Equities analysts forecast that Gladstone Capital Co. (NASDAQ:GLAD) will announce sales of $11.60 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Gladstone Capital’s earnings, with estimates ranging from $11.41 million to $11.79 million. Gladstone Capital posted sales of $8.79 million during the same quarter last year, which would suggest a positive year over year growth rate of 32%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Gladstone Capital will report full-year sales of $11.60 million for the current fiscal year, with estimates ranging from $46.53 million to $46.98 million. For the next financial year, analysts anticipate that the business will report sales of $50.86 million per share, with estimates ranging from $48.56 million to $53.16 million. Zacks’ sales averages are a mean average based on a survey of research analysts that that provide coverage for Gladstone Capital.
Gladstone Capital (NASDAQ:GLAD) last posted its earnings results on Monday, February 5th. The investment management company reported $0.21 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a net margin of 58.48% and a return on equity of 9.97%. The firm had revenue of $10.86 million during the quarter, compared to the consensus estimate of $10.72 million.
Several research firms have commented on GLAD. National Securities upgraded shares of Gladstone Capital from a “sell” rating to a “neutral” rating and set a $8.00 price target for the company in a research note on Tuesday, February 6th. Ladenburg Thalmann Financial Services upgraded shares of Gladstone Capital from a “neutral” rating to a “buy” rating in a research note on Wednesday, February 7th. Zacks Investment Research downgraded shares of Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Monday, November 27th. Finally, TheStreet downgraded shares of Gladstone Capital from a “b” rating to a “c+” rating in a research note on Tuesday, February 6th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $9.16.
Gladstone Capital (GLAD) traded up $0.05 during trading hours on Wednesday, hitting $8.80. 126,778 shares of the company’s stock traded hands, compared to its average volume of 184,067. The firm has a market capitalization of $233.03, a P/E ratio of 9.78 and a beta of 1.11. The company has a current ratio of 5.96, a quick ratio of 5.96 and a debt-to-equity ratio of 0.58. Gladstone Capital has a fifty-two week low of $7.80 and a fifty-two week high of $10.12.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Friday, February 16th will be paid a $0.07 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.84 annualized dividend and a dividend yield of 9.55%. Gladstone Capital’s dividend payout ratio (DPR) is 93.33%.
In other news, Director Walter H. Wilkinson bought 6,134 shares of the stock in a transaction that occurred on Monday, November 27th. The stock was purchased at an average price of $9.79 per share, for a total transaction of $60,051.86. Following the completion of the purchase, the director now owns 13,517 shares in the company, valued at approximately $132,331.43. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, President Robert L. Marcotte bought 11,400 shares of the stock in a transaction that occurred on Thursday, February 8th. The shares were purchased at an average price of $9.04 per share, with a total value of $103,056.00. Following the purchase, the president now owns 405,517 shares of the company’s stock, valued at approximately $3,665,873.68. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 36,063 shares of company stock valued at $339,855. Insiders own 5.89% of the company’s stock.
Several hedge funds have recently modified their holdings of the stock. Advisor Group Inc. grew its stake in shares of Gladstone Capital by 156.8% during the fourth quarter. Advisor Group Inc. now owns 11,160 shares of the investment management company’s stock worth $102,000 after purchasing an additional 6,815 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Gladstone Capital by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 87,117 shares of the investment management company’s stock worth $820,000 after purchasing an additional 7,586 shares in the last quarter. Mckinley Capital Management LLC Delaware grew its stake in shares of Gladstone Capital by 8.5% during the fourth quarter. Mckinley Capital Management LLC Delaware now owns 136,864 shares of the investment management company’s stock worth $1,260,000 after purchasing an additional 10,724 shares in the last quarter. D.A. Davidson & CO. grew its stake in shares of Gladstone Capital by 142.9% during the third quarter. D.A. Davidson & CO. now owns 22,271 shares of the investment management company’s stock worth $211,000 after purchasing an additional 13,104 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Gladstone Capital by 22.5% during the third quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock worth $717,000 after purchasing an additional 13,875 shares in the last quarter. Hedge funds and other institutional investors own 15.22% of the company’s stock.
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Gladstone Capital Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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