Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains. The Company is focused on investing in lower middle-market companies in the United States. It has investments in south, Midwest, west and northeast of the United States. Its portfolio allocation includes debt investments and equity investments.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: Asset Management & Custody Banks
- Symbol: NASDAQ:GLAD
- CUSIP: 37653510
- Web: www.gladstonecapital.com
- 50 Day Moving Avg: $9.43
- 200 Day Moving Avg: $9.60
- 52 Week Range: $7.33 - $10.12
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 10.98
- P/E Growth: 1.51
- Annual Dividend: $0.84
- Dividend Yield: 8.5%
- Net Margins: 85.01%
- Return on Equity: 9.88%
- Return on Assets: 6.26%
- Debt-to-Equity Ratio: 0.38%
- Current Ratio: 10.52%
- Quick Ratio: 10.52%
- Average Volume: 111,864 shs.
- Beta: 1.2
Frequently Asked Questions for Gladstone Capital Corporation (NASDAQ:GLAD)
What is Gladstone Capital Corporation's stock symbol?
Gladstone Capital Corporation trades on the NASDAQ under the ticker symbol "GLAD."
How often does Gladstone Capital Corporation pay dividends? What is the dividend yield for Gladstone Capital Corporation?
Gladstone Capital Corporation announced a monthly dividend on Wednesday, July 12th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.07 per share on Thursday, August 31st. This represents a $0.84 annualized dividend and a dividend yield of 9.00%. The ex-dividend date of this dividend is Thursday, August 17th. View Gladstone Capital Corporation's Dividend History.
How were Gladstone Capital Corporation's earnings last quarter?
Gladstone Capital Corporation (NASDAQ:GLAD) announced its quarterly earnings data on Wednesday, August, 2nd. The company reported $0.21 EPS for the quarter, hitting analysts' consensus estimates of $0.21. The business earned $9.63 million during the quarter, compared to analysts' expectations of $10.30 million. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%. View Gladstone Capital Corporation's Earnings History.
When will Gladstone Capital Corporation make its next earnings announcement?
Where is Gladstone Capital Corporation's stock going? Where will Gladstone Capital Corporation's stock price be in 2017?
3 equities research analysts have issued 1 year price objectives for Gladstone Capital Corporation's shares. Their predictions range from $8.00 to $10.00. On average, they anticipate Gladstone Capital Corporation's stock price to reach $9.08 in the next twelve months. View Analyst Ratings for Gladstone Capital Corporation.
What are analysts saying about Gladstone Capital Corporation stock?
Here are some recent quotes from research analysts about Gladstone Capital Corporation stock:
- 1. National Securities analysts commented, "• Gladstone posted NII/share of $0.21/share for fiscal 3Q17, a penny above our estimate and matching consensus. Despite strong portfolio growth the past two quarters, revenue was lighter than we had anticipated as fee income fell materially due to very low repayments during the quarter. This has followed the theme of what we have seen this earnings season: significant OID acceleration and prepayment fees in the core-to-upper middle market lenders and very little prepayments and fee income for the lower middle market lenders.
• The portfolio grew by 10.2% Q/Q to $345.5 million from $313.5 million with GLAD originating $35.8 million of investments on the quarter. D/E finished the quarter at 0.65x and the company has significant spare capacity on its credit facility and the ability to utilize its ATM (at-the-market) program to opportunistically issue equity as needed, which we think bodes well for portfolio growth.
• We are revising our fiscal 2017 NII/share estimate to $0.85 from $0.84 and our fiscal 2018 NII/share estimate to $0.85 from $0.86. Even with high effective yields on the loans Gladstone is originating, the cost of capital is too high at this time for earnings growth to materialize even when modeling strong portfolio growth, in our opinion, and we continue to believe shares are overvalued." (8/7/2017)
- 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)
Who are some of Gladstone Capital Corporation's key competitors?
Some companies that are related to Gladstone Capital Corporation include 3i Infrastructure PLC (3IN), Hercules Capital (HTGC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Foresight Solar Fund Ltd (FSFL), TICC Capital Corp. (TICC), KCAP Financial (KCAP), GLI Finance Ltd (GLIF), Andalas Energy and Power PLC (ADL), Alcentra Capital Corp. (ABDC), American Capital Senior Floating (ACSF), Andalas Energy and Power PLC (CEB), Apollo Investment Corporation (AINV), Ares Capital Corporation (ARCC), BlackRock Capital Investment Corporation (BKCC), BlackRock Enhanced Global Dividend Trust (BOE), BlackRock LT Municipal Advantage Trust (BTA) and Blackrock Taxable Municipal Bond Trust (BBN).
Who are Gladstone Capital Corporation's key executives?
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
Who owns Gladstone Capital Corporation stock?
Gladstone Capital Corporation's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Van ECK Associates Corp (0.00%), Bank of Montreal Can (0.00%), Advisors Asset Management Inc. (0.00%), Mckinley Capital Management LLC Delaware (0.00%), Boston Partners (0.00%) and JPMorgan Chase & Co. (0.00%). Company insiders that own Gladstone Capital Corporation stock include David Gladstone, John Dellafiora, Michael Licalsi, Robert L Marcotte and Terry Lee Brubaker. View Institutional Ownership Trends for Gladstone Capital Corporation.
Who sold Gladstone Capital Corporation stock? Who is selling Gladstone Capital Corporation stock?
Gladstone Capital Corporation's stock was sold by a variety of institutional investors in the last quarter, including DnB Asset Management AS, Royal Bank of Canada, WFG Advisors LP and Prospera Financial Services Inc. Company insiders that have sold Gladstone Capital Corporation stock in the last year include Robert L Marcotte and Terry Lee Brubaker. View Insider Buying and Selling for Gladstone Capital Corporation.
Who bought Gladstone Capital Corporation stock? Who is buying Gladstone Capital Corporation stock?
Gladstone Capital Corporation's stock was acquired by a variety of institutional investors in the last quarter, including Bank of Montreal Can, Mckinley Capital Management LLC Delaware, Arrowstreet Capital Limited Partnership, Goldman Sachs Group Inc., GSA Capital Partners LLP, Van ECK Associates Corp, Financial Counselors Inc. and CIBC World Markets Inc.. Company insiders that have bought Gladstone Capital Corporation stock in the last two years include David Gladstone, John Dellafiora, Michael Licalsi and Robert L Marcotte. View Insider Buying and Selling for Gladstone Capital Corporation.
How do I buy Gladstone Capital Corporation stock?
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.
What is Gladstone Capital Corporation's stock price today?
MarketBeat Community Rating for Gladstone Capital Corporation (NASDAQ GLAD)MarketBeat's community ratings are surveys of what our community members think about Gladstone Capital Corporation and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Gladstone Capital Corporation stock can currently be purchased for approximately $9.33.
Consensus Ratings for Gladstone Capital Corporation (NASDAQ:GLAD) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 1 Hold Rating, 1 Buy Rating|
|Consensus Rating:||Hold (Score: 2.00)|
|Consensus Price Target: ||$9.08 (2.64% downside)|
Analysts' Ratings History for Gladstone Capital Corporation (NASDAQ:GLAD)
(Data available from 9/19/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/7/2017||National Securities||Reiterated Rating||Sell||$8.00||Low|
|5/4/2017||Hilliard Lyons||Upgrade||Underperform -> Neutral||$8.50 -> $9.25||High|
|3/29/2017||DA Davidson||Reiterated Rating||Buy||$10.00||High|
|4/28/2016||Janney Montgomery Scott||Reiterated Rating||Neutral||$7.50||N/A|
|2/9/2016||Cantor Fitzgerald||Reiterated Rating||Hold||$7.00||N/A|
Earnings History for Gladstone Capital Corporation (NASDAQ:GLAD)Earnings History by Quarter for Gladstone Capital Corporation (NASDAQ GLAD)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/2/2017||Q3 2017||$0.21||$0.21||$10.30 million||$9.63 million||View||Listen|
|5/3/2017||Q2 2017||$0.21||$0.21||$9.78 million||$8.79 million||View||Listen|
|2/8/2017||Q416||$0.21||$0.21||$10.22 million||$9.97 million||View||Listen|
|11/21/2016||Q316||$0.21||$0.21||$9.80 million||$9.75 million||View||Listen|
|8/3/2016||Q3||$0.21||$0.21||$10.09 million||$9.84 million||View||Listen|
|2/8/2016||Q116||$0.21||$0.21||$10.18 million||$10.06 million||View||Listen|
|11/23/2015||Q415||$0.24||$0.26||$9.81 million||$10.17 million||View||Listen|
|7/29/2015||Q3||$0.20||$0.23||$10.11 million||$9.94 million||View||Listen|
|5/6/2015||Q215||$0.21||$0.18||$9.51 million||$9.22 million||View||N/A|
|11/12/2014||Q314||$0.21||$0.21||$9.30 million||$8.68 million||View||N/A|
|7/30/2014||Q3 2014||$0.21||$0.24||$9.07 million||$10.18 million||View||N/A|
|4/30/2014||Q2 2014||$0.21||$0.21||$9.39 million||$9.33 million||View||N/A|
|11/12/2012||Q412||$0.24||$0.22||$10.25 million||$10.04 million||View||N/A|
Earnings Estimates for Gladstone Capital Corporation (NASDAQ:GLAD)
2017 EPS Consensus Estimate: $0.63
2018 EPS Consensus Estimate: $0.84
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Gladstone Capital Corporation (NASDAQ:GLAD)
|Most Recent Dividend:||8/31/2017|
|Payout Ratio:||62.22% (Trailing 12 Months of Earnings) |
110.53% (Based on This Year's Estimates)
98.82% (Based on Next Year's Estimates)
Dividend History by Quarter for Gladstone Capital Corporation (NASDAQ GLAD)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Gladstone Capital Corporation (NASDAQ:GLAD)
Insider Ownership Percentage: 6.45%Insider Trades by Quarter for Gladstone Capital Corporation (NASDAQ:GLAD)
Institutional Ownership Percentage: 14.42%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|8/31/2017||Robert L Marcotte||President||Buy||4,000||$9.22||$36,880.00|| |
|3/9/2017||Robert L Marcotte||President||Buy||10,000||$8.96||$89,600.00|| |
|3/7/2017||Robert L Marcotte||President||Sell||20||$9.16||$183.20|| |
|2/28/2017||Robert L Marcotte||President||Buy||16,000||$9.13||$146,080.00|| |
|12/12/2016||Terry Lee Brubaker||COO||Sell||93,334||$8.92||$832,539.28|| |
|10/25/2016||Robert L Marcotte||President||Buy||25,000||$7.98||$199,500.00|| |
|8/22/2016||Robert L Marcotte||President||Buy||6,000||$8.52||$51,120.00|| |
|8/15/2016||Terry Lee Brubaker||COO||Sell||20,876||$8.39||$175,149.64|| |
|8/11/2016||Robert L Marcotte||President||Buy||8,000||$8.35||$66,800.00|| |
|5/20/2016||Robert L Marcotte||President||Buy||5,000||$7.01||$35,050.00|| |
|3/4/2016||Robert L Marcotte||President||Buy||6,000||$7.13||$42,780.00|| |
|2/26/2016||David Gladstone||CEO||Buy||3,925||$6.37||$25,002.25|| |
|12/15/2015||John Dellafiora||insider||Buy||700||$6.75||$4,725.00|| |
|12/15/2015||Michael Licalsi||General Counsel||Buy||3,000||$6.46||$19,380.00|| |
|12/15/2015||Robert L Marcotte||President||Buy||10,000||$6.67||$66,700.00|| |
|12/11/2015||Robert L Marcotte||President||Buy||10,000||$7.97||$79,700.00|| |
|12/4/2015||Robert L. Marcotte||President||Buy||5,000||$8.65||$43,250.00|| |
|10/27/2015||Robert L Marcotte||President||Buy||75,000||$8.55||$641,250.00|| |
|6/1/2015||Caren D Merrick||Director||Buy||1,835||$8.17||$14,991.95|| |
|5/29/2015||Robert L Marcotte||President||Buy||8,000||$7.97||$63,760.00|| |
|5/21/2015||Robert L Marcotte||President||Buy||3,500||$8.79||$30,765.00|| |
|2/20/2015||Robert L Marcotte||President||Buy||13,600||$8.09||$110,024.00|| |
|12/10/2014||Robert L Marcotte||President||Buy||13,700||$8.70||$119,190.00|| |
|12/9/2014||Robert L Marcotte||President||Buy||1,300||$8.66||$11,258.00|| |
|8/8/2014||Robert L Marcotte||President||Buy||10,000||$9.74||$97,400.00|| |
|8/7/2014||Robert L Marcotte||President||Buy||10,000||$9.69||$96,900.00|| |
|8/6/2014||Robert L Marcotte||President||Buy||8,401||$9.62||$80,817.62|| |
|8/5/2014||Robert L Marcotte||President||Buy||11,400||$9.51||$108,414.00|| |
|5/28/2014||Robert L Marcotte||President||Buy||14,000||$9.78||$136,920.00|| |
|5/27/2014||Robert L Marcotte||President||Buy||20,655||$9.76||$201,592.80|| |
|2/10/2014||Robert Marcotte||President||Buy||19,810||$9.39||$186,015.90|| |
|11/26/2013||Terry Lee Brubaker||COO||Sell||40,914||$9.82||$401,775.48|| |
Headline Trends for Gladstone Capital Corporation (NASDAQ:GLAD)
Latest Headlines for Gladstone Capital Corporation (NASDAQ:GLAD)
Gladstone Capital Corporation (GLAD) Chart for Tuesday, September, 19, 2017