Gladstone Capital Corporation (NASDAQ:GLAD) declared a monthly dividend on Wednesday, October 11th, Wall Street Journal reports. Shareholders of record on Monday, November 20th will be paid a dividend of 0.07 per share by the investment management company on Thursday, November 30th. This represents a $0.84 annualized dividend and a yield of 8.78%. The ex-dividend date is Friday, November 17th.
Shares of Gladstone Capital Corporation (NASDAQ GLAD) remained flat at $9.57 on Thursday. The stock had a trading volume of 19,638 shares. The company has a 50 day moving average of $9.30 and a 200-day moving average of $9.65. 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 issued its quarterly earnings results on Wednesday, August 2nd. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The firm had revenue of $9.63 million during the quarter, compared to the consensus estimate of $10.30 million. Gladstone Capital Corporation had a return on equity of 9.88% and a net margin of 85.01%. On average, equities analysts expect that Gladstone Capital Corporation will post $0.80 EPS for the current year.
In other news, President Robert L. Marcotte bought 4,000 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was bought at an average price of $9.22 per share, for a total transaction of $36,880.00. Following the transaction, the president now directly owns 370,720 shares of the company’s stock, valued at approximately $3,418,038.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.45% of the company’s stock.
A number of analysts have recently issued reports on the company. BidaskClub downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Zacks Investment Research downgraded Gladstone Capital Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. National Securities reiterated a “sell” rating and set a $8.00 price target on shares of Gladstone Capital Corporation in a research report on Monday, August 7th. Wedbush assumed coverage on Gladstone Capital Corporation in a research report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 price target for the company. Finally, Ladenburg Thalmann Financial Services assumed coverage on Gladstone Capital Corporation in a research report on Friday, October 6th. They set a “neutral” rating for the company. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. Gladstone Capital Corporation has a consensus rating of “Hold” and a consensus price target of $9.16.
About Gladstone Capital Corporation
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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