Gladstone Capital (NASDAQ:GLAD) Upgraded by B. Riley to Hold

B. Riley upgraded shares of Gladstone Capital (NASDAQ:GLAD) to a hold rating in a research report sent to investors on Tuesday morning, Zacks.com reports.

Gladstone Capital Stock Performance

Gladstone Capital stock opened at $24.33 on Tuesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 1 year low of $18.56 and a 1 year high of $25.29. The company has a market cap of $529.27 million, a PE ratio of 8.82 and a beta of 1.26. The company’s 50-day moving average is $23.54 and its two-hundred day moving average is $22.88.

Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Wednesday, August 7th. The investment management company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. The company had revenue of $25.69 million for the quarter, compared to the consensus estimate of $24.69 million. Equities analysts anticipate that Gladstone Capital will post 2.14 earnings per share for the current year.

Gladstone Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be given a $0.165 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 8.14%. Gladstone Capital’s dividend payout ratio is 71.74%.

Institutional Trading of Gladstone Capital

Hedge funds have recently modified their holdings of the company. Legacy Capital Wealth Partners LLC acquired a new stake in shares of Gladstone Capital in the 2nd quarter valued at approximately $1,723,000. Kovack Advisors Inc. increased its stake in Gladstone Capital by 1.2% during the 1st quarter. Kovack Advisors Inc. now owns 69,602 shares of the investment management company’s stock worth $747,000 after purchasing an additional 856 shares in the last quarter. Atomi Financial Group Inc. increased its stake in Gladstone Capital by 10.4% during the 1st quarter. Atomi Financial Group Inc. now owns 27,748 shares of the investment management company’s stock worth $298,000 after purchasing an additional 2,612 shares in the last quarter. nVerses Capital LLC bought a new stake in Gladstone Capital during the 2nd quarter worth approximately $37,000. Finally, Good Life Advisors LLC increased its stake in Gladstone Capital by 101.2% during the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock worth $429,000 after purchasing an additional 8,979 shares in the last quarter. 10.72% of the stock is currently owned by institutional investors and hedge funds.

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.