Gladstone Capital (NASDAQ:GLAD) Shares Break Above 200-Day Moving Average - What's Next?

Key Points

• Gladstone Capital shares broke above their 200-day moving average, reaching $19.38 and last trading at $19.36, up 0.7%. The stock’s 200-day average is $19.04, while its 50-day average is $19.52.
• Analysts maintain a consensus “Hold” rating on GLAD, with a $21.67 average price target; two analysts rate it Buy and three rate it Hold.
• The company exceeded quarterly EPS expectations, reporting $0.49 versus the $0.48 consensus estimate, and recently paid a $0.18-per-share special dividend.

Gladstone Capital Corporation (NASDAQ:GLAD - Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $19.04 and traded as high as $19.38. Gladstone Capital shares last traded at $19.36, with a volume of 100,838 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Gladstone Capital from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, July 2nd. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Gladstone Capital presently has a consensus rating of "Hold" and a consensus price target of $21.67.

Gladstone Capital Stock Up 0.7%

The firm has a market cap of $437.34 million, a PE ratio of 9.40 and a beta of 0.93. The company's fifty day moving average price is $19.52 and its two-hundred day moving average price is $19.04.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last posted its quarterly earnings results on Tuesday, August 4th. The investment management company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $24.50 million during the quarter, compared to analysts' expectations of $24.90 million. Gladstone Capital had a net margin of 50.48% and a return on equity of 9.67%. As a group, analysts predict that Gladstone Capital Corporation will post 1.99 earnings per share for the current year.

Gladstone Capital Announces Dividend

The firm also recently announced a special dividend, which was paid on Wednesday, September 16th. Stockholders of record on Thursday, September 10th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Thursday, September 10th. Gladstone Capital's dividend payout ratio is 87.38%.

Institutional Trading of Gladstone Capital

Several hedge funds have recently modified their holdings of GLAD. Closed End Fund Advisors Inc. purchased a new stake in shares of Gladstone Capital during the 4th quarter worth approximately $551,000. Miller Global Investments LLC purchased a new position in Gladstone Capital in the 2nd quarter valued at approximately $311,000. Entropy Technologies LP acquired a new position in Gladstone Capital during the first quarter worth $179,000. Finally, Sunbelt Securities Inc. acquired a new position in Gladstone Capital during the first quarter worth $142,000. 10.72% of the stock is owned by institutional investors and hedge funds.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company that provides financing to privately held, lower middle-market companies in the United States. The company primarily seeks to support established businesses with debt and equity capital, often working with companies that may have limited access to traditional bank financing.

Its investment activities generally include senior and subordinated secured loans, unsecured debt, and equity investments. Gladstone Capital may provide financing for acquisitions, recapitalizations, refinancing, growth initiatives, and other corporate purposes.

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