Gladstone Capital (NASDAQ:GLAD) Releases Earnings Results, Hits Estimates

Key Points

• Gladstone Capital reported earnings of $0.50 per share for the quarter, meeting analysts' expectations.
• The company declared a $0.165 dividend with a substantial yield of 685.0%, reflecting a payout ratio of 50.25%.
• Goldman Sachs recently increased its stake in Gladstone Capital by 1.6%, indicating growing institutional interest in the company.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) issued its earnings results on Monday. The investment management company reported $0.50 earnings per share for the quarter, hitting analysts' consensus estimates of $0.50, Zacks reports. Gladstone Capital had a net margin of 84.60% and a return on equity of 9.43%. The firm had revenue of $21.66 million during the quarter, compared to analyst estimates of $21.93 million.

Gladstone Capital Stock Performance

Shares of GLAD stock traded up $0.19 on Friday, hitting $27.30. The company's stock had a trading volume of 71,985 shares, compared to its average volume of 100,830. The stock's 50 day moving average is $27.44 and its 200-day moving average is $27.16. Gladstone Capital has a fifty-two week low of $21.96 and a fifty-two week high of $30.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.04 and a current ratio of 0.08. The company has a market capitalization of $609.61 million, a PE ratio of 8.05 and a beta of 1.01.

Gladstone Capital Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, July 31st. Stockholders of record on Tuesday, July 22nd were given a $0.165 dividend. This represents a dividend yield of 685.0%. The ex-dividend date of this dividend was Monday, July 21st. Gladstone Capital's dividend payout ratio (DPR) is 58.41%.

Institutional Trading of Gladstone Capital

An institutional investor recently bought a new position in Gladstone Capital stock. Focus Partners Wealth bought a new stake in Gladstone Capital Corporation (NASDAQ:GLAD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,016 shares of the investment management company's stock, valued at approximately $220,000. 10.72% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. B. Riley upgraded shares of Gladstone Capital to a "hold" rating in a report on Monday, June 16th. Oppenheimer increased their price target on shares of Gladstone Capital from $24.00 to $26.00 and gave the company a "market perform" rating in a report on Wednesday. Finally, LADENBURG THALM/SH SH raised shares of Gladstone Capital to a "hold" rating in a research note on Wednesday.

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.