Wall Street analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to report $11.60 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Gladstone Capital’s earnings, with the lowest sales estimate coming in at $11.41 million and the highest estimate coming in at $11.79 million. Gladstone Capital reported sales of $8.79 million during the same quarter last year, which indicates a positive year-over-year growth rate of 32%. The company is expected to announce its next quarterly earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Gladstone Capital will report full-year sales of $11.60 million for the current year, with estimates ranging from $46.53 million to $46.98 million. For the next fiscal year, analysts expect that the company will post sales of $50.86 million per share, with estimates ranging from $48.56 million to $53.16 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings data on Monday, February 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. The company had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.72 million.
In related news, President Robert L. Marcotte purchased 8,200 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were purchased at an average cost of $9.40 per share, with a total value of $77,080.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, President Robert L. Marcotte purchased 11,400 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was bought at an average cost of $9.04 per share, for a total transaction of $103,056.00. Following the completion of the purchase, the president now directly owns 405,517 shares in the company, valued at approximately $3,665,873.68. The disclosure for this purchase can be found here. Insiders have bought a total of 36,063 shares of company stock worth $339,855 over the last 90 days. Insiders own 5.89% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. Advisor Group Inc. lifted its stake in Gladstone Capital by 156.8% in the 4th quarter. Advisor Group Inc. now owns 11,160 shares of the investment management company’s stock worth $102,000 after purchasing an additional 6,815 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Gladstone Capital in the 3rd quarter worth approximately $151,000. D.A. Davidson & CO. lifted its stake in Gladstone Capital by 142.9% in the 3rd quarter. D.A. Davidson & CO. now owns 22,271 shares of the investment management company’s stock worth $211,000 after purchasing an additional 13,104 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Gladstone Capital by 68.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock worth $414,000 after purchasing an additional 17,709 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Gladstone Capital in the 2nd quarter worth approximately $415,000. 15.22% of the stock is currently owned by hedge funds and other institutional investors.
Gladstone Capital (NASDAQ:GLAD) traded up $0.05 during trading on Wednesday, reaching $8.80. The company’s stock had a trading volume of 126,778 shares, compared to its average volume of 184,067. The company has a debt-to-equity ratio of 0.58, a quick ratio of 5.96 and a current ratio of 5.96. The stock has a market capitalization of $233.03, a price-to-earnings ratio of 9.78 and a beta of 1.11. Gladstone Capital has a one year low of $7.80 and a one year high of $10.12.
The business also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be given a dividend of $0.07 per share. This represents a $0.84 annualized dividend and a yield of 9.55%. The ex-dividend date is Thursday, February 15th. Gladstone Capital’s dividend payout ratio is currently 93.33%.
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About Gladstone Capital
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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