Gladstone Capital Corporation Company Profile (NASDAQ:GLAD)

Gladstone Capital Corporation trades on the NASDAQ under the ticker symbol "GLAD."

Gladstone Capital Corporation declared a monthly dividend on Wednesday, October 11th. Stockholders of record on Tuesday, December 19th will be given a dividend of $0.07 per share on Friday, December 29th. This represents a $0.84 annualized dividend and a dividend yield of 8.63%. The ex-dividend date of this dividend is Monday, December 18th. View Gladstone Capital Corporation's Dividend History.

Gladstone Capital Corporation (NASDAQ:GLAD) released its quarterly earnings results on Wednesday, August, 2nd. The company reported $0.21 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.21. The company had revenue of $9.63 million for the quarter, compared to analysts' expectations of $10.30 million. Gladstone Capital Corporation had a net margin of 85.01% and a return on equity of 9.88%. View Gladstone Capital Corporation's Earnings History.

Gladstone Capital Corporation is scheduled to release their next quarterly earnings announcement on Monday, November, 20th 2017. View Earnings Estimates for Gladstone Capital Corporation.

5 brokers have issued 1-year target prices for Gladstone Capital Corporation's stock. Their predictions range from $8.00 to $10.00. On average, they expect Gladstone Capital Corporation's stock price to reach $9.16 in the next twelve months. View Analyst Ratings for Gladstone Capital Corporation.

Here are some recent quotes from research analysts about Gladstone Capital Corporation stock:

• 1. National Securities analysts commented, "• Gladstone offered $51.8 million of 2024 term preferred stock (gross, inclusive of the green shoe) at 6.00% and subsequently redeemed its $6.75% 2021 preferred stock. The 75 bps savings is much needed as GLAD has historically had a relatively high cost of capital compared to peers. We expect the credit facility to average 50.4% of funding for fiscal 2017 and 64.2% for fiscal 2018 and expect the rate on the credit facility to be lowered in fiscal 2Q18. As a result we project the all-in cost of funds to decline to 5.75% for fiscal 2018 from our 6.64% estimate for fiscal 2017.
  • While the interest savings are a positive for NIM (net investment margin) we note that we expect earnings growth to be muted for Gladstone as the cost of capital remains high relative to where loans are currently priced. Despite the LMM not being as frothy as the UMM and broadly syndicated market, there is nonetheless still spread compression and we expect that GLAD will pivot from its increased second lien exposure in favor of more first lien debt and this will also weigh on yields.
  • We remain SELL rated on Gladstone given a valuation we think is above where the fair value of the stock should be. Our $8 price target is a mere 5% fiscal 4Q18E NAV/share discount, which we think is reasonable, especially for a LMM lender with 42% of its portfolio at cost in second lien debt and over 8% of the portfolio at fair value in oil and gas. We are revising our fiscal 2017 NII/share estimate to $0.84 from $0.85 and our fiscal 2018 NII/share estimate to $0.87 from $0.85." (9/26/2017)
• 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. " (7/4/2017)

Some companies that are related to Gladstone Capital Corporation include PennantPark Floating Rate Capital (PFLT), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Gladstone Investment Corporation (GAIN), Medley Capital Corporation (MCC), WhiteHorse Finance (WHF), THL Credit (TCRD), Solar Senior Capital (SUNS), Invesco Bond Fund (VBF), TriplePoint Venture Growth BDC Corp. (TPVG), Stellus Capital Investment Corporation (SCM), Alcentra Capital Corp. (ABDC), KCAP Financial (KCAP), Horizon Technology Finance Corporation (HRZN), GSV Capital Corp (GSVC) and American Capital Senior Floating (ACSF).

Gladstone Capital Corporation's management team includes the folowing people:

• David J. Gladstone, Chairman of the Board, Chief Executive Officer
• Robert L. Marcotte, President
• Terry Lee Brubaker, Vice Chairman of the Board, Chief Operating Officer, Assistant Secretary
• Nicole Frances Dubas Schaltenbrand, Chief Financial Officer, Chief Accounting Officer, Treasurer
• Michael LiCalsi, General Counsel, Secretary
• Michela A. English, Secretary
• Paul W. Adelgren, Lead Independent Director
• Caren D. Merrick, Independent Director
• John H. Outland, Independent Director
• Anthony W. Parker J.D., Independent Director

Shares of Gladstone Capital Corporation can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Gladstone Capital Corporation stock can currently be purchased for approximately $9.73.