Headlines about Gladstone Capital (NASDAQ:GLAD) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gladstone Capital earned a news impact score of 0.05 on Accern’s scale. Accern also gave news stories about the investment management company an impact score of 46.4813147756626 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have impacted Accern’s analysis:
- Zacks Investment Research Downgrades Gladstone Capital (GLAD) to Hold (americanbankingnews.com)
- Peapack-Gladstone Bank Launches Professional Services Group (abladvisor.com)
- School taxes to rise 2.9 percent for Somerset Hills Regional School District (newjerseyhills.com)
- Gladstone Capital Co. (GLAD) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
- BidaskClub Downgrades Gladstone Capital (GLAD) to Hold (americanbankingnews.com)
Several research analysts recently issued reports on GLAD shares. ValuEngine raised shares of Gladstone Capital from a “buy” rating to a “strong-buy” rating in a report on Wednesday, March 7th. Ladenburg Thalmann raised shares of Gladstone Capital from a “neutral” rating to a “buy” rating in a report on Wednesday, February 7th. National Securities raised shares of Gladstone Capital from a “sell” rating to a “neutral” rating and set a $8.00 target price for the company in a report on Tuesday, February 6th. Zacks Investment Research upgraded shares of Gladstone Capital from a “hold” rating to a “buy” rating and set a $9.75 price target on the stock in a research report on Wednesday, April 11th. Finally, TheStreet lowered shares of Gladstone Capital from a “b” rating to a “c+” rating in a research report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.10.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. The company had revenue of $10.86 million for the quarter, compared to analyst estimates of $10.72 million. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%. research analysts predict that Gladstone Capital will post 0.86 earnings per share for the current year.
The company also recently declared a monthly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 20th will be given a dividend of $0.07 per share. The ex-dividend date is Thursday, April 19th. This represents a $0.84 annualized dividend and a yield of 9.73%. Gladstone Capital’s dividend payout ratio is presently 100.00%.
In related news, President Robert L. Marcotte bought 11,400 shares of the company’s stock in a transaction dated Thursday, February 8th. The shares were acquired at an average price of $9.04 per share, for a total transaction of $103,056.00. Following the completion of the transaction, the president now directly owns 405,517 shares in the company, valued at $3,665,873.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders have purchased 13,729 shares of company stock worth $124,164. 5.89% of the stock is owned by company insiders.
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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