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

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

Gladstone Capital Trading Up 0.8 %

Shares of Gladstone Capital stock opened at $21.21 on Monday. The stock has a market cap of $461.32 million, a P/E ratio of 7.36 and a beta of 1.25. The stock’s 50 day simple moving average is $20.55 and its 200-day simple moving average is $20.55. Gladstone Capital has a 1-year low of $18.38 and a 1-year high of $22.56. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05.

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

Gladstone Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be issued a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is presently 68.75%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in GLAD. Creekmur Asset Management LLC acquired a new position in Gladstone Capital in the fourth quarter valued at approximately $67,000. Register Financial Advisors LLC acquired a new position in Gladstone Capital during the first quarter worth $69,000. Prime Capital Investment Advisors LLC acquired a new position in Gladstone Capital during the third quarter worth $102,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Gladstone Capital during the third quarter worth $138,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new position in Gladstone Capital during the fourth quarter worth $146,000. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.