Gladstone Capital (NASDAQ:GLAD) Upgraded at StockNews.com

StockNews.com upgraded shares of Gladstone Capital (NASDAQ:GLAD) from a sell rating to a hold rating in a research report released on Tuesday morning.

Gladstone Capital Trading Down 1.0 %

GLAD opened at $21.42 on Tuesday. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $465.89 million, a PE ratio of 7.44 and a beta of 1.25. Gladstone Capital has a 1-year low of $18.38 and a 1-year high of $22.56. The firm has a 50-day moving average price of $20.65 and a two-hundred day moving average price of $20.63.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings data on Monday, February 5th. The investment management company reported $0.54 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.02). Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. The company had revenue of $23.22 million during the quarter, compared to analyst estimates of $23.39 million. As a group, equities analysts anticipate that Gladstone Capital will post 2.2 earnings per share for the current fiscal year.

Gladstone Capital Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a dividend of $0.165 per share. This represents a $1.98 dividend on an annualized basis and a dividend yield of 9.24%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio (DPR) is 68.75%.

Institutional Investors Weigh In On Gladstone Capital

Institutional investors and hedge funds have recently modified their holdings of the business. Creekmur Asset Management LLC bought a new stake in shares of Gladstone Capital during the fourth quarter worth approximately $67,000. Register Financial Advisors LLC bought a new stake in shares of Gladstone Capital during the first quarter worth approximately $69,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Gladstone Capital during the third quarter worth approximately $102,000. Raymond James Financial Services Advisors Inc. bought a new stake in Gladstone Capital in the fourth quarter valued at approximately $146,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Gladstone Capital in the third quarter valued at approximately $138,000. 10.72% of the stock is owned by institutional investors.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.