Brokers Offer Predictions for GLAD FY2024 Earnings

Gladstone Capital Co. (NASDAQ:GLAD) – Stock analysts at B. Riley issued their FY2024 earnings per share (EPS) estimates for shares of Gladstone Capital in a research note issued to investors on Tuesday, October 22nd. B. Riley analyst B. Rowe anticipates that the investment management company will earn $2.13 per share for the year. B. Riley currently has a “Hold” rating on the stock. The consensus estimate for Gladstone Capital’s current full-year earnings is $2.14 per share. B. Riley also issued estimates for Gladstone Capital’s Q4 2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.91 EPS.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.53 by $0.04. Gladstone Capital had a return on equity of 10.87% and a net margin of 78.40%. The business had revenue of $25.69 million for the quarter, compared to the consensus estimate of $24.69 million.

Gladstone Capital Trading Down 0.6 %

GLAD opened at $24.18 on Friday. The business’s 50-day simple moving average is $23.56 and its 200-day simple moving average is $22.91. The company has a market cap of $526.01 million, a P/E ratio of 8.76 and a beta of 1.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.02 and a current ratio of 0.02. Gladstone Capital has a one year low of $18.56 and a one year high of $25.29.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC grew its stake in Gladstone Capital by 2,305.0% during the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after buying an additional 368,546 shares during the last quarter. Good Life Advisors LLC grew 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 buying an additional 8,979 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new position in Gladstone Capital during the 2nd quarter worth approximately $32,000. National Bank of Canada FI acquired a new stake in Gladstone Capital during the 2nd quarter worth approximately $98,000. Finally, Legacy Capital Wealth Partners LLC acquired a new stake in Gladstone Capital during the 2nd quarter worth approximately $1,723,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

Gladstone Capital Dividend Announcement

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 paid a dividend of $0.165 per share. The ex-dividend date is Friday, December 20th. This represents a $1.98 dividend on an annualized basis and a yield of 8.19%. Gladstone Capital’s dividend payout ratio is presently 71.74%.

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.