Weiss Ratings Reiterates Buy (B-) Rating for Gladstone Capital (NASDAQ:GLAD)

Key Points

• Weiss Ratings has reaffirmed a "buy (B-)" rating for Gladstone Capital (NASDAQ: GLAD), indicating confidence in the stock's potential.
• Oppenheimer raised Gladstone Capital's price target from $24.00 to $26.00, contributing to a consensus rating of "Hold" with an average price target of $24.50.
• The company's recent quarterly earnings report showed earnings per share at $0.50, matching analyst expectations, with revenue slightly below estimates at $21.66 million.

Gladstone Capital (NASDAQ:GLAD - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Several other analysts have also weighed in on the company. B. Riley raised Gladstone Capital to a "hold" rating in a report on Monday, June 16th. LADENBURG THALM/SH SH raised Gladstone Capital to a "hold" rating in a report on Wednesday, August 6th. Finally, Oppenheimer lifted their price objective on Gladstone Capital from $24.00 to $26.00 and gave the stock a "market perform" rating in a report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $24.50.

Gladstone Capital Stock Performance

GLAD traded up $0.06 during midday trading on Tuesday, reaching $20.22. The company's stock had a trading volume of 81,637 shares, compared to its average volume of 126,063. The stock has a market cap of $451.40 million, a P/E ratio of 5.96 and a beta of 0.99. The company has a fifty day simple moving average of $24.39 and a 200 day simple moving average of $25.75. The company has a current ratio of 0.08, a quick ratio of 0.08 and a debt-to-equity ratio of 0.06. Gladstone Capital has a twelve month low of $19.29 and a twelve month high of $30.43.

Gladstone Capital (NASDAQ:GLAD - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The investment management company reported $0.50 earnings per share for the quarter, hitting the consensus estimate of $0.50. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%.The company had revenue of $21.66 million for the quarter, compared to analyst estimates of $21.93 million. Research analysts expect that Gladstone Capital will post 2.03 earnings per share for the current year.

Hedge Funds Weigh In On Gladstone Capital

Several institutional investors have recently bought and sold shares of the business. Good Life Advisors LLC raised its position in Gladstone Capital by 3.7% in the 2nd quarter. Good Life Advisors LLC now owns 11,307 shares of the investment management company's stock valued at $305,000 after purchasing an additional 403 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Gladstone Capital by 1.6% during the first quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company's stock worth $792,000 after acquiring an additional 456 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Gladstone Capital by 3.7% during the first quarter. Cetera Investment Advisers now owns 14,832 shares of the investment management company's stock worth $407,000 after acquiring an additional 534 shares during the last quarter. Kovack Advisors Inc. raised its position in shares of Gladstone Capital by 1.8% during the first quarter. Kovack Advisors Inc. now owns 38,561 shares of the investment management company's stock worth $1,059,000 after acquiring an additional 669 shares during the last quarter. Finally, Belpointe Asset Management LLC raised its position in shares of Gladstone Capital by 13.5% during the second quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company's stock worth $228,000 after acquiring an additional 1,008 shares during the last quarter. Institutional investors own 10.72% of the company's stock.

Gladstone Capital Company Profile

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.

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