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
Industry Investment offices, not elsewhere classified
Sub-IndustryAsset Management & Custody Banks
SectorFinance
SymbolNASDAQ:GLAD
CUSIP37653510
Phone703-287-5800
Debt
Debt-to-Equity Ratio0.55
Current Ratio3.74
Quick Ratio3.74
Price-To-Earnings
Trailing P/E Ratio10.81
Forward P/E Ratio10.68
P/E GrowthN/A
Sales & Book Value
Annual Sales$39.23 million
Price / Sales6.23
Cash Flow$0.8486 per share
Price / Cash10.70
Book Value$8.41 per share
Price / Book1.08
Profitability
EPS (Most Recent Fiscal Year)$0.84
Net Income$17.18 million
Net Margins66.28%
Return on Equity9.87%
Return on Assets5.70%
Miscellaneous
Employees65
Outstanding Shares26,900,000
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, April 11th. Stockholders of record on Friday, April 20th will be paid a dividend of $0.07 per share on Monday, April 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 9.25%. The ex-dividend date of this dividend is Thursday, April 19th. View Gladstone Capital's Dividend History.
How were Gladstone Capital's earnings last quarter?
Gladstone Capital Co. (NASDAQ:GLAD) issued its earnings results on Wednesday, May, 2nd. The investment management company reported $0.21 EPS for the quarter, meeting the Zacks' consensus estimate of $0.21. The investment management company earned $11.09 million during the quarter, compared to analyst estimates of $11.60 million. Gladstone Capital had a return on equity of 9.87% and a net margin of 66.28%. View Gladstone Capital's Earnings History.
When is Gladstone Capital's next earnings date?
What price target have analysts set for GLAD?
3 equities research analysts have issued 12 month target prices for Gladstone Capital's shares. Their predictions range from $8.00 to $9.40. On average, they expect Gladstone Capital's stock price to reach $8.70 in the next year. 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. " (5/9/2018)
- 2. National Securities analysts commented, "• For fiscal 2Q18, GLAD posted NII/share of $0.21, covering the dividend but a penny shy of our estimate. The company had modest portfolio growth of 1.5% by cost Q/Q and we expect measured growth through fiscal 2018 and 2019.
• Gladstone’s Board approved the reduction in asset coverage permitted for BDCs now and we expect that this will serve to slightly lower ATM issuance and increase overall leverage, with a modestly positive impact on earnings in fiscal 2019 stemming from increased ROE.
• While the company will likely run a more first lien-focused portfolio, it remains to be seen what types of yields the company will be putting on-balance sheet and what D/E level the company will prefer to stay below. We note that we still don’t expect GLAD to approach 1.00x D/E at least through fiscal 2019.
• GLAD had no further non-accruals on the quarter, with the only two non-accruals remaining Alloy Die Casting and Sunshine Media. These have been the only two non-accruals since the 9/30/16 quarter.
• Oil & gas investments totaled $68.1 million or 14.9% of the portfolio at cost as of 3/31/18. Oil prices have been strong and buoyed some optimism in the industry, but we think this is a large concentration for Gladstone and the risk is likely amplified by the fact that these are LMM (lower middle market) sized companies and the performance of these companies is more likely to be meaningfully more volatile during times of unfavorable market dynamics.
• We are revising our fiscal 2018 NII/share estimate to $0.85 from $0.86 and our fiscal 2019 NII/share estimate to $0.89 from $0.87. Our $8 price target represents a 7% discount to our F2019 NAV/share estimate of $8.60 which we believe is fair given the LMM focus of Gladstone and cyclicality of the portfolio." (5/7/2018)
Who are some of Gladstone Capital's key competitors?
Some companies that are related to Gladstone Capital include General American Investors (GAM), Tekla Healthcare Investors (HQH), Solar Capital (SLRC), Blackrock Muniyield Insured Fund (MYI), Goldman Sachs BDC (GSBD), Templeton Global Income Fund, Inc. Common Stock (GIM), Invesco Van Kampen Munpl Oprtnty Tr (VMO), Templeton Dragon Fund Inc common stock (TDF), John Hancock Financial Opprts Fund (BTO), Invesco Van Kmpn Trst Fr Invst Grd Mncpl (VGM), The India Fund, Inc. Common Stock (IFN), Invesco Municipal Trust (VKQ), Blackrock Muniyield Fund (MYD), BlackRock Debt Strategies Fund (DSU) and Adams Natural Resources Fund (PEO).
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?
Media coverage about GLAD stock has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Gladstone Capital earned a coverage optimism score of 0.03 on Accern's scale. They also gave media coverage about the investment management company an impact score of 45.41 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the next several days.
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 UBS Group AG (0.98%), LPL Financial LLC (0.73%), Van ECK Associates Corp (0.73%), GSA Capital Partners LLP (0.52%), BlackRock Inc. (0.51%) and Legal & General Group Plc (0.36%). 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 bought by a variety of institutional investors in the last quarter, including Millennium Management LLC, GSA Capital Partners LLP, LPL Financial LLC, Legal & General Group Plc and JPMorgan Chase & 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 $9.08.
How big of a company is Gladstone Capital?
Gladstone Capital has a market capitalization of $244.23 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 $0.84 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 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.
