Gladstone Capital (NASDAQ:GLAD) Stock Price Expected to Rise, Oppenheimer Analyst Says

Key Points

• Gladstone Capital has had its price target increased from $24.00 to $26.00 by Oppenheimer, indicating a potential downside of 2.69% from the current stock price.
• The company reported $0.50 EPS for the last quarter, matching analysts' expectations, with revenues of $21.66 million compared to the consensus estimate of $21.93 million.
• Institutional investors now own 10.72% of Gladstone Capital, with notable increases in stakes from firms like LPL Financial and Advisors Asset Management.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) had its price objective raised by investment analysts at Oppenheimer from $24.00 to $26.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a "market perform" rating on the investment management company's stock. Oppenheimer's target price would indicate a potential downside of 4.87% from the company's previous close.

Separately, B. Riley raised Gladstone Capital to a "hold" rating in a report on Monday, June 16th.

Gladstone Capital Stock Up 0.8%

Shares of NASDAQ GLAD traded up $0.22 on Wednesday, reaching $27.33. 164,792 shares of the company's stock traded hands, compared to its average volume of 82,802. Gladstone Capital has a 12 month low of $21.96 and a 12 month high of $30.43. The business's 50 day simple moving average is $27.45 and its two-hundred day simple moving average is $27.14. The company has a market cap of $610.28 million, a price-to-earnings ratio of 8.06 and a beta of 1.01. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 0.06.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The investment management company reported $0.50 EPS for the quarter, hitting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%. The company had revenue of $21.66 million during the quarter, compared to the consensus estimate of $21.93 million. As a group, equities research analysts forecast that Gladstone Capital will post 2.03 EPS for the current fiscal year.

Institutional Investors Weigh In On Gladstone Capital

Large investors have recently modified their holdings of the business. LPL Financial LLC grew its stake in shares of Gladstone Capital by 8.5% during the fourth quarter. LPL Financial LLC now owns 154,580 shares of the investment management company's stock worth $4,396,000 after acquiring an additional 12,064 shares during the last quarter. Wedbush Securities Inc. purchased a new stake in Gladstone Capital in the 4th quarter worth approximately $209,000. Raymond James Financial Inc. purchased a new stake in shares of Gladstone Capital during the 4th quarter worth about $840,000. XTX Topco Ltd purchased a new position in Gladstone Capital during the fourth quarter worth approximately $241,000. Finally, Aquatic Capital Management LLC purchased a new position in shares of Gladstone Capital during the 4th quarter valued at approximately $246,000. Institutional investors own 10.72% of the company's stock.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.