Equities analysts expect that Gladstone Capital Co. (NASDAQ:GLAD) will post $11.60 million in sales for the current quarter, according to Zacks. Two analysts have provided estimates for Gladstone Capital’s earnings. The lowest sales estimate is $11.41 million and the highest is $11.79 million. Gladstone Capital posted sales of $8.79 million during the same quarter last year, which suggests a positive year-over-year growth rate of 32%. The business is expected to report its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Gladstone Capital will report full-year sales of $11.60 million for the current year, with estimates ranging from $46.53 million to $46.98 million. For the next financial year, analysts forecast that the business will report sales of $50.86 million per share, with estimates ranging from $48.56 million to $53.16 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Monday, February 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. The business had revenue of $10.86 million for the quarter, compared to analyst estimates of $10.72 million. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%.
Shares of Gladstone Capital (GLAD) opened at $8.87 on Wednesday. The company has a current ratio of 5.96, a quick ratio of 5.96 and a debt-to-equity ratio of 0.58. The stock has a market cap of $234.90, a P/E ratio of 9.86 and a beta of 1.11. Gladstone Capital has a 52-week low of $7.80 and a 52-week high of $10.12.
The business also recently announced a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a $0.07 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.84 dividend on an annualized basis and a yield of 9.47%. Gladstone Capital’s dividend payout ratio is currently 93.33%.
In related news, President Robert L. Marcotte bought 8,200 shares of the business’s stock in a transaction on Friday, December 15th. The shares were purchased at an average price of $9.40 per share, for a total transaction of $77,080.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Walter H. Wilkinson bought 6,134 shares of the business’s stock in a transaction on Monday, November 27th. The stock was bought at an average price of $9.79 per share, for a total transaction of $60,051.86. Following the transaction, the director now directly owns 13,517 shares of the company’s stock, valued at $132,331.43. The disclosure for this purchase can be found here. Insiders acquired 36,063 shares of company stock worth $339,855 in the last 90 days. Company insiders own 5.89% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. Macquarie Group Ltd. boosted its position in Gladstone Capital by 465.7% in the fourth quarter. Macquarie Group Ltd. now owns 52,604 shares of the investment management company’s stock valued at $484,000 after buying an additional 43,305 shares in the last quarter. LPL Financial LLC boosted its position in Gladstone Capital by 29.9% in the fourth quarter. LPL Financial LLC now owns 172,925 shares of the investment management company’s stock valued at $1,593,000 after buying an additional 39,816 shares in the last quarter. Two Sigma Investments LP boosted its position in Gladstone Capital by 356.3% in the fourth quarter. Two Sigma Investments LP now owns 172,443 shares of the investment management company’s stock valued at $1,588,000 after buying an additional 134,651 shares in the last quarter. Two Sigma Advisers LP boosted its position in Gladstone Capital by 14.5% in the fourth quarter. Two Sigma Advisers LP now owns 164,009 shares of the investment management company’s stock valued at $1,511,000 after buying an additional 20,800 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in Gladstone Capital by 413.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 106,388 shares of the investment management company’s stock valued at $980,000 after buying an additional 85,672 shares in the last quarter. Hedge funds and other institutional investors own 15.22% of the company’s stock.
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About Gladstone Capital
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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