Gladstone Capital (NASDAQ:GLAD – Get Rating) will report results after the market close on Monday, February 6. Analysts expect the company to report earnings of $0.23 per share for the quarter. Investors interested in the company’s conference call can listen using this link.
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Gladstone Capital (NASDAQ:GLAD – Get Rating) last reported quarterly results on Monday, November 14th. The investment manager reported earnings per share (EPS) of $0.22 for the quarter, beating consensus expectations of $0.21 by $0.01. The company posted revenue of $15.94 million for the quarter, compared to consensus expectations of $16.05 million. Gladstone Capital’s net profit margin was 31.53% and return on equity was 10.10%. On average, analysts expect Gladstone Capital to report EPS of $1 in the current fiscal year and EPS of $1 in the next fiscal year.
Gladstone Capital stock performance
NASDAQ:GLAD opened at $10.06 on Monday. His one-year low in Gladstone Capital is $8.21 and his one-year high is $12.78. The stock has a market cap of $357.35 million, a P/E of 17.34 and a beta of 1.30. The company has an equity ratio of 0.45, a current ratio of 0.04 and a quick ratio of 0.04. The company has a 50-day moving average of $9.92 and a 200-day moving average of $9.88.
Gladstone Announces Capital Dividend
The business also recently announced a monthly dividend payable on Friday, March 31st. Dividends of $0.075 will be paid to shareholders of record on Friday, March 17. The ex-dividend date for this dividend is Thursday, March 16. This represents his $0.90 dividend and his 8.95% dividend yield on an annual basis. Gladstone Capital’s dividend payout ratio (DPR) is currently 155.17%.
Wall Street Analyst Predicts Growth
Several research analysts have recently commented on the GLAD stock. TheStreet upgraded Gladstone Capital’s stock from a ‘c+’ rating to a ‘b’ rating in a report on Monday, December 5. StockNews.com downgraded Gladstone Capital from ‘hold’ to ‘sell’ in its research notes on Wednesday, November 16th.
Hedge Fund Joins Gladstone Capital
Large investors are buying and selling stocks these days. JPMorgan Chase & Co. acquired another $36,000 worth of Gladstone Capital shares in the second quarter. BNP Paribas Arbitrage SA boosted his Gladstone Capital stock position by 230.5% in the first quarter. BNP Paribas Arbitrage SA now owns 4,300 shares in the investment management company worth $51,000 after purchasing an additional 2,999 of his shares last quarter. Captrust Financial Advisors acquired a new stake in his Gladstone Capital worth approximately $95,000 in the second quarter. BNP Paribas Arbitrage SNC increased its stake in Gladstone Capital by 123.3% in the third quarter. BNP Paribas Arbitrage SNC now owns 13,344 shares in the investment management company worth $113,000 after purchasing an additional 7,369 of his shares last quarter. Finally, Private Advisor Group LLC raised his Gladstone Capital stake by 9.5% in the first quarter. Private Advisor Group LLC now owns 11,483 shares of the investment management company worth $135,000 after purchasing an additional 1,000 shares last quarter. Institutional investors and hedge funds own 9.11% of the company’s shares.
About Gladstone Capital
Gladstone Capital Corporation specializes in lower middle market, growth capital, add-on acquisitions, change of control, purchase and build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second forwards. A business development firm specializing in privileged term loans. , senior subordinated loans, unitranche loans, junior subordinated loans, mezzanine loans, and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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