Prospera Financial Services Inc bought a new position in Gladstone Capital Co. (NASDAQ:GLAD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 11,175 shares of the investment management company’s stock, valued at approximately $87,000.
Several other institutional investors and hedge funds have also bought and sold shares of GLAD. Marshall Wace North America L.P. purchased a new position in shares of Gladstone Capital in the first quarter worth about $39,000. Winslow Evans & Crocker Inc. increased its stake in shares of Gladstone Capital by 115.2% in the second quarter. Winslow Evans & Crocker Inc. now owns 9,900 shares of the investment management company’s stock worth $94,000 after purchasing an additional 5,300 shares in the last quarter. Good Life Advisors LLC purchased a new position in shares of Gladstone Capital in the second quarter worth about $115,000. Wambolt & Associates LLC increased its stake in shares of Gladstone Capital by 61.5% in the second quarter. Wambolt & Associates LLC now owns 18,603 shares of the investment management company’s stock worth $174,000 after purchasing an additional 7,085 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its stake in shares of Gladstone Capital by 20.8% in the second quarter. Koshinski Asset Management Inc. now owns 29,640 shares of the investment management company’s stock worth $278,000 after purchasing an additional 5,096 shares in the last quarter. Hedge funds and other institutional investors own 13.34% of the company’s stock.
Several equities analysts have recently weighed in on GLAD shares. TheStreet downgraded shares of Gladstone Capital from a “b” rating to a “c” rating in a research note on Friday, August 23rd. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 11th. Finally, BidaskClub raised shares of Gladstone Capital from a “hold” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $9.33.
Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, August 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21. Gladstone Capital had a net margin of 9.41% and a return on equity of 10.20%. The business had revenue of $12.89 million during the quarter, compared to analyst estimates of $12.42 million. Analysts anticipate that Gladstone Capital Co. will post 0.84 earnings per share for the current fiscal year.
The business also recently announced a dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, September 16th. Gladstone Capital’s payout ratio is presently 98.82%.
Gladstone Capital Company Profile
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.
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