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. “
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Gladstone Capital from a strong-buy rating to a buy rating in a research report on Saturday, November 23rd. TheStreet downgraded shares of Gladstone Capital from a b rating to a c rating in a research note on Friday, August 23rd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Gladstone Capital has a consensus rating of Hold and an average target price of $8.50.
Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, November 13th. The investment management company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.01). The firm had revenue of $12.72 million for the quarter, compared to analysts’ expectations of $12.66 million. Gladstone Capital had a net margin of 39.71% and a return on equity of 10.26%. Equities analysts expect that Gladstone Capital will post 0.85 EPS for the current year.
The company also recently declared a dividend, which was paid on Friday, November 29th. Shareholders of record on Tuesday, November 19th were given a dividend of $0.07 per share. The ex-dividend date was Monday, November 18th. Gladstone Capital’s payout ratio is 100.00%.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. LPL Financial LLC boosted its stake in shares of Gladstone Capital by 4.4% during the second quarter. LPL Financial LLC now owns 145,187 shares of the investment management company’s stock valued at $1,362,000 after purchasing an additional 6,109 shares during the period. Morgan Stanley grew its holdings in Gladstone Capital by 19.3% in the 2nd quarter. Morgan Stanley now owns 168,767 shares of the investment management company’s stock worth $1,583,000 after acquiring an additional 27,263 shares during the last quarter. TCI Wealth Advisors Inc. grew its holdings in Gladstone Capital by 58.5% in the 3rd quarter. TCI Wealth Advisors Inc. now owns 5,681 shares of the investment management company’s stock worth $55,000 after acquiring an additional 2,096 shares during the last quarter. Mckinley Capital Management LLC Delaware increased its position in shares of Gladstone Capital by 3.9% in the second quarter. Mckinley Capital Management LLC Delaware now owns 147,229 shares of the investment management company’s stock valued at $1,381,000 after acquiring an additional 5,526 shares during the period. Finally, Ladenburg Thalmann Financial Services Inc. increased its position in shares of Gladstone Capital by 2.0% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 59,875 shares of the investment management company’s stock valued at $562,000 after acquiring an additional 1,176 shares during the period. Institutional investors and hedge funds own 12.46% of the company’s stock.
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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