Gladstone Capital (NASDAQ:GLAD) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Gladstone Capital (NASDAQ:GLAD - Get Free Report) posted its quarterly earnings data on Wednesday. The investment management company reported $0.52 EPS for the quarter, beating analysts' consensus estimates of $0.49 by $0.03, Zacks reports. Gladstone Capital had a net margin of 45.15% and a return on equity of 9.81%. The business had revenue of $25.99 million for the quarter, compared to analyst estimates of $25.19 million.

Gladstone Capital Stock Up 4.1%

NASDAQ:GLAD opened at $19.99 on Friday. The business's fifty day moving average price is $18.21 and its 200 day moving average price is $19.45. The firm has a market capitalization of $451.57 million, a price-to-earnings ratio of 10.92 and a beta of 0.92. 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 has a 1-year low of $16.54 and a 1-year high of $29.50.

Gladstone Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd will be given a dividend of $0.15 per share. This represents a c) annualized dividend and a yield of 9.0%. The ex-dividend date of this dividend is Tuesday, June 23rd. Gladstone Capital's payout ratio is presently 113.21%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on GLAD shares. Wall Street Zen upgraded Gladstone Capital from a "sell" rating to a "hold" rating in a research report on Saturday, April 11th. Jefferies Financial Group set a $21.00 price target on Gladstone Capital and gave the company 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 issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $21.67.

Hedge Funds Weigh In On Gladstone Capital

Large investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Gladstone Capital in the fourth quarter worth approximately $213,000. Virtus Investment Advisers LLC grew its position in Gladstone Capital by 60.5% during the fourth quarter. Virtus Investment Advisers LLC now owns 28,401 shares of the investment management company's stock valued at $587,000 after purchasing an additional 10,703 shares in the last quarter. Tudor Investment Corp ET AL acquired a new position in Gladstone Capital in the 4th quarter valued at approximately $423,000. Quadrature Capital Ltd increased its stake in Gladstone Capital by 45.9% in the 4th quarter. Quadrature Capital Ltd now owns 36,791 shares of the investment management company's stock valued at $760,000 after buying an additional 11,580 shares during the period. Finally, Trexquant Investment LP lifted its position in Gladstone Capital by 107.7% in the 4th quarter. Trexquant Investment LP now owns 59,185 shares of the investment management company's stock worth $1,223,000 after buying an additional 30,695 shares in the last quarter. Institutional investors and hedge funds own 10.72% of the company's stock.

About Gladstone Capital

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.