TheStreet Upgrades Gladstone Capital (NASDAQ:GLAD) to B

Gladstone Capital (NASDAQ:GLAD) was upgraded by stock analysts at TheStreet from a “c” rating to a “b” rating in a report issued on Friday, TheStreetRatingsTable reports.

Several other analysts have also commented on GLAD. BidaskClub raised Gladstone Capital from a “buy” rating to a “strong-buy” rating in a report on Wednesday, December 4th. Zacks Investment Research downgraded Gladstone Capital from a “hold” rating to a “sell” rating in a report on Monday, December 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Gladstone Capital has a consensus rating of “Hold” and a consensus target price of $8.50.

Shares of GLAD stock opened at $10.38 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.36 and a debt-to-equity ratio of 0.27. The company has a 50 day moving average price of $10.16 and a 200-day moving average price of $9.61. Gladstone Capital has a 52 week low of $6.41 and a 52 week high of $10.69. The firm has a market capitalization of $316.20 million, a PE ratio of 12.36 and a beta of 1.15.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, November 13th. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). The company 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%. Analysts anticipate that Gladstone Capital will post 0.84 earnings per share for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Virtus ETF Advisers LLC purchased a new stake in Gladstone Capital during the second quarter valued at approximately $3,327,000. Marshall Wace LLP bought a new position in Gladstone Capital in the second quarter worth approximately $556,000. Van ECK Associates Corp boosted its stake in shares of Gladstone Capital by 13.4% during the 2nd quarter. Van ECK Associates Corp now owns 275,262 shares of the investment management company’s stock worth $2,582,000 after acquiring an additional 32,538 shares during the last quarter. Morgan Stanley boosted its stake in shares of Gladstone Capital by 19.3% during 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. Finally, D.A. Davidson & CO. boosted its stake in shares of Gladstone Capital by 17.7% during the 3rd quarter. D.A. Davidson & CO. now owns 98,998 shares of the investment management company’s stock worth $965,000 after acquiring an additional 14,899 shares during the last quarter. Institutional investors own 12.46% 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.

Further Reading: Momentum Indicators

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