Gladstone Capital (NASDAQ:GLAD) Lowered to Hold at BidaskClub

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BidaskClub lowered shares of Gladstone Capital (NASDAQ:GLAD) from a buy rating to a hold rating in a research report report published on Saturday, BidAskClub reports.

Several other research analysts have also recently commented on the company. Wedbush set a $10.00 target price on Gladstone Capital and gave the stock a hold rating in a research note on Tuesday, May 14th. TheStreet lowered Gladstone Capital from a b rating to a c rating in a research report on Friday, August 23rd. Finally, Zacks Investment Research upgraded Gladstone Capital from a sell rating to a hold rating in a research note on Thursday, July 11th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Gladstone Capital presently has an average rating of Hold and a consensus price target of $9.33.

Shares of GLAD stock opened at $9.50 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.24. Gladstone Capital has a 52 week low of $6.41 and a 52 week high of $9.87. The stock has a market capitalization of $278.83 million, a PE ratio of 11.18 and a beta of 1.17. The firm has a 50 day moving average of $9.38 and a two-hundred day moving average of $9.31.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Monday, August 5th. The investment management company reported $0.21 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.21. The business had revenue of $12.89 million for the quarter, compared to analyst estimates of $12.42 million. Gladstone Capital had a return on equity of 10.20% and a net margin of 9.41%. Analysts expect that Gladstone Capital will post 0.84 EPS for the current fiscal year.

The firm also recently disclosed a dividend, which will be paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th will be given a dividend of $0.07 per share. The ex-dividend date is Monday, September 16th. Gladstone Capital’s dividend payout ratio is currently 98.82%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. Marshall Wace North America L.P. acquired a new stake in shares of Gladstone Capital during the 1st quarter worth about $39,000. Prospera Financial Services Inc purchased a new position in shares of Gladstone Capital in the 2nd quarter valued at $87,000. Winslow Evans & Crocker Inc. grew its position in shares of Gladstone Capital by 115.2% in the 2nd quarter. Winslow Evans & Crocker Inc. now owns 9,900 shares of the investment management company’s stock valued at $94,000 after buying an additional 5,300 shares during the last quarter. Good Life Advisors LLC acquired a new stake in Gladstone Capital during the 2nd quarter worth $115,000. Finally, Wambolt & Associates LLC raised its stake in Gladstone Capital by 61.5% during the 2nd quarter. Wambolt & Associates LLC now owns 18,603 shares of the investment management company’s stock worth $174,000 after acquiring an additional 7,085 shares in the last quarter. Institutional investors and hedge funds own 13.40% of the company’s stock.

About Gladstone Capital

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.

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