According to Zacks, “Gladstone Capital Corporation is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies. The Company target small and medium sized private businesses that meet some or all of our criteria, including the potential for growth, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on cash flow, substantial ownership by a buyout fund or a venture capital fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. “
A number of other equities analysts also recently weighed in on the company. BidaskClub downgraded Gladstone Capital from a “buy” rating to a “hold” rating in a research note on Thursday, February 28th. National Securities restated a “sell” rating and issued a $7.00 target price on shares of Gladstone Capital in a research note on Monday, February 11th. Finally, ValuEngine upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Thursday, December 27th. One analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. Gladstone Capital currently has a consensus rating of “Hold” and a consensus price target of $9.00.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, February 6th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $11.91 million during the quarter, compared to the consensus estimate of $12.13 million. Gladstone Capital had a return on equity of 9.99% and a net margin of 16.68%. On average, analysts forecast that Gladstone Capital will post 0.86 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. West Oak Capital LLC raised its holdings in Gladstone Capital by 500.0% during the 1st quarter. West Oak Capital LLC now owns 6,000 shares of the investment management company’s stock valued at $54,000 after acquiring an additional 5,000 shares during the period. PFG Advisors bought a new position in Gladstone Capital in the fourth quarter worth about $84,000. Wambolt & Associates LLC bought a new position in Gladstone Capital in the first quarter worth about $106,000. TCI Wealth Advisors Inc. raised its stake in Gladstone Capital by 53.4% in the fourth quarter. TCI Wealth Advisors Inc. now owns 25,082 shares of the investment management company’s stock worth $183,000 after buying an additional 8,733 shares in the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Gladstone Capital in the third quarter worth about $256,000. Hedge funds and other institutional investors own 11.84% of the company’s stock.
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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