Gladstone Capital (NASDAQ:GLAD) Announces Quarterly Earnings Results

Gladstone Capital (NASDAQ:GLAD) released its quarterly earnings data on Tuesday. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03), Zacks reports. Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%.

Gladstone Capital Stock Down 2.1 %

Shares of GLAD traded down $0.59 on Tuesday, reaching $28.09. The stock had a trading volume of 136,717 shares, compared to its average volume of 117,114. The company has a 50-day simple moving average of $28.57 and a 200-day simple moving average of $25.67. The firm has a market capitalization of $627.25 million, a price-to-earnings ratio of 7.39 and a beta of 1.27. Gladstone Capital has a 12-month low of $19.20 and a 12-month high of $30.43. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04.

Gladstone Capital Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a $0.165 dividend. This represents a dividend yield of 6.57%. The ex-dividend date was Friday, January 24th. Gladstone Capital’s payout ratio is presently 52.11%.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Gladstone Capital in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 price objective for the company.

Insider Buying and Selling at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the sale, the president now owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This trade represents a 5.88 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.96% of the stock is owned by company insiders.

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.