Equities research analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to post sales of $12.17 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings. The lowest sales estimate is $12.13 million and the highest is $12.21 million. Gladstone Capital reported sales of $10.86 million during the same quarter last year, which indicates a positive year-over-year growth rate of 12.1%. The firm is expected to issue its next quarterly earnings results on Monday, February 4th.
On average, analysts expect that Gladstone Capital will report full year sales of $50.98 million for the current financial year, with estimates ranging from $50.97 million to $50.99 million. For the next year, analysts expect that the company will post sales of $56.79 million, with estimates ranging from $56.68 million to $56.90 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Wednesday, November 14th. The investment management company reported $0.21 earnings per share 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.
In other Gladstone Capital news, President Robert L. Marcotte purchased 10,000 shares of the stock in a transaction dated Tuesday, November 20th. The shares were bought at an average cost of $8.71 per share, with a total value of $87,100.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.89% of the company’s stock.
Several large investors have recently modified their holdings of the company. Legal & General Group Plc grew its position in shares of 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 purchasing an additional 5,203 shares during the last quarter. Van ECK Associates Corp grew its position in Gladstone Capital by 2.7% during the second quarter. Van ECK Associates Corp now owns 202,100 shares of the investment management company’s stock worth $1,819,000 after buying an additional 5,304 shares in the last quarter. California Public Employees Retirement System grew its position in Gladstone Capital by 18.5% during the second quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock worth $398,000 after buying an additional 6,900 shares in the last quarter. Novare Capital Management LLC grew its position in Gladstone Capital by 37.0% during the third quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock worth $311,000 after buying an additional 8,850 shares in the last quarter. Finally, Cornerstone Wealth Management LLC grew its position in Gladstone Capital by 5.3% during the third quarter. Cornerstone Wealth Management LLC now owns 239,268 shares of the investment management company’s stock worth $25,054,000 after buying an additional 12,030 shares in the last quarter. 11.87% of the stock is currently owned by institutional investors.
NASDAQ GLAD opened at $8.40 on Friday. Gladstone Capital has a fifty-two week low of $7.80 and a fifty-two week high of $9.92. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.67 and a current ratio of 3.67. The stock has a market cap of $243.15 million, a price-to-earnings ratio of 10.03 and a beta of 0.98.
The firm also recently declared a dividend, which will be paid on Monday, December 31st. Stockholders of record on Thursday, December 20th will be given a $0.07 dividend. The ex-dividend date is Wednesday, December 19th. Gladstone Capital’s dividend payout ratio is currently 98.82%.
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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