Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. It invests in companies engaged in the business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products and services, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense. The fund seeks to invest between $7 million and $30 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million. It prefers to acquire minority stakes. It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Current SymbolNASDAQ:GLAD
Previous Symbol
CUSIP37653510
Phone703-287-5800
Debt
Debt-to-Equity Ratio0.46
Current Ratio3.67
Quick Ratio3.67
Price-To-Earnings
Trailing P/E Ratio9.46
Forward P/E Ratio9.46
P/E GrowthN/A
Sales & Book Value
Annual Sales$45.58 million
Price / Sales5.03
Cash Flow$0.0811 per share
Price / Cash Flow99.10
Book Value$8.53 per share
Price / Book0.94
Profitability
EPS (Most Recent Fiscal Year)$0.85
Net Income$18.64 million
Net Margins41.00%
Return on Equity9.83%
Return on Assets5.64%
Miscellaneous
Employees67
Outstanding Shares28,500,000
Market Cap$238.59 million
OptionableOptionable
Gladstone Capital (NASDAQ:GLAD) Frequently Asked Questions
What is Gladstone Capital's stock symbol?
Gladstone Capital trades on the NASDAQ under the ticker symbol "GLAD."
How often does Gladstone Capital pay dividends? What is the dividend yield for Gladstone Capital?
Gladstone Capital declared a dividend on Tuesday, October 9th. Investors of record on Thursday, December 20th will be given a dividend of $0.07 per share on Monday, December 31st. The ex-dividend date is Wednesday, December 19th. View Gladstone Capital's Dividend History.
How were Gladstone Capital's earnings last quarter?
Gladstone Capital Co. (NASDAQ:GLAD) posted its quarterly earnings results on Wednesday, November, 14th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.22 by $0.01. The investment management company earned $11.26 million during the quarter, compared to analysts' expectations of $12 million. Gladstone Capital had a net margin of 41.00% and a return on equity of 9.83%. View Gladstone Capital's Earnings History.
When is Gladstone Capital's next earnings date?
What price target have analysts set for GLAD?
2 analysts have issued 12 month target prices for Gladstone Capital's stock. Their forecasts range from $7.00 to $7.00. On average, they anticipate Gladstone Capital's stock price to reach $7.00 in the next twelve months. This suggests that the stock has a possible downside of 12.9%. View Analyst Price Targets for Gladstone Capital.
What is the consensus analysts' recommendation for Gladstone Capital?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Capital in the last year. There are currently 1 sell rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Gladstone Capital.
What are Wall Street analysts saying about Gladstone Capital stock?
Here are some recent quotes from research analysts about Gladstone Capital stock:
- 1. According to Zacks Investment Research, "Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies. The Company target small and medium sized private businesses that meet some or all of our criteria, including the potential for growth, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on cash flow, substantial ownership by a buyout fund or a venture capital fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. " (12/13/2018)
- 2. National Securities analysts commented, " Gladstone’s NAV/share declined by 6.1% Q/Q to $8.32 from $8.86 as a result of Francis Drilling being placed on non-accrual status effective 7/1/18. The company marked down both of its second lien debt tranches materially, from 76.2% of cost and 75.9% of cost to 28.7% of cost for each tranche, respectively.
There are a couple worrisome things worth noting here. Firstly, the non-accrual was effective 7/1/18 and yet a day before this Francis had both its second lien term debt tranches marked at about 75% of cost. Secondly, and even worse, is that the company did not disclose the non-accrual status of Francis in the subsequent events in its 6/30/18 10-Q which was filed with the SEC on 7/31/18. On 6/30/18 earnings call which took place on 8/1/18, this was also not mentioned.
We find this to be deeply worrisome, as not disclosing material events like this should be viewed as a red flag. Additionally, we expect that with second lien debt in a bankrupt oil & gas company that the loans at Francis will be written down to zero. This should cause further decreases in NAV/share, in our opinion.
During the quarter, Gladstone also restructured its $30.0mm investment in Sunshine Media Holdings which drove a $28.2mm realized loss on the quarter. At 6/30/18, Sunshine’s total position had an unrealized loss of $27.7 million.
We are revising our fiscal 2019 NII/share estimate to $0.84 from $0.88 and are rolling out our fiscal 2020 NII/share estimate of $0.84. We expect the company to rely heavily on fee waivers through fiscal 2019 to meet its quarterly dividend. Our $7 price target represents an 11% discount to our F4Q20 NAV/share estimate of $7.89" (11/16/2018)
Has Gladstone Capital been receiving favorable news coverage?
Press coverage about GLAD stock has been trending somewhat positive on Tuesday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Gladstone Capital earned a daily sentiment score of 1.9 on InfoTrie's scale. They also gave media coverage about the investment management company a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.
Who are some of Gladstone Capital's key competitors?
Some companies that are related to Gladstone Capital include AllianceBernstein Global Hgh Incm Fd (AWF), Solar Capital (SLRC), Tekla Healthcare Investors (HQH), Blackrock Muniyield Insured Fund (MYI), Templeton Global Income Fund (GIM), General American Investors (GAM), Goldman Sachs BDC (GSBD), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), Invesco Municipal Trust (VKQ), Blackrock Muniyield Fund (MYD), The India Fund (IFN), Templeton Dragon Fund (TDF), John Hancock Financial Opprts Fund (BTO) and Western Asset Managed Municipals Fnd (MMU).
Who are Gladstone Capital's key executives?
Gladstone Capital's management team includes the folowing people:
- Mr. David John Gladstone, Chairman & CEO (Age 76)
- Mr. Terry Lee Brubaker, Vice Chairman, Assistant Sec. & COO (Age 74)
- Mr. Robert L. Marcotte, Exec. Managing Director and Pres (Age 60)
- Ms. Nicole Schaltenbrand, Chief Financial Officer and Treasurer (Age 35)
- Ms. Karin McLaughlin, Investor Relation Specialist
Who are Gladstone Capital's major shareholders?
Gladstone Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (1.35%), Bank of Montreal Can (0.94%), Cornerstone Wealth Management LLC (0.86%), Morgan Stanley (0.56%), BlackRock Inc. (0.46%) and LPL Financial LLC (0.35%). Company insiders that own Gladstone Capital stock include David Gladstone, Nicole Frances D Schaltenbrand, Robert L Marcotte and Walter H Wilkinson. View Institutional Ownership Trends for Gladstone Capital.
Which institutional investors are selling Gladstone Capital stock?
Which institutional investors are buying Gladstone Capital stock?
GLAD stock was bought by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Koshinski Asset Management Inc., Bank of Montreal Can, BlackRock Inc., Cornerstone Wealth Management LLC and Novare Capital Management LLC. Company insiders that have bought Gladstone Capital stock in the last two years include David Gladstone, Nicole Frances D Schaltenbrand, Robert L Marcotte and Walter H Wilkinson. View Insider Buying and Selling for Gladstone Capital.
How do I buy shares of Gladstone Capital?
Shares of GLAD can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Gladstone Capital's stock price today?
One share of GLAD stock can currently be purchased for approximately $8.04.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $238.59 million and generates $45.58 million in revenue each year. The investment management company earns $18.64 million in net income (profit) each year or $0.85 on an earnings per share basis. Gladstone Capital employs 67 workers across the globe.
What is Gladstone Capital's official website?
How can I contact Gladstone Capital?
Gladstone Capital's mailing address is 1521 WESTBRANCH DRIVE SUITE 100, MCLEAN VA, 22102. The investment management company can be reached via phone at 703-287-5800 or via email at [email protected]
MarketBeat Community Rating for Gladstone Capital (NASDAQ GLAD)
MarketBeat's community ratings are surveys of what our community members think about Gladstone Capital and other stocks. Vote "Outperform" if you believe GLAD will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GLAD will underperform the S&P 500 over the long term. You may vote once every thirty days.
