Gladstone Capital (NASDAQ:GLAD) Rating Increased to Hold at LADENBURG THALM/SH SH

Key Points

• Gladstone Capital has been upgraded to a "hold" rating by LADENBURG THALM/SH SH, while Oppenheimer raised its price target from $24.00 to $26.00.
• Gladstone Capital reported earnings of $0.50 per share for the last quarter, meeting analysts' expectations, with revenues of $21.66 million.
• Institutional investors have shown increased interest in Gladstone Capital, with several firms boosting their stakes in the company recently.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) was upgraded by LADENBURG THALM/SH SH to a "hold" rating in a report released on Wednesday,Zacks.com reports.

A number of other analysts have also recently commented on GLAD. Oppenheimer lifted their price objective on Gladstone Capital from $24.00 to $26.00 and gave the stock a "market perform" rating in a research report on Wednesday, August 6th. B. Riley upgraded Gladstone Capital to a "hold" rating in a report on Monday, June 16th.

Gladstone Capital Price Performance

Gladstone Capital stock traded up $0.04 during midday trading on Wednesday, reaching $27.21. 45,679 shares of the company were exchanged, compared to its average volume of 100,870. The company has a market capitalization of $607.51 million, a price-to-earnings ratio of 8.05 and a beta of 1.01. The firm's 50-day simple moving average is $27.47 and its 200-day simple moving average is $27.08. Gladstone Capital has a 1 year low of $21.96 and a 1 year high of $30.43. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.08 and a current ratio of 0.08.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The investment management company reported $0.50 EPS for the quarter, hitting analysts' consensus estimates of $0.50. The firm had revenue of $21.66 million during the quarter, compared to analysts' expectations of $21.93 million. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%. On average, analysts anticipate that Gladstone Capital will post 2.03 EPS for the current year.

Institutional Investors Weigh In On Gladstone Capital

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Gladstone Capital by 44.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,035 shares of the investment management company's stock valued at $385,000 after acquiring an additional 4,293 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Gladstone Capital by 78.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company's stock valued at $94,000 after acquiring an additional 1,496 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Gladstone Capital in the 4th quarter valued at approximately $840,000. Northern Trust Corp increased its holdings in shares of Gladstone Capital by 12.1% in the 4th quarter. Northern Trust Corp now owns 25,023 shares of the investment management company's stock valued at $712,000 after acquiring an additional 2,699 shares during the last quarter. Finally, Ameriflex Group Inc. bought a new stake in shares of Gladstone Capital in the 4th quarter valued at approximately $406,000. 10.72% of the stock is currently owned by hedge funds and other institutional investors.

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.