
• Gladstone Capital reported quarterly earnings of $0.49 per share, slightly exceeding analysts’ $0.48 estimate, while revenue of $24.5 million came in below the $24.9 million consensus.
• The company declared a monthly dividend of $0.15 per share, equal to $1.80 annually and a 9.5% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $21.67, above the stock’s $19.01 price.

B. Riley Wealth Advisors Inc. raised its position in shares of Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) by 66.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 225,027 shares of the investment management company's stock after purchasing an additional 89,446 shares during the quarter. B. Riley Wealth Advisors Inc. owned about 1.00% of Gladstone Capital worth $4,327,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Miller Global Investments LLC boosted its stake in Gladstone Capital by 200.8% during the third 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 in the last quarter. Entropy Technologies LP acquired a new position in Gladstone Capital during the first quarter worth about $179,000. Finally, Sunbelt Securities Inc. bought a new stake in Gladstone Capital in the first quarter worth about $142,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

Gladstone Capital Stock Down 0.3%

GLAD opened at $19.01 on Wednesday. The stock has a fifty day moving average of $19.51 and a 200-day moving average of $19.16. The firm has a market capitalization of $429.44 million, a P/E ratio of 9.23 and a beta of 0.94. Gladstone Capital Corporation has a 12-month low of $16.54 and a 12-month high of $21.73.

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

Gladstone Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Monday, December 21st will be paid a dividend of $0.15 per share. This represents a $1.80 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Monday, December 21st. Gladstone Capital's payout ratio is 87.38%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on GLAD shares. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Gladstone Capital in a research note on Tuesday, September 29th. ATB Cormark Capital Markets raised shares of Gladstone Capital to a "moderate buy" rating in a research note on Thursday, October 8th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Gladstone Capital currently has an average rating of "Moderate Buy" and an average price target of $21.67.

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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