Weiss Ratings Reaffirms Buy (B-) Rating for Gladstone Capital (NASDAQ:GLAD)

Gladstone Capital (NASDAQ:GLAD)‘s stock had its “buy (b-)” rating reiterated by analysts at Weiss Ratings in a research report issued to clients and investors on Tuesday,Weiss Ratings reports.

A number of other analysts also recently issued reports on GLAD. Oppenheimer lifted their price target on Gladstone Capital from $24.00 to $26.00 and gave the stock a “market perform” rating in a report on Wednesday, August 6th. LADENBURG THALM/SH SH upgraded Gladstone Capital to a “hold” rating in a research report on Wednesday, August 6th. Finally, B. Riley upgraded Gladstone Capital to a “hold” rating in a research report on Monday, June 16th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Gladstone Capital currently has an average rating of “Hold” and an average target price of $24.50.

Gladstone Capital Stock Down 1.9%

Shares of NASDAQ GLAD opened at $19.73 on Tuesday. The company has a market capitalization of $440.57 million, a price-to-earnings ratio of 5.82 and a beta of 0.99. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.08 and a quick ratio of 0.08. The business has a 50-day moving average of $24.11 and a two-hundred day moving average of $25.67. Gladstone Capital has a 1 year low of $19.29 and a 1 year high of $30.43.

Gladstone Capital (NASDAQ:GLAD) last announced its quarterly earnings results on Monday, August 4th. The investment management company reported $0.50 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $21.66 million during the quarter, compared to the consensus estimate of $21.93 million. Gladstone Capital had a return on equity of 9.43% and a net margin of 84.60%. On average, analysts forecast that Gladstone Capital will post 2.03 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Gladstone Capital

Institutional investors have recently added to or reduced their stakes in the stock. Cambridge Investment Research Advisors Inc. increased its position in Gladstone Capital by 44.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 14,035 shares of the investment management company’s stock valued at $385,000 after acquiring an additional 4,293 shares during the period. Farther Finance Advisors LLC increased its position in Gladstone Capital by 78.2% in the 1st quarter. Farther Finance Advisors LLC now owns 3,409 shares of the investment management company’s stock valued at $94,000 after acquiring an additional 1,496 shares during the period. Goldman Sachs Group Inc. increased its position in Gladstone Capital by 1.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 28,853 shares of the investment management company’s stock valued at $792,000 after acquiring an additional 456 shares during the period. Mackenzie Financial Corp acquired a new position in Gladstone Capital in the 1st quarter valued at about $363,000. Finally, Belpointe Asset Management LLC increased its position in Gladstone Capital by 13.5% in the 2nd quarter. Belpointe Asset Management LLC now owns 8,455 shares of the investment management company’s stock valued at $228,000 after acquiring an additional 1,008 shares during the period. 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.