Gladstone Capital (NASDAQ:GLAD) Upgraded to Hold at ValuEngine

ValuEngine upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a report published on Wednesday morning, ValuEngine reports.

GLAD has been the topic of a number of other reports. TheStreet raised Gladstone Capital from a c rating to a b rating in a report on Friday, December 6th. Zacks Investment Research lowered Gladstone Capital from a hold rating to a sell rating in a report on Wednesday, January 8th. Finally, BidaskClub lowered Gladstone Capital from a hold rating to a sell rating in a report on Saturday, January 11th. Three equities research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock has an average rating of Sell and a consensus target price of $8.50.

Shares of GLAD traded up $0.07 during trading hours on Wednesday, reaching $10.43. 3,706 shares of the company’s stock traded hands, compared to its average volume of 156,324. The business’s fifty day simple moving average is $10.22 and its two-hundred day simple moving average is $9.77. The firm has a market capitalization of $310.70 million, a price-to-earnings ratio of 12.40 and a beta of 1.11. Gladstone Capital has a twelve month low of $8.03 and a twelve month high of $10.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.36 and a quick ratio of 0.36.

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

The company also recently announced a monthly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 24th will be issued a dividend of $0.07 per share. This represents a $0.84 dividend on an annualized basis and a yield of 8.05%. The ex-dividend date of this dividend is Thursday, January 23rd. Gladstone Capital’s payout ratio is currently 100.00%.

A number of large investors have recently added to or reduced their stakes in GLAD. Summit Global Investments lifted its holdings in shares of Gladstone Capital by 1.5% during the 2nd quarter. Summit Global Investments now owns 74,682 shares of the investment management company’s stock valued at $701,000 after buying an additional 1,100 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its stake in Gladstone Capital by 2.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 59,875 shares of the investment management company’s stock valued at $562,000 after buying an additional 1,176 shares in the last quarter. DNB Asset Management AS boosted its stake in Gladstone Capital by 2.6% in the 3rd quarter. DNB Asset Management AS now owns 56,101 shares of the investment management company’s stock valued at $546,000 after buying an additional 1,400 shares in the last quarter. Winslow Evans & Crocker Inc. boosted its stake in Gladstone Capital by 17.2% in the 3rd quarter. Winslow Evans & Crocker Inc. now owns 11,600 shares of the investment management company’s stock valued at $114,000 after buying an additional 1,700 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its stake in Gladstone Capital by 15.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 15,488 shares of the investment management company’s stock valued at $151,000 after buying an additional 2,056 shares in the last quarter. 12.39% of the stock is currently owned by hedge funds and other institutional investors.

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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