Analysts Set Gladstone Capital Corporation (NASDAQ:GLAD) Price Target at $22.00

by · The Cerbat Gem

Shares of Gladstone Capital Corporation (NASDAQ:GLAD – Get Free Report) have been given a consensus rating of “Hold” by the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $22.00.

A number of equities analysts have recently commented on GLAD shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Gladstone Capital in a report on Monday, December 29th. Oppenheimer upgraded shares of Gladstone Capital from a “market perform” rating to an “outperform” rating and cut their price objective for the company from $26.00 to $22.00 in a research report on Wednesday, November 19th. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Saturday, December 20th. B. Riley upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating and cut their price target for the company from $27.00 to $22.00 in a report on Wednesday, November 19th. Finally, Zacks Research upgraded Gladstone Capital from a “strong sell” rating to a “hold” rating in a research report on Monday, December 8th.

Read Our Latest Research Report on Gladstone Capital

Gladstone Capital Stock Down 0.5%

Gladstone Capital stock traded down $0.11 during mid-day trading on Friday, reaching $21.12. 129,703 shares of the company’s stock traded hands, compared to its average volume of 166,834. Gladstone Capital has a 12-month low of $18.76 and a 12-month high of $30.43. The company has a market cap of $477.10 million, a price-to-earnings ratio of 8.25 and a beta of 0.93. The stock has a 50 day moving average of $20.63 and a two-hundred day moving average of $23.06.

Gladstone Capital (NASDAQ:GLAD – Get Free Report) last announced its earnings results on Monday, November 17th. The investment management company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. The firm had revenue of $23.94 million for the quarter, compared to analysts’ expectations of $22.72 million. Gladstone Capital had a net margin of 64.36% and a return on equity of 9.48%. As a group, sell-side analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current year.

Gladstone Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Monday, March 23rd will be issued a $0.15 dividend. The ex-dividend date is Monday, March 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. Gladstone Capital’s dividend payout ratio is presently 70.31%.

Hedge Funds Weigh In On Gladstone Capital

A number of institutional investors have recently modified their holdings of the stock. Atlantic Union Bankshares Corp bought a new position in Gladstone Capital in the third quarter worth approximately $31,000. CWM LLC purchased a new position in Gladstone Capital during the 2nd quarter valued at about $32,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Gladstone Capital in the 2nd quarter worth approximately $37,000. WFA of San Diego LLC bought a new position in shares of Gladstone Capital during the second quarter valued at approximately $42,000. Finally, First Horizon Advisors Inc. bought a new stake in Gladstone Capital during the 2nd quarter valued at $44,000. 10.72% of the stock is owned by hedge funds and other institutional investors.

About Gladstone Capital

(Get Free Report)

Gladstone Capital Corporation is a publicly traded business development company (BDC) that provides debt and equity financing solutions to U.S. lower middle-market companies. Operating under an external management agreement with Gladstone Management L.P., the firm offers senior secured loans, mezzanine debt and equity investments designed to support growth initiatives, acquisitions and recapitalizations. Through its focus on privately held businesses, Gladstone Capital seeks to construct a diversified portfolio across various industry sectors.

Since its formation in 2003, Gladstone Capital has developed a track record of working closely with management teams and business owners to meet their capital needs.

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