Gladstone Capital (NASDAQ:GLAD) Stock Price Crosses Above Fifty Day Moving Average of $9.31

Gladstone Capital Co. (NASDAQ:GLAD)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $9.31 and traded as high as $9.27. Gladstone Capital shares last traded at $9.27, with a volume of 1,334 shares trading hands.

GLAD has been the topic of a number of recent analyst reports. BidaskClub lowered shares of Gladstone Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, June 11th. Wedbush set a $10.00 price target on shares of Gladstone Capital and gave the company a “hold” rating in a research report on Tuesday, May 14th. National Securities restated a “sell” rating and issued a $7.00 price target on shares of Gladstone Capital in a research report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $9.33.

The stock has a market cap of $275.31 million, a PE ratio of 11.04 and a beta of 1.24. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.22. The business’s 50-day moving average price is $9.30.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Wednesday, May 1st. The investment management company reported $0.21 EPS for the quarter, missing the Zacks’ consensus estimate of $0.22 by ($0.01). The firm had revenue of $12.52 million during the quarter, compared to analyst estimates of $12.60 million. Gladstone Capital had a net margin of 16.24% and a return on equity of 10.12%. Equities analysts predict that Gladstone Capital Co. will post 0.84 EPS for the current year.

The company also recently declared a monthly dividend, which was paid on Friday, May 31st. Shareholders of record on Wednesday, May 22nd were given a $0.07 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $0.84 dividend on an annualized basis and a yield of 8.96%. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.82%.

A number of large investors have recently added to or reduced their stakes in GLAD. Marshall Wace North America L.P. acquired a new position in shares of Gladstone Capital during the first quarter worth approximately $39,000. West Oak Capital LLC lifted its position in shares of Gladstone Capital by 500.0% during the first quarter. West Oak Capital LLC now owns 6,000 shares of the investment management company’s stock worth $54,000 after purchasing an additional 5,000 shares in the last quarter. PFG Advisors acquired a new position in shares of Gladstone Capital during the fourth quarter worth approximately $90,000. Wambolt & Associates LLC acquired a new position in shares of Gladstone Capital during the first quarter worth approximately $106,000. Finally, Boston Partners lifted its position in shares of Gladstone Capital by 3.5% during the first quarter. Boston Partners now owns 68,451 shares of the investment management company’s stock worth $617,000 after purchasing an additional 2,313 shares in the last quarter. Hedge funds and other institutional investors own 11.81% of the company’s stock.

Gladstone Capital Company Profile (NASDAQ:GLAD)

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

Further Reading: Oversold

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