About Gladstone Capital (NASDAQ:GLAD)
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
Sub-IndustryAsset Management & Custody Banks
Trailing P/E Ratio9.73333333333333
Forward P/E Ratio10.19
Sales & Book Value
Annual Sales$39.23 million
Price / Sales5.95
Cash Flow$0.84 per share
Price / Cash10.45
Book Value$8.41 per share
Price / Book1.04
Net Income$17.18 million
Return on Equity9.97%
Return on Assets5.95%
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 Wednesday, January 10th. Stockholders of record on Friday, February 16th will be given a dividend of $0.07 per share on Wednesday, February 28th. This represents a $0.84 annualized dividend and a dividend yield of 9.59%. The ex-dividend date of this dividend is Thursday, February 15th. View Gladstone Capital's Dividend History.
How were Gladstone Capital's earnings last quarter?
Gladstone Capital Co. (NASDAQ:GLAD) posted its earnings results on Monday, February, 5th. The investment management company reported $0.21 EPS for the quarter, meeting the consensus estimate of $0.21. The investment management company earned $10.86 million during the quarter, compared to analysts' expectations of $10.72 million. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. View Gladstone Capital's Earnings History.
When will Gladstone Capital make its next earnings announcement?
Where is Gladstone Capital's stock going? Where will Gladstone Capital's stock price be in 2018?
5 equities research analysts have issued 12-month price targets for Gladstone Capital's stock. Their forecasts range from $8.00 to $10.00. On average, they expect Gladstone Capital's stock price to reach $9.16 in the next twelve months. 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, "• Gladstone posted $0.21/share of NII for fiscal 1Q18, matching our estimate as well as the quarterly dividend. The portfolio at cost increased by 9.4% Q/Q but total investment income was largely flat due to fee income being down 69% linked Q/Q due to muted prepayment activity.
• During the quarter GLAD issued 471,000 shares at a weighted average price of $9.69/share, representing 15% premium to 9/30/17 NAV/share. With shares of GLAD and most BDCs under pressure in the current quarter, we expect ATM issuance will likely slow for the quarter ending 3/31/18 but nonetheless expect Gladstone to generate modest portfolio growth.
• NIM should improve as a result of the previous 6.75% preferred being replaced with 6.00% preferred. We also anticipate the credit facility margin over LIBOR to be reduced in the coming quarter, which should provide a tailwind for what we anticipate will continue to be a competitive LMM.
• Oil & gas investments increased to 14.3% of the portfolio at fair value from 9.9% Q/Q as the company made a $20.3 million investment in Impact! Chemical Technologies. However, management noted that subsequent to quarter-end part of an existing energy investment was sold down and thus energy exposure will likely be trimmed for 3/31/18.
• We are revising our fiscal 2018 NII/share estimate to $0.86 from $0.85 and our fiscal 2019 NII/share estimate to $0.87 from $0.86. We are upgrading shares to NEUTRAL from SELL as the current price relative to our $8 target price would represent a positive total return when including dividends. " (2/6/2018)
- 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. " (12/6/2017)
Who are some of Gladstone Capital's key competitors?
Some companies that are related to Gladstone Capital include Blackrock Capital Investment (BKCC), Orchid Island Capital (ORC), On Deck Capital (ONDK), Regional Management (RM), Marlin Business Services (MRLN), NEWTEK Business Services (NEWT), PHH (PHH), Gladstone Investment (GAIN), Fidus Investment (FDUS), Safety Income & Growth (SAFE), Elevate Credit (ELVT), Solar Senior Capital (SUNS), THL Credit (TCRD), WhiteHorse Finance (WHF), Safeguard Scientifics (SFE), Oaktree Strategic Income (OCSI), TriplePoint Venture Growth BDC (TPVG) and MVC Capital (MVC).
Who are Gladstone Capital's key executives?
Gladstone Capital's management team includes the folowing people:
- David J. Gladstone, Chairman of the Board, Chief Executive Officer (Age 74)
- Robert L. Marcotte, President (Age 58)
- Terry Lee Brubaker, Vice Chairman of the Board, Chief Operating Officer, Assistant Secretary (Age 73)
- Nicole Frances Dubas Schaltenbrand, Chief Financial Officer, Chief Accounting Officer, Treasurer (Age 35)
- Michael LiCalsi, General Counsel, Secretary (Age 46)
- Michela A. English, Secretary (Age 67)
- Paul W. Adelgren, Lead Independent Director (Age 74)
- Caren D. Merrick, Independent Director (Age 56)
- John H. Outland, Independent Director (Age 71)
- Anthony W. Parker J.D., Independent Director (Age 71)
Has Gladstone Capital been receiving favorable news coverage?
News coverage about GLAD stock has trended somewhat positive recently, according to Accern Sentiment. Accern identifies negative and positive news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gladstone Capital earned a media sentiment score of 0.20 on Accern's scale. They also gave news headlines about the investment management company an impact score of 47.64 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
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 Bank of Montreal Can (0.92%), Arrowstreet Capital Limited Partnership (0.80%), LPL Financial LLC (0.65%), Two Sigma Investments LP (0.65%), Two Sigma Advisers LP (0.62%) and BlackRock Inc. (0.60%). Company insiders that own Gladstone Capital stock include David Gladstone, Nicole Frances D Schaltenbrand, Robert L Marcotte, Terry Lee Brubaker and Walter H Wilkinson. View Institutional Ownership Trends 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 Arrowstreet Capital Limited Partnership, Two Sigma Investments LP, Goldman Sachs Group Inc., Macquarie Group Ltd., LPL Financial LLC, Bank of Montreal Can, Two Sigma Advisers LP and D.A. Davidson & CO.. 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 $8.76.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $236.23 million and generates $39.23 million in revenue each year. The investment management company earns $17.18 million in net income (profit) each year or $0.90 on an earnings per share basis. Gladstone Capital employs 65 workers across the globe.
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 (GLAD)MarketBeat's community ratings are surveys of what our community members think about Gladstone Capital 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.
Gladstone Capital (NASDAQ:GLAD) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks 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). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst 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.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.40||2.40||2.00||2.00|
|Ratings Breakdown: ||0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|0 Sell Rating(s)|
3 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
1 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$9.16||$9.16||$9.16||$9.08|
|Price Target Upside: ||4.59% upside||2.49% upside||6.51% downside||8.43% downside|
Gladstone Capital (NASDAQ:GLAD) Consensus Price Target History
Gladstone Capital (NASDAQ:GLAD) Analyst Ratings History
(Data available from 3/19/2016 forward)
Gladstone Capital (NASDAQ:GLAD) Earnings History and Estimates Chart
Gladstone Capital (NASDAQ GLAD) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|2/5/2018||Q1 2018||$0.21||$0.21||$10.72 million||$10.86 million||View||Listen|
|11/20/2017||Q4 2017||$0.21||$0.21||$10.72 million||$10.83 million||View||N/A|
|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|
|5/4/2016||Q2 2016||$0.21||$0.17||$10.52 million||$9.46 million||View||N/A|
|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|
|2/3/2014||Q4||$0.21||$0.23||$8.78 million||$8.39 million||View||N/A|
|11/19/2013||Q4||$0.21||$0.22||$8.97 million||$9.35 million||View||N/A|
|7/31/2013||Q3 2013||$0.20||$0.21||$9.58 million||$8.55 million||View||N/A|
|4/30/2013||Q2 2013||$0.20||$0.21||$9.17 million||$8.42 million||View||N/A|
|11/12/2012||Q412||$0.24||$0.22||$10.25 million||$10.04 million||View||N/A|
Gladstone Capital (NASDAQ:GLAD) Earnings Estimates
2018 EPS Consensus Estimate: $0.86
2019 EPS Consensus Estimate: $0.93
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Gladstone Capital (NASDAQ:GLAD) Dividend Information
|Most Recent Dividend:||2/28/2018|
|Payout Ratio:||93.33% (Trailing 12 Months of Earnings) |
97.67% (Based on This Year's Estimates)
95.45% (Based on Next Year's Estimates)
Gladstone Capital (NASDAQ:GLAD) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Gladstone Capital (NASDAQ GLAD) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 5.89%
Institutional Ownership Percentage: 13.63%
Gladstone Capital (NASDAQ GLAD) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|2/8/2018||David Gladstone||CEO||Buy||1,000||$9.12||$9,120.00||1,169,719|| |
|2/8/2018||Nicole Frances D Schaltenbrand||CFO||Buy||1,329||$9.02||$11,987.58||1,329|| |
|2/8/2018||Robert L Marcotte||President||Buy||11,400||$9.04||$103,056.00||405,517|| |
|12/15/2017||Robert L Marcotte||President||Buy||8,200||$9.40||$77,080.00|| |
|11/29/2017||Robert L Marcotte||President||Buy||8,000||$9.82||$78,560.00||381,770|| |
|11/27/2017||Walter H Wilkinson||Director||Buy||6,134||$9.79||$60,051.86||13,517|| |
|8/31/2017||Robert L Marcotte||President||Buy||4,000||$9.22||$36,880.00||370,720|| |
|3/9/2017||Robert L Marcotte||President||Buy||10,000||$8.96||$89,600.00||343,743|| |
|3/7/2017||Robert L Marcotte||President||Sell||20||$9.16||$183.20||343,643|| |
|2/28/2017||Robert L Marcotte||President||Buy||16,000||$9.13||$146,080.00||336,663|| |
|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||321,950|| |
|8/22/2016||Robert L Marcotte||President||Buy||6,000||$8.52||$51,120.00||290,758|| |
|8/15/2016||Terry Lee Brubaker||COO||Sell||20,876||$8.39||$175,149.64||109,610|| |
|8/11/2016||Robert L Marcotte||President||Buy||8,000||$8.35||$66,800.00||286,758|| |
|5/20/2016||Robert L Marcotte||President||Buy||5,000||$7.01||$35,050.00||271,881|| |
|3/4/2016||Robert L Marcotte||President||Buy||6,000||$7.13||$42,780.00||262,429|| |
|2/26/2016||David Gladstone||CEO||Buy||3,925||$6.37||$25,002.25||1,168,719|| |
|12/15/2015||John Dellafiora||insider||Buy||700||$6.75||$4,725.00||700|| |
|12/15/2015||Michael Licalsi||General Counsel||Buy||3,000||$6.46||$19,380.00||6,598|| |
|12/15/2015||Robert L Marcotte||President||Buy||10,000||$6.67||$66,700.00||249,084|| |
|12/11/2015||Robert L Marcotte||President||Buy||10,000||$7.97||$79,700.00||239,084|| |
|12/4/2015||Robert L. Marcotte||President||Buy||5,000||$8.65||$43,250.00||229,084|| |
|10/27/2015||Robert L Marcotte||President||Buy||75,000||$8.55||$641,250.00||221,111|| |
|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||19,810|| |
|11/26/2013||Terry Lee Brubaker||COO||Sell||40,914||$9.82||$401,775.48||123,883|| |
Gladstone Capital (NASDAQ GLAD) News Headlines
Gladstone Capital (NASDAQ:GLAD) SEC Filings
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Gladstone Capital (NASDAQ:GLAD) Income Statement, Balance Sheet and Cash Flow Statement
Gladstone Capital (NASDAQ GLAD) Stock Chart for Monday, March, 19, 2018