Gladstone Capital (NASDAQ:GLAD) Rating Increased to Hold at Wall Street Zen

Key Points

• Wall Street Zen upgraded Gladstone Capital (NASDAQ:GLAD) from a "sell" rating to a "hold" in a research report issued Saturday.
• Analyst consensus remains cautious with two Buy and four Hold ratings, yielding an average Hold rating and an average target price of $21.67.
• Recent results: GLAD posted $0.50 EPS versus a $0.48 estimate (revenue $24.51M vs. $24.70M), and the stock trades around $17.63 with a 12‑month range of $16.54–$29.50 and a market cap of about $398M.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

GLAD has been the topic of a number of other research reports. Weiss Ratings restated a "hold (c)" rating on shares of Gladstone Capital in a research report on Monday, December 29th. Jefferies Financial Group set a $21.00 price target on Gladstone Capital and gave the stock a "hold" rating in a research report on Friday, February 6th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $21.67.

Gladstone Capital Stock Up 1.1%

Shares of GLAD opened at $17.63 on Friday. Gladstone Capital has a 12 month low of $16.54 and a 12 month high of $29.50. The firm's 50 day moving average is $18.23 and its 200-day moving average is $19.72. The stock has a market capitalization of $398.26 million, a PE ratio of 11.09 and a beta of 0.95. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.45.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. The company had revenue of $24.51 million for the quarter, compared to analysts' expectations of $24.70 million. Equities research analysts forecast that Gladstone Capital will post 2.03 EPS for the current year.

Institutional Trading of Gladstone Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its holdings in shares of Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company's stock worth $792,000 after purchasing an additional 456 shares during the last quarter. Marshall Wace LLP grew its holdings in shares of Gladstone Capital by 1.0% during the fourth quarter. Marshall Wace LLP now owns 110,304 shares of the investment management company's stock worth $2,279,000 after purchasing an additional 1,041 shares during the last quarter. CWM LLC grew its holdings in shares of Gladstone Capital by 89.2% during the third quarter. CWM LLC now owns 2,246 shares of the investment management company's stock worth $49,000 after purchasing an additional 1,059 shares during the last quarter. Ausdal Financial Partners Inc. grew its holdings in shares of Gladstone Capital by 4.3% during the fourth quarter. Ausdal Financial Partners Inc. now owns 29,896 shares of the investment management company's stock worth $618,000 after purchasing an additional 1,222 shares during the last quarter. Finally, Atlantic Union Bankshares Corp bought a new stake in shares of Gladstone Capital during the third quarter worth about $31,000. 10.72% of the stock is currently owned by institutional investors.

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.

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