Gladstone Capital (NASDAQ:GLAD) Rating Increased to Hold at StockNews.com

Gladstone Capital (NASDAQ:GLAD – Get Rating) was upgraded by equities research analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Gladstone Capital Stock Up 0.6 %

Gladstone Capital stock opened at $9.43 on Thursday. Gladstone Capital has a fifty-two week low of $8.21 and a fifty-two week high of $11.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.06 and a current ratio of 0.06. The company has a market capitalization of $353.06 million, a P/E ratio of 19.65 and a beta of 1.31. The stock has a 50-day simple moving average of $9.42 and a 200-day simple moving average of $9.81.

Gladstone Capital (NASDAQ:GLAD – Get Rating) last posted its earnings results on Tuesday, May 2nd. The investment management company reported $0.26 earnings per share for the quarter, meeting the consensus estimate of $0.26. Gladstone Capital had a return on equity of 10.13% and a net margin of 24.71%. The business had revenue of $20.56 million during the quarter, compared to the consensus estimate of $19.91 million. During the same period in the previous year, the business earned $0.25 EPS. Equities research analysts expect that Gladstone Capital will post 1.05 earnings per share for the current year.

Institutional Trading of Gladstone Capital

Several institutional investors and hedge funds have recently added to or reduced their stakes in GLAD. JPMorgan Chase & Co. purchased a new stake in Gladstone Capital during the 2nd quarter valued at approximately $36,000. Money Concepts Capital Corp purchased a new stake in Gladstone Capital during the 4th quarter valued at approximately $36,000. ZRC Wealth Management LLC purchased a new stake in Gladstone Capital during the 1st quarter valued at approximately $38,000. BNP Paribas Arbitrage SA raised its stake in Gladstone Capital by 230.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,300 shares of the investment management company’s stock valued at $51,000 after acquiring an additional 2,999 shares during the last quarter. Finally, Captrust Financial Advisors purchased a new position in shares of Gladstone Capital during the 2nd quarter worth approximately $95,000. 9.11% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

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Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans, and junior subordinated loans in small and medium sized companies, that meet certain criteria. The criteria can include some or all of the following: the potential for growth in cash flow, adequate assets for loan collateral, experienced management teams with significant ownership interest in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, reasonable capitalization of the borrower and the potential to realize appreciation and gain liquidity in our equity position, if any.