Gladstone Capital Corporation (NASDAQ:GLAD) President Robert L. Marcotte acquired 8,200 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was acquired at an average price of $9.40 per share, with a total value of $77,080.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Gladstone Capital Corporation (GLAD) opened at $9.54 on Tuesday. The firm has a market cap of $245.02, a price-to-earnings ratio of 10.95 and a beta of 1.21. Gladstone Capital Corporation has a fifty-two week low of $8.67 and a fifty-two week high of $10.12. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.42.
Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Monday, November 20th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.21. The company had revenue of $10.83 million during the quarter, compared to analysts’ expectations of $10.72 million. Gladstone Capital had a net margin of 43.78% and a return on equity of 9.94%. analysts anticipate that Gladstone Capital Corporation will post 0.86 EPS for the current year.
A number of equities research analysts recently issued reports on the stock. Wedbush assumed coverage on shares of Gladstone Capital in a research report on Wednesday, September 27th. They set a “neutral” rating and a $9.40 target price for the company. National Securities reissued a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital in a report on Tuesday, September 26th. Zacks Investment Research raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Ladenburg Thalmann Financial Services began coverage on shares of Gladstone Capital in a research note on Friday, October 6th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $9.16.
Several institutional investors have recently made changes to their positions in GLAD. GSA Capital Partners LLP lifted its position in Gladstone Capital by 193.0% during the third quarter. GSA Capital Partners LLP now owns 89,073 shares of the investment management company’s stock worth $846,000 after purchasing an additional 58,673 shares during the period. Janney Montgomery Scott LLC lifted its position in Gladstone Capital by 68.5% during the third quarter. Janney Montgomery Scott LLC now owns 43,549 shares of the investment management company’s stock worth $414,000 after purchasing an additional 17,709 shares during the period. OxFORD Asset Management LLP bought a new stake in Gladstone Capital during the third quarter worth about $151,000. JPMorgan Chase & Co. lifted its position in Gladstone Capital by 9.5% during the third quarter. JPMorgan Chase & Co. now owns 87,117 shares of the investment management company’s stock worth $820,000 after purchasing an additional 7,586 shares during the period. Finally, Legal & General Group Plc raised its stake in Gladstone Capital by 22.5% during the third quarter. Legal & General Group Plc now owns 75,544 shares of the investment management company’s stock worth $717,000 after acquiring an additional 13,875 shares in the last quarter. 14.34% of the stock is owned by institutional investors.
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About Gladstone Capital
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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