Gladstone Capital (NASDAQ:GLAD) Rating Lowered to Sell at StockNews.com

Gladstone Capital (NASDAQ:GLAD) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Monday.

Gladstone Capital Price Performance

Shares of GLAD stock opened at $21.29 on Monday. The stock’s fifty day moving average is $20.55 and its 200-day moving average is $20.55. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.05 and a current ratio of 0.05. The stock has a market capitalization of $463.14 million, a PE ratio of 7.39 and a beta of 1.25. Gladstone Capital has a 52 week low of $18.38 and a 52 week high of $22.56.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, February 5th. The investment management company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.02). The business had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. Equities research analysts expect that Gladstone Capital will post 2.2 EPS for the current fiscal year.

Hedge Funds Weigh In On Gladstone Capital

Several hedge funds have recently added to or reduced their stakes in GLAD. Commonwealth Equity Services LLC lifted its stake in Gladstone Capital by 72.6% in the third quarter. Commonwealth Equity Services LLC now owns 21,636 shares of the investment management company’s stock valued at $209,000 after buying an additional 9,099 shares during the period. Jump Financial LLC raised its position in shares of Gladstone Capital by 154.5% during the third quarter. Jump Financial LLC now owns 62,855 shares of the investment management company’s stock worth $606,000 after purchasing an additional 38,155 shares during the period. Quantbot Technologies LP raised its position in shares of Gladstone Capital by 456.5% during the third quarter. Quantbot Technologies LP now owns 24,269 shares of the investment management company’s stock worth $234,000 after purchasing an additional 19,908 shares during the period. Virtus ETF Advisers LLC raised its position in shares of Gladstone Capital by 82.5% during the third quarter. Virtus ETF Advisers LLC now owns 54,860 shares of the investment management company’s stock worth $529,000 after purchasing an additional 24,802 shares during the period. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of Gladstone Capital during the third quarter worth about $102,000. Institutional investors and hedge funds own 10.72% of the company’s stock.

About Gladstone Capital

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.