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
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
Phone703-287-5800
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$45.58 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date7/30/2019 (Estimated)
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 announced a monthly dividend on Wednesday, April 10th. Shareholders of record on Wednesday, May 22nd will be given a dividend of $0.07 per share on Friday, May 31st. This represents a $0.84 dividend on an annualized basis and a yield of 9.00%. The ex-dividend date of this dividend is Tuesday, May 21st. 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, May, 1st. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by $0.01. The investment management company had revenue of $12.52 million for the quarter, compared to analyst estimates of $12.60 million. Gladstone Capital had a return on equity of 10.12% and a net margin of 16.24%. View Gladstone Capital's Earnings History.
When is Gladstone Capital's next earnings date?
What price target have analysts set for GLAD?
2 brokerages have issued 1-year target prices for Gladstone Capital's stock. Their predictions range from $7.00 to $10.00. On average, they anticipate Gladstone Capital's stock price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 8.9%. 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 hold 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. National Securities analysts commented, "▪ GLAD’s portfolio at fair value declined to $387.7mm from $431.2mm Q/Q. Originations were light at
around $4.0mm while prepayments came in at $48.5mm on the quarter. We expect the significant
prepayment activity drove both prepayment fees as well as accelerated unamortized original issue
discount (OID). Despite the portfolio shrinking, total investment income increased to $12.5mm from
$11.9mm Q/Q.
▪ Unrealized appreciation of $1.0mm and a $2.3mm realized gain drove the NAV/share increase to
$8.11 from $7.98 Q/Q. We suspect that positive technical marks courtesy of loan prices rallying
during the 3/31/19 quarter outweighed some idiosyncratic negative marks. Notably, LWO
Acquisitions Company was marked down to 34% of cost from 61% Q/Q and Gladstone now has it as
a control position. New Trident and Meridian Rack & Pinion were both placed on non-accrual,
although the combined cost is a rather small $8.6mm. Impact! Chemical Technologies and WadeCo
Specialties were merged into a single company, Imperative Holdings Corp. Both share the same
sponsor and Gladstone’s total oil and gas exposure at cost dipped to $37.0mm from $47.9mm Q/Q.
▪ Since 6/30/18, Gladstone’s NAV/share is down 8.4%. The lower middle market (LMM) portfolio is
38% second lien at cost and equity exposure is over 10%. With a constantly aging credit cycle, we
are baffled by the multiple GLAD trades at. Shares closed 5/2/19 at 15% above NAV and we think
that the market is not appropriately discounting the inherent risk in GLAD’s portfolio. The company
has the ability to bring D/E up to 2.00x, although shareholders will not receive any material benefit
over 1.00x D/E as the company has not implemented a break point in base management fees and
thus even with ramped leverage and portfolio growth, we don’t expect NII/share improvement. We
continue to think shares are overvalued.
▪ We are revising our fiscal 2019 NII/share estimate to $0.85 from $0.84 and revising our fiscal 2020
NII/share estimate to $0.84 from $0.86." (5/3/2019)
- 2. 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. " (4/24/2019)
Has Gladstone Capital been receiving favorable news coverage?
News articles about GLAD stock have been trending negative on Sunday, according to InfoTrie. InfoTrie scores the sentiment of media coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Gladstone Capital earned a media sentiment score of -2.0 on InfoTrie's scale. They also gave media coverage about the investment management company a news buzz of 8.0 out of 10, indicating that recent media coverage is very likely to have an impact on the stock's share price in the near future.
Who are some of Gladstone Capital's key competitors?
Some companies that are related to Gladstone Capital include PIMCO High Income Fund (PHK), AllianceBernstein Global Hgh Incm Fd (AWF), Blackrock Muniyield Insured Fund (MYI), Solar Capital (SLRC), General American Investors (GAM), Templeton Global Income Fund (GIM), Tekla Healthcare Investors (HQH), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Goldman Sachs BDC (GSBD), Blackrock Muniyield Fund (MYD), Invesco Trust for Investment GradeMncpls (VGM), Invesco Municipal Trust (VKQ), Templeton Dragon Fund (TDF), Invesco California Value Mncpl Incm Trst (VCV) and Western Asset Managed Municipals Fnd (MMU).
What other stocks do shareholders of Gladstone Capital own?
Who are Gladstone Capital's key executives?
Gladstone Capital's management team includes the folowing people:
- Mr. David John Gladstone, Chairman & CEO (Age 77)
- Mr. Terry Lee Brubaker, Vice Chairman, Assistant Sec. & COO (Age 75)
- Mr. Robert L. Marcotte, Exec. Managing Director and Pres (Age 61)
- Ms. Nicole Schaltenbrand, Chief Financial Officer and Treasurer (Age 36)
- Ms. Karin McLaughlin, Investor Relation Specialist
Who are Gladstone Capital's major shareholders?
Gladstone Capital's stock is owned by many different of institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (1.02%), Bank of Montreal Can (0.80%), Morgan Stanley (0.48%), BlackRock Inc. (0.43%), Novare Capital Management LLC (0.43%) and Global Strategic Management Inc. (0.30%). 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 major investors are selling Gladstone Capital stock?
GLAD stock was sold by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Janney Montgomery Scott LLC, Summit Global Investments, Advisors Asset Management Inc. and Global Strategic Management Inc.. View Insider Buying and Selling for Gladstone Capital.
Which major investors are buying Gladstone Capital stock?
GLAD stock was purchased by a variety of institutional investors in the last quarter, including Shulman DeMeo Asset Management LLC, Wambolt & Associates LLC, Ladenburg Thalmann Financial Services Inc., Novare Capital Management LLC, BlackRock Inc., West Oak Capital LLC, Marshall Wace North America L.P. and Morgan Stanley. 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 $9.33.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $273.84 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.
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.
