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 Date5/1/2019 (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, January 9th. Investors of record on Wednesday, February 20th will be given a dividend of $0.07 per share on Thursday, February 28th. This represents a $0.84 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date of this dividend is Tuesday, February 19th. View Gladstone Capital's Dividend History.
How were Gladstone Capital's earnings last quarter?
Gladstone Capital Co. (NASDAQ:GLAD) issued its quarterly earnings results on Wednesday, February, 6th. The investment management company reported $0.21 earnings per share for the quarter, meeting the consensus estimate of $0.21. The investment management company earned $11.91 million during the quarter, compared to the consensus estimate of $12.13 million. Gladstone Capital had a net margin of 16.68% and a return on equity of 9.99%. View Gladstone Capital's Earnings History.
When is Gladstone Capital's next earnings date?
What price target have analysts set for GLAD?
1 brokerages have issued 1 year price targets for Gladstone Capital's shares. Their predictions range from $7.00 to $7.00. On average, they expect Gladstone Capital's stock price to reach $7.00 in the next year. This suggests that the stock has a possible downside of 22.6%. View Analyst Price Targets for Gladstone Capital.
What is the consensus analysts' recommendation for Gladstone Capital?
1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Gladstone Capital in the last year. There are currently 1 sell rating for the stock, resulting in a consensus recommendation of "Sell." 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. " (2/13/2019)
- 2. National Securities analysts commented, " Gladstone’s NAV/share decreased by 4.1% on the quarter to $7.98 from $8.32 after falling by 6.1% Q/Q the quarter prior. Francis was marked at 27% of cost last quarter and during the 12/31/18 quarter GLAD recognized a $26.9mm realized loss on Francis. With the chapter 11 restructuring, Gladstone’s $27.0mm of debt in Francis was rolled into $1.35mm of equity and the company also purchased an additional $5.0mm of equity in the new entity, “FES Resources.”
The portfolio at fair value increased to $431.2mm from $390.1mm Q/Q as Gladstone had very robust originations of $59.2mm and only $8.9mm of repayments. During the quarter the company issued $57.5mm of 2023 notes and has the ability to go above 1.00x D/E. We expect the company to exceed 1.00x in F3Q20 although thus far the company has not decided to reduce fees on incrementally higher leverage and thus the benefit to shareholders from this increase is likely to be muted as fees increase with the augmented balance sheet.
The market has, in our opinion, surprisingly shrugged off substantial NAV declines and continued to award GLAD shares a 12% premium to 12/31/18 NAV (as of 2/8/19). Despite the dividend being earned on a NII basis we do not expect NII/share to have growth levers.
Additionally, while GLAD wrapped up 12/31/18 with no non-accruals after the restructuring of Francis, we think there is heightened risk that the largely non-sponsor LMM portfolio experiences further stress going forward. Accordingly, we continue to think shares warrant a discount to forward NAV estimates. We note that our target price of $7 represents an 11% discount to our F4Q20 NAV/share estimate of $7.83, which is only a decrease of 1.9% from F1Q19 levels.
We are maintaining our fiscal 2019 NII/share estimate of $0.84 and revising our fiscal 2020 NII/share estimate to $0.86 from $0.84. " (2/11/2019)
Has Gladstone Capital been receiving favorable news coverage?
News stories about GLAD stock have been trending somewhat negative recently, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Gladstone Capital earned a coverage optimism score of -1.6 on InfoTrie's scale. They also assigned media coverage about the investment management company a news buzz of 5.0 out of 10, meaning that recent news coverage is somewhat likely to have an effect 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), Blackrock Muniyield Insured Fund (MYI), General American Investors (GAM), Tekla Healthcare Investors (HQH), Templeton Global Income Fund (GIM), Goldman Sachs BDC (GSBD), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Templeton Dragon Fund (TDF), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), Invesco Municipal Trust (VKQ), Blackrock Muniyield Fund (MYD), John Hancock Financial Opprts Fund (BTO), The India Fund (IFN) and INVESCO VAN KAM/COM (VCV).
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 institutional and retail investors. Top institutional investors include Advisors Asset Management Inc. (1.08%), Two Sigma Advisers LP (0.50%), Mckinley Capital Management LLC Delaware (0.49%), Legal & General Group Plc (0.45%), LPL Financial LLC (0.43%) and BlackRock Inc. (0.42%). 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 Advisors Asset Management Inc., Two Sigma Investments LP, D. E. Shaw & Co. Inc., Nuveen Fund Advisors LLC, Two Sigma Advisers LP, Mckinley Capital Management LLC Delaware, BlackRock Inc. and Koshinski Asset Management Inc.. View Insider Buying and Selling for Gladstone Capital.
Which major investors are buying Gladstone Capital stock?
GLAD stock was bought by a variety of institutional investors in the last quarter, including Global Strategic Management Inc., Summit Global Investments, D.A. Davidson & CO., Legal & General Group Plc, LPL Financial LLC, PFG Advisors, PFG Advisors and TCI Wealth Advisors Inc.. 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 $9.04.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $257.69 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.
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.
