Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $18.92 and traded as high as $19.83. Gladstone Capital shares last traded at $19.67, with a volume of 126,025 shares trading hands.
Analyst Ratings Changes
A number of research firms have commented on GLAD. Weiss Ratings raised Gladstone Capital from a "hold (c-)" rating to a "hold (c)" rating in a research note on Thursday, July 2nd. B. Riley Financial restated a "buy" rating on shares of Gladstone Capital in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $21.67.
Read Our Latest Stock Analysis on GLAD
Gladstone Capital Price Performance
The company's 50 day moving average price is $19.29 and its 200 day moving average price is $18.92. The firm has a market capitalization of $444.40 million, a P/E ratio of 9.55 and a beta of 0.92.
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. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. The business had revenue of $24.50 million during the quarter, compared to analyst estimates of $24.90 million. On average, research analysts anticipate that Gladstone Capital Corporation will post 1.99 EPS for the current fiscal year.
Gladstone Capital Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, September 21st will be paid a $0.15 dividend. This represents a c) annualized dividend and a dividend yield of 9.2%. The ex-dividend date of this dividend is Monday, September 21st. Gladstone Capital's dividend payout ratio (DPR) is 87.38%.
Institutional Investors Weigh In On Gladstone Capital
A number of institutional investors and hedge funds have recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its holdings in Gladstone Capital by 1.6% in the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company's stock valued at $792,000 after acquiring an additional 456 shares during the last quarter. Focus Partners Wealth bought a new stake in Gladstone Capital during the 1st quarter worth about $220,000. Cetera Investment Advisers raised its holdings in Gladstone Capital by 43.0% during the 2nd quarter. Cetera Investment Advisers now owns 21,217 shares of the investment management company's stock worth $572,000 after purchasing an additional 6,385 shares during the last quarter. JPMorgan Chase & Co. acquired a new position in Gladstone Capital during the 2nd quarter valued at about $46,000. Finally, Quantbot Technologies LP lifted its position in Gladstone Capital by 52.7% during the 2nd quarter. Quantbot Technologies LP now owns 4,272 shares of the investment management company's stock valued at $115,000 after purchasing an additional 1,474 shares during the period. Institutional investors own 10.72% of the company's stock.
About Gladstone Capital
(
Get Free Report)
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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