Gladstone Capital (NASDAQ:GLAD) Upgraded to “Hold” at StockNews.com

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

Gladstone Capital Stock Down 1.0 %

Shares of Gladstone Capital stock opened at $21.42 on Tuesday. Gladstone Capital has a one year low of $18.38 and a one year high of $22.56. The company has a market cap of $465.89 million, a P/E ratio of 7.44 and a beta of 1.25. 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 firm has a fifty day moving average of $20.65 and a two-hundred day moving average of $20.63.

Gladstone Capital (NASDAQ:GLAD) last posted its quarterly earnings results on Monday, February 5th. The investment management company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.02). The firm had revenue of $23.22 million for the quarter, compared to analysts’ expectations of $23.39 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. On average, analysts forecast that Gladstone Capital will post 2.2 earnings per share for the current year.

Gladstone Capital Announces Dividend

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

Institutional Investors Weigh In On Gladstone Capital

Hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd lifted its position in shares of Gladstone Capital by 841.0% during the 3rd quarter. Quadrature Capital Ltd now owns 186,784 shares of the investment management company’s stock valued at $1,801,000 after acquiring an additional 166,935 shares during the period. LPL Financial LLC lifted its holdings in shares of Gladstone Capital by 4.3% during the 3rd quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock valued at $3,503,000 after acquiring an additional 15,119 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in shares of Gladstone Capital during the 3rd quarter valued at $881,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Gladstone Capital during the 3rd quarter valued at $138,000. Finally, Trexquant Investment LP lifted its holdings in Gladstone Capital by 297.8% in the 3rd quarter. Trexquant Investment LP now owns 65,626 shares of the investment management company’s stock worth $633,000 after buying an additional 49,127 shares in the last quarter. 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.