Gladstone Capital Corporation (GLAD) To Go Ex-Dividend on April 24th

Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Tuesday, April 14th. Investors of record on Friday, April 24th will be paid a dividend of 0.15 per share by the investment management company on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 9.4%. The ex-dividend date is Friday, April 24th.

Gladstone Capital has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Gladstone Capital has a payout ratio of 89.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Gladstone Capital to earn $2.03 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 88.7%.

Gladstone Capital Stock Up 3.0%

Gladstone Capital stock opened at $19.11 on Thursday. The firm has a market capitalization of $431.75 million, a price-to-earnings ratio of 12.02 and a beta of 0.95. The company’s 50 day simple moving average is $18.13 and its 200 day simple moving average is $19.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.05 and a quick ratio of 0.05. Gladstone Capital has a fifty-two week low of $16.54 and a fifty-two week high of $29.50.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Wednesday, February 4th. The investment management company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $24.51 million during the quarter, compared to the consensus estimate of $24.70 million. Gladstone Capital had a net margin of 39.42% and a return on equity of 9.56%. As a group, sell-side analysts anticipate that Gladstone Capital will post 2.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on GLAD shares. Wall Street Zen upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Saturday, April 11th. Jefferies Financial Group set a $21.00 target price on Gladstone Capital and gave the company a “hold” rating in a research note on Friday, February 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Gladstone Capital in a research report on Monday, December 29th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, Gladstone Capital currently has a consensus rating of “Hold” and a consensus target price of $21.67.

Gladstone Capital Company Profile

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.