Gladstone Capital (NASDAQ:GLAD) Upgraded to “Hold” by 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 Thursday morning.

Gladstone Capital Stock Performance

Shares of NASDAQ:GLAD opened at $10.73 on Thursday. The company has a market cap of $466.86 million, a price-to-earnings ratio of 7.45 and a beta of 1.25. The company has a 50-day moving average price of $10.36 and a 200-day moving average price of $10.22. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. Gladstone Capital has a 12 month low of $9.11 and a 12 month high of $11.28.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Monday, February 5th. The investment management company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. As a group, equities analysts anticipate that Gladstone Capital will post 1.1 EPS for the current year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.0825 per share. This represents a $0.99 annualized dividend and a dividend yield of 9.23%. The ex-dividend date of this dividend is Wednesday, March 20th. Gladstone Capital’s dividend payout ratio (DPR) is 68.75%.

Hedge Funds Weigh In On Gladstone Capital

A number of institutional investors have recently bought and sold shares of the stock. Millennium Management LLC bought a new position in Gladstone Capital in the second quarter worth about $3,878,000. LPL Financial LLC raised its stake in Gladstone Capital by 4.3% in the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock worth $3,503,000 after buying an additional 15,119 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Gladstone Capital by 3.9% in the first quarter. Advisors Asset Management Inc. now owns 358,291 shares of the investment management company’s stock worth $3,368,000 after buying an additional 13,511 shares in the last quarter. International Assets Investment Management LLC raised its stake in Gladstone Capital by 1,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after buying an additional 319,081 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in Gladstone Capital by 7.1% in the fourth quarter. Legal & General Group Plc now owns 293,169 shares of the investment management company’s stock worth $3,135,000 after buying an additional 19,472 shares in the last quarter. 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.