Gladstone Capital (NASDAQ:GLAD) was downgraded by TheStreet from a “b” rating to a “c+” rating in a report released on Tuesday, February 6th.
A number of other brokerages have also commented on GLAD. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, December 6th. Ladenburg Thalmann Financial Services raised shares of Gladstone Capital from a “neutral” rating to a “buy” rating in a research report on Wednesday, February 7th. Finally, National Securities reissued a “sell” rating and issued a $8.00 price target on shares of Gladstone Capital in a research report on Wednesday, November 22nd. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $9.16.
Shares of Gladstone Capital (GLAD) traded down $0.01 during trading hours on Tuesday, reaching $8.89. 159,700 shares of the company were exchanged, compared to its average volume of 169,453. The company has a market capitalization of $237.03, a PE ratio of 9.88 and a beta of 1.11. The company has a debt-to-equity ratio of 0.58, a current ratio of 5.96 and a quick ratio of 5.96. Gladstone Capital has a 12-month low of $7.80 and a 12-month high of $10.12.
In related news, Director Walter H. Wilkinson purchased 6,134 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were acquired at an average cost of $9.79 per share, with a total value of $60,051.86. Following the completion of the purchase, the director now directly owns 13,517 shares of the company’s stock, valued at $132,331.43. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Robert L. Marcotte acquired 8,000 shares of Gladstone Capital stock in a transaction on Wednesday, November 29th. The stock was acquired at an average cost of $9.82 per share, for a total transaction of $78,560.00. Following the completion of the purchase, the president now owns 381,770 shares of the company’s stock, valued at approximately $3,748,981.40. The disclosure for this purchase can be found here. Insiders have bought 36,063 shares of company stock worth $339,855 over the last three months. 5.89% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. acquired a new stake in Gladstone Capital in the second quarter worth $415,000. GSA Capital Partners LLP raised its holdings in shares of Gladstone Capital by 193.0% during the third quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock worth $846,000 after acquiring an additional 58,673 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Gladstone Capital during the second quarter worth $542,000. Legal & General Group Plc raised its holdings in shares of Gladstone Capital by 22.5% during the third quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock worth $717,000 after acquiring an additional 13,875 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Gladstone Capital by 68.5% during the third quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock worth $414,000 after acquiring an additional 17,709 shares during the period. Institutional investors own 14.31% of the company’s stock.
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Gladstone Capital Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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