Wall Street brokerages expect Gladstone Capital Co. (NASDAQ:GLAD) to announce $12.66 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Gladstone Capital’s earnings. The lowest sales estimate is $12.03 million and the highest is $13.29 million. Gladstone Capital posted sales of $11.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The company is expected to announce its next quarterly earnings report on Wednesday, November 13th.
According to Zacks, analysts expect that Gladstone Capital will report full-year sales of $49.98 million for the current fiscal year, with estimates ranging from $49.35 million to $50.61 million. For the next fiscal year, analysts forecast that the company will post sales of $53.92 million, with estimates ranging from $50.81 million to $57.03 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, August 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.21. Gladstone Capital had a return on equity of 10.20% and a net margin of 9.41%. The business had revenue of $12.89 million for the quarter, compared to analyst estimates of $12.42 million.
A number of large investors have recently bought and sold shares of GLAD. Virtus ETF Advisers LLC acquired a new position in Gladstone Capital in the second quarter worth about $3,327,000. Marshall Wace LLP acquired a new position in Gladstone Capital in the second quarter worth about $556,000. Van ECK Associates Corp grew its stake in Gladstone Capital by 13.4% in the second quarter. Van ECK Associates Corp now owns 275,262 shares of the investment management company’s stock worth $2,582,000 after purchasing an additional 32,538 shares in the last quarter. Morgan Stanley grew its stake in Gladstone Capital by 19.3% in the second quarter. Morgan Stanley now owns 168,767 shares of the investment management company’s stock worth $1,583,000 after purchasing an additional 27,263 shares in the last quarter. Finally, D.A. Davidson & CO. grew its stake in Gladstone Capital by 18.0% in the second quarter. D.A. Davidson & CO. now owns 84,099 shares of the investment management company’s stock worth $789,000 after purchasing an additional 12,820 shares in the last quarter. Institutional investors and hedge funds own 13.04% of the company’s stock.
NASDAQ:GLAD opened at $9.74 on Wednesday. The company has a market capitalization of $286.16 million, a price-to-earnings ratio of 11.46 and a beta of 1.15. Gladstone Capital has a one year low of $6.41 and a one year high of $9.90. The stock has a 50-day simple moving average of $9.60 and a 200 day simple moving average of $9.41. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.09 and a current ratio of 0.09.
The company also recently declared a monthly dividend, which will be paid on Thursday, October 31st. Investors of record on Tuesday, October 22nd will be paid a $0.07 dividend. The ex-dividend date is Monday, October 21st. This represents a $0.84 dividend on an annualized basis and a yield of 8.62%. Gladstone Capital’s dividend payout ratio (DPR) is 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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