Gladstone Capital Corporation (NASDAQ:GLAD) announced a monthly dividend on Wednesday, July 12th, Wall Street Journal reports. Shareholders of record on Friday, July 21st will be paid a dividend of 0.07 per share by the investment management company on Monday, July 31st. This represents a $0.84 dividend on an annualized basis and a yield of 8.53%. The ex-dividend date of this dividend is Wednesday, July 19th.
Shares of Gladstone Capital Corporation (NASDAQ GLAD) opened at 9.87 on Tuesday. The firm’s 50-day moving average price is $9.87 and its 200-day moving average price is $9.53. Gladstone Capital Corporation has a 12 month low of $7.33 and a 12 month high of $10.12.
Gladstone Capital Corporation (NASDAQ:GLAD) last announced its quarterly earnings results on Wednesday, May 3rd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.21. Gladstone Capital Corporation had a return on equity of 10.03% and a net margin of 82.86%. The company had revenue of $8.79 million during the quarter, compared to the consensus estimate of $9.78 million. On average, equities research analysts forecast that Gladstone Capital Corporation will post $0.84 EPS for the current year.
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Several brokerages have issued reports on GLAD. BidaskClub downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a report on Monday. Zacks Investment Research downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Hilliard Lyons upgraded Gladstone Capital Corporation from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $8.50 to $9.25 in a report on Thursday, May 4th. DA Davidson restated a “buy” rating and issued a $10.00 price target on shares of Gladstone Capital Corporation in a report on Wednesday, March 29th. Finally, National Securities restated a “sell” rating and issued a $8.00 price target on shares of Gladstone Capital Corporation in a report on Monday, May 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.56.
Gladstone Capital Corporation Company Profile
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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