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.
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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 Date11/13/2019 (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 declared a monthly dividend on Tuesday, October 8th. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.07 per share on Thursday, October 31st. This represents a $0.84 annualized dividend and a dividend yield of 8.51%. The ex-dividend date of this dividend is Monday, October 21st. View Gladstone Capital's Dividend History.
How were Gladstone Capital's earnings last quarter?
Gladstone Capital Co. (NASDAQ:GLAD) issued its earnings results on Monday, August, 5th. The investment management company reported $0.21 earnings per share for the quarter, hitting the consensus estimate of $0.21. The investment management company had revenue of $12.89 million for the quarter, compared to analyst estimates of $12.42 million. Gladstone Capital had a net margin of 9.41% and a return on equity of 10.20%. View Gladstone Capital's Earnings History.
When is Gladstone Capital's next earnings date?
What price target have analysts set for GLAD?
2 brokers have issued twelve-month price targets for Gladstone Capital's shares. Their forecasts range from $7.00 to $10.00. On average, they expect Gladstone Capital's share price to reach $8.50 in the next year. This suggests that the stock has a possible downside of 13.9%. 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. 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. " (7/11/2019)
- 2. 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)
Has Gladstone Capital been receiving favorable news coverage?
Media stories about GLAD stock have trended somewhat negative recently, InfoTrie reports. The research firm identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded 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 -1.5 on InfoTrie's scale. They also gave news articles about the investment management company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next few days. View News Stories for Gladstone Capital.
Who are some of Gladstone Capital's key competitors?
Some companies that are related to Gladstone Capital include Boulder Growth & Income Fund (BIF), Apollo Investment (AINV), AllianceBernstein Global Hgh Incm Fd (AWF), Tortoise Energy Infrastructure (TYG), PIMCO High Income Fund (PHK), General American Investors (GAM), Blackrock Muniyield Insured Fund (MYI), Solar Capital (SLRC), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Templeton Global Income Fund (GIM), Goldman Sachs BDC (GSBD), Tekla Healthcare Investors (HQH), Invesco Trust for Investment GradeMncpls (VGM), Blackrock Muniyield Fund (MYD) and Invesco Municipal Trust (VKQ).
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 a variety of of retail and institutional investors. Top institutional shareholders include DNB Asset Management AS (0.19%), Wambolt & Associates LLC (0.07%), Winslow Evans & Crocker Inc. (0.04%) and TCI Wealth Advisors Inc. (0.02%). 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 buying Gladstone Capital stock?
GLAD stock was purchased by a variety of institutional investors in the last quarter, including Wambolt & Associates LLC, TCI Wealth Advisors Inc., Winslow Evans & Crocker Inc. and DNB Asset Management AS. 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, Robinhood, Fidelity and Charles Schwab.
What is Gladstone Capital's stock price today?
One share of GLAD stock can currently be purchased for approximately $9.87.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $289.69 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. View Additional Information About Gladstone Capital.
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.
