Gladstone Capital Corporation is a business development company specializing in 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. It prefers to acquire minority stakes and also prefers to take minority stake in its portfolio companies. 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
Stock Exchange NASDAQ
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:GLAD
CUSIP37653510
Phone703-287-5800
Debt
Debt-to-Equity Ratio0.48
Current Ratio2.93
Quick Ratio2.93
Price-To-Earnings
Trailing P/E Ratio11.13
Forward P/E Ratio10.85
P/E GrowthN/A
Sales & Book Value
Annual Sales$39.23 million
Price / Sales6.61
Cash Flow$0.8338 per share
Price / Cash11.19
Book Value$8.41 per share
Price / Book1.11
Profitability
EPS (Most Recent Fiscal Year)$0.84
Net Income$17.18 million
Net Margins75.38%
Return on Equity9.84%
Return on Assets5.66%
Miscellaneous
Employees65
Outstanding Shares27,800,000
Market Cap$264.11 million
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 Tuesday, October 9th. Shareholders of record on Friday, October 19th will be given a dividend of $0.07 per share on Wednesday, October 31st. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.00%. The ex-dividend date is Thursday, October 18th. View Gladstone Capital's Dividend History.
How were Gladstone Capital's earnings last quarter?
Gladstone Capital Co. (NASDAQ:GLAD) issued its earnings results on Tuesday, July, 31st. The investment management company reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.01. The investment management company earned $12.38 million during the quarter, compared to the consensus estimate of $11.62 million. Gladstone Capital had a return on equity of 9.84% and a net margin of 75.38%. View Gladstone Capital's Earnings History.
When is Gladstone Capital's next earnings date?
What price target have analysts set for GLAD?
2 analysts have issued 1 year target prices for Gladstone Capital's shares. Their predictions range from $8.00 to $8.00. On average, they expect Gladstone Capital's stock price to reach $8.00 in the next year. This suggests that the stock has a possible downside of 14.3%. 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 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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. " (10/9/2018)
- 2. National Securities analysts commented, "For fiscal 3Q18 Gladstone posted NII/share of $0.22, a penny above our estimate as well as the quarterly dividend. The portfolio at cost increased by $6.7 million Q/Q as the increase in repayments offset a generally flat origination volume on the quarter.
We continue to expect GLAD to utilize its increased available leverage that received Board approval but we do not expect leverage to surpass 0.80x through fiscal 2019 at least. D/E finished 6/30/18 at 0.69x and we think that a Y/Y uptick will serve to partially offset what should be steady origination volume Y/Y, as we see it.
While there is the potential for increased earnings post-fiscal 2019 as leverage helps boost ROE, GLAD shareholders will not reap the lion’s share of benefits from increased available balance sheet leverage as the 175 bps base fee is not being lowered. Thus, even with increased portfolio growth driven by more leverage it will be difficult for this to not be eclipsed by higher fees that are charged as a percentage of gross assets.
Previous non-accrual Alloy Die Casting was placed back on accrual status during the quarter. The company had a cost of $7.9 million with fair value increasing to $5.4 million from $4.3 million during the quarter.
The positive outcome from Alloy Die helped drive the 2.8% quarterly increase in NAV/share to $8.86 from $8.62. Management noted on the call that they expect oil and gas exposure to be reduced from a likely repayment of one of the investments. Any reduction in cyclicality in the portfolio would likely be a positive for valuation.
Our $8 price target represents a 9% discount to our F4Q19 NAV/share estimate which we think is generally in-line with where the sector will likely trade a lower middle market lender especially this late in the credit cycle, in our opinion. We are maintaining our 2018 NII/share estimate of $0.86 and revising our 2019 NII/share estimate to $0.88 from $0.89." (8/6/2018)
Who are some of Gladstone Capital's key competitors?
Some companies that are related to Gladstone Capital include AllianceBernstein Global Hgh Incm Fd (AWF), Tekla Healthcare Investors (HQH), General American Investors (GAM), Solar Capital (SLRC), Goldman Sachs BDC (GSBD), Blackrock Muniyield Insured Fund (MYI), Templeton Global Income Fund (GIM), Invesco Van Kampen Munpl Oprtnty Tr (VMO), John Hancock Financial Opprts Fund (BTO), Templeton Dragon Fund (TDF), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), Invesco Municipal Trust (VKQ), Blackrock Muniyield Fund (MYD), The India Fund (IFN) and BlackRock Debt Strategies Fund (DSU).
Who are Gladstone Capital's key executives?
Gladstone Capital's management team includes the folowing people:
- Mr. David John Gladstone, Chairman & CEO (Age 76)
- Mr. Terry Lee Brubaker, Vice Chairman, Assistant Sec. & COO (Age 74)
- Mr. Robert L. Marcotte, Exec. Managing Director and Pres (Age 60)
- Ms. Nicole Schaltenbrand, Chief Financial Officer and Treasurer (Age 35)
- Ms. Karin McLaughlin, Investor Relation Specialist
Who are Gladstone Capital's major shareholders?
Gladstone Capital's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Bank of Montreal Can (0.94%) and DNB Asset Management AS (0.20%). 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 selling Gladstone Capital stock?
Which major investors are buying Gladstone Capital stock?
GLAD stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can. 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 $9.33.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $264.11 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 $0.84 on an earnings per share basis. Gladstone Capital employs 65 workers across the globe.
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.
