ValuEngine Lowers Gladstone Capital (NASDAQ:GLAD) to Sell

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Gladstone Capital (NASDAQ:GLAD) was downgraded by ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday, June 22nd.

A number of other equities analysts also recently commented on GLAD. Zacks Investment Research raised shares of Gladstone Capital from a “hold” rating to a “buy” rating and set a $9.75 price objective for the company in a report on Wednesday, April 11th. National Securities reaffirmed a “neutral” rating and issued a $8.00 price objective on shares of Gladstone Capital in a report on Monday, May 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.05.

Shares of NASDAQ:GLAD traded up $0.05 during midday trading on Friday, reaching $9.00. The company had a trading volume of 81,600 shares, compared to its average volume of 119,111. The company has a current ratio of 3.74, a quick ratio of 3.74 and a debt-to-equity ratio of 0.55. The firm has a market cap of $242.35 million, a PE ratio of 10.71 and a beta of 1.13. Gladstone Capital has a one year low of $7.80 and a one year high of $9.95.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings results on Wednesday, May 2nd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $11.09 million during the quarter, compared to analyst estimates of $11.60 million. Gladstone Capital had a net margin of 66.28% and a return on equity of 9.87%. equities research analysts forecast that Gladstone Capital will post 0.85 EPS for the current fiscal year.

In other Gladstone Capital news, President Robert L. Marcotte acquired 10,000 shares of the firm’s stock in a transaction on Tuesday, May 8th. The stock was purchased at an average price of $8.91 per share, with a total value of $89,100.00. Following the completion of the acquisition, the president now directly owns 423,264 shares in the company, valued at approximately $3,771,282.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.89% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Legal & General Group Plc boosted its holdings in shares of Gladstone Capital by 15.9% during the first quarter. Legal & General Group Plc now owns 95,543 shares of the investment management company’s stock valued at $823,000 after acquiring an additional 13,106 shares during the period. Millennium Management LLC acquired a new position in shares of Gladstone Capital during the first quarter valued at $568,000. LPL Financial LLC boosted its holdings in shares of Gladstone Capital by 14.0% during the first quarter. LPL Financial LLC now owns 197,186 shares of the investment management company’s stock valued at $1,696,000 after acquiring an additional 24,261 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Gladstone Capital by 57.1% during the first quarter. GSA Capital Partners LLP now owns 139,527 shares of the investment management company’s stock valued at $1,200,000 after acquiring an additional 50,700 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Gladstone Capital by 8.0% during the first quarter. JPMorgan Chase & Co. now owns 91,192 shares of the investment management company’s stock valued at $785,000 after acquiring an additional 6,792 shares during the period. 12.37% of the stock is owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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