Gladstone Capital (NASDAQ:GLAD) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Gladstone Capital (NASDAQ:GLAD) from a hold rating to a sell rating in a research report sent to investors on Monday.

Gladstone Capital Stock Down 0.2 %

Shares of Gladstone Capital stock opened at $21.24 on Monday. The business’s fifty day moving average price is $20.58 and its two-hundred day moving average price is $20.57. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05. The company has a market capitalization of $461.97 million, a P/E ratio of 7.38 and a beta of 1.25. Gladstone Capital has a 1-year low of $18.38 and a 1-year high of $22.56.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, February 5th. The investment management company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). The business had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. As a group, research analysts forecast that Gladstone Capital will post 2.2 EPS for the current year.

Gladstone Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be given a dividend of $0.165 per share. This represents a $1.98 annualized dividend and a dividend yield of 9.32%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio (DPR) is presently 68.75%.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds have recently modified their holdings of GLAD. International Assets Investment Management LLC increased its position in shares of Gladstone Capital by 1,319.3% during the 4th quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock valued at $3,673,000 after purchasing an additional 319,081 shares during the period. Quadrature Capital Ltd grew its holdings in shares of Gladstone Capital by 841.0% during the third quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock valued at $1,801,000 after buying an additional 166,935 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Gladstone Capital during the third quarter valued at $881,000. Trexquant Investment LP grew its holdings in shares of Gladstone Capital by 297.8% during the third quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock valued at $633,000 after buying an additional 49,127 shares in the last quarter. Finally, Jump Financial LLC grew its holdings in shares of Gladstone Capital by 154.5% during the third quarter. Jump Financial LLC now owns 62,855 shares of the investment management company’s stock valued at $606,000 after buying an additional 38,155 shares in the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

About Gladstone Capital

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.