Shares of Gladstone Capital Co. (NASDAQ:GLAD) have been assigned an average recommendation of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $8.50.
A number of equities analysts recently commented on the company. TheStreet lowered Gladstone Capital from a “b” rating to a “c” rating in a research note on Friday, August 23rd. BidaskClub lowered Gladstone Capital from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 17th.
Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace North America L.P. acquired a new position in Gladstone Capital in the first quarter valued at approximately $39,000. TCI Wealth Advisors Inc. boosted its position in Gladstone Capital by 58.5% in the third quarter. TCI Wealth Advisors Inc. now owns 5,681 shares of the investment management company’s stock worth $55,000 after purchasing an additional 2,096 shares during the last quarter. Prospera Financial Services Inc purchased a new position in Gladstone Capital in the second quarter worth $87,000. Winslow Evans & Crocker Inc. boosted its position in 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 during the last quarter. Finally, Good Life Advisors LLC purchased a new position in Gladstone Capital in the second quarter worth $115,000. 13.00% of the stock is currently owned by hedge funds and other institutional investors.
The firm also recently declared a monthly dividend, which was paid on Thursday, October 31st. Shareholders of record on Tuesday, October 22nd were paid a $0.07 dividend. This represents a $0.84 annualized dividend and a yield of 8.32%. The ex-dividend date was Monday, October 21st. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.82%.
About Gladstone Capital
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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