Gladstone Capital Co. (GLAD) Receives $7.00 Average Target Price from Brokerages

Shares of Gladstone Capital Co. (NASDAQ:GLAD) have been given a consensus recommendation of “Hold” by the six analysts that are covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $7.00.

Several analysts have recently commented on GLAD shares. National Securities reissued a “neutral” rating and set a $8.00 price target on shares of Gladstone Capital in a research note on Monday, August 6th. BidaskClub raised shares of Gladstone Capital from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 11th. Zacks Investment Research raised shares of Gladstone Capital from a “hold” rating to a “buy” rating and set a $11.00 price target on the stock in a research note on Tuesday, October 9th. Finally, ValuEngine cut shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Wednesday.

In related news, President Robert L. Marcotte purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, November 20th. The shares were acquired at an average cost of $8.71 per share, with a total value of $87,100.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.89% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GLAD. Koshinski Asset Management Inc. acquired a new position in Gladstone Capital in the third quarter valued at approximately $256,000. Novare Capital Management LLC lifted its holdings in Gladstone Capital by 37.0% in the third quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock valued at $311,000 after buying an additional 8,850 shares during the period. California Public Employees Retirement System lifted its holdings in Gladstone Capital by 18.5% in the second quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock valued at $398,000 after buying an additional 6,900 shares during the period. Millennium Management LLC acquired a new position in Gladstone Capital in the first quarter valued at approximately $568,000. Finally, Legal & General Group Plc lifted its holdings in Gladstone Capital by 5.4% in the second quarter. Legal & General Group Plc now owns 100,746 shares of the investment management company’s stock valued at $909,000 after buying an additional 5,203 shares during the period. Institutional investors and hedge funds own 11.97% of the company’s stock.

Gladstone Capital stock traded down $0.07 during trading hours on Thursday, hitting $8.52. 123,642 shares of the stock were exchanged, compared to its average volume of 155,209. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $242.86 million, a price-to-earnings ratio of 10.02 and a beta of 1.03. Gladstone Capital has a 12 month low of $7.80 and a 12 month high of $9.92.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, November 14th. The investment management company reported $0.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.22 by ($0.01). Gladstone Capital had a net margin of 41.00% and a return on equity of 9.83%. The company had revenue of $11.26 million for the quarter, compared to the consensus estimate of $12.00 million. As a group, equities research analysts predict that Gladstone Capital will post 0.86 EPS for the current year.

The business also recently declared a dividend, which was paid on Friday, November 30th. Stockholders of record on Tuesday, November 20th were paid a dividend of $0.07 per share. The ex-dividend date was Monday, November 19th. Gladstone Capital’s dividend payout ratio (DPR) is currently 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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