Gladstone Capital (NASDAQ:GLAD) Rating Increased to Strong-Buy at BidaskClub

BidaskClub upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a buy rating to a strong-buy rating in a research note released on Friday, BidAskClub reports.

Separately, TheStreet cut shares of Gladstone Capital from a b rating to a c rating in a research report on Friday, August 23rd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a strong buy rating to the stock. Gladstone Capital presently has a consensus rating of Hold and a consensus price target of $8.50.

Gladstone Capital stock traded up $0.07 during trading on Friday, reaching $10.49. 6,051 shares of the company’s stock were exchanged, compared to its average volume of 153,914. The company’s 50-day moving average is $9.88 and its two-hundred day moving average is $9.51. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.36 and a current ratio of 0.36. Gladstone Capital has a 52-week low of $6.41 and a 52-week high of $10.69. The firm has a market cap of $322.58 million, a price-to-earnings ratio of 12.48 and a beta of 1.14.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, November 13th. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Gladstone Capital had a return on equity of 10.26% and a net margin of 39.71%. The business had revenue of $12.72 million for the quarter, compared to analysts’ expectations of $12.66 million. Analysts anticipate that Gladstone Capital will post 0.85 EPS for the current year.

The company also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th will be given a $0.07 dividend. The ex-dividend date is Monday, November 18th. Gladstone Capital’s payout ratio is currently 100.00%.

A number of large investors have recently bought and sold shares of GLAD. Marshall Wace North America L.P. bought a new position in shares of Gladstone Capital in the first quarter valued at approximately $39,000. TCI Wealth Advisors Inc. lifted its holdings 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 valued at $55,000 after acquiring an additional 2,096 shares during the period. Prospera Financial Services Inc bought a new position in Gladstone Capital in the second quarter valued at about $87,000. Winslow Evans & Crocker Inc. raised 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 buying an additional 5,300 shares during the period. Finally, Good Life Advisors LLC bought a new position in shares of Gladstone Capital in the second quarter worth about $115,000. 13.30% of the stock is owned by institutional investors.

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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