Analysts Anticipate Gladstone Capital Co. (GLAD) Will Post Earnings of $0.21 Per Share

Equities analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to post $0.21 earnings per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Gladstone Capital’s earnings. Gladstone Capital also posted earnings of $0.21 per share in the same quarter last year. The business is expected to announce its next quarterly earnings results on Monday, February 4th.

According to Zacks, analysts expect that Gladstone Capital will report full-year earnings of $0.85 per share for the current year, with EPS estimates ranging from $0.84 to $0.85. For the next year, analysts expect that the firm will post earnings of $0.85 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Gladstone Capital.

Gladstone Capital (NASDAQ:GLAD) last announced its earnings results on Wednesday, November 14th. The investment management company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.01). Gladstone Capital had a return on equity of 9.83% and a net margin of 41.00%. The business had revenue of $11.26 million during the quarter, compared to analysts’ expectations of $12.00 million.

A number of equities analysts have recently weighed in on GLAD shares. BidaskClub upgraded Gladstone Capital from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 11th. National Securities downgraded Gladstone Capital from a “neutral” rating to a “sell” rating and cut their target price for the stock from $8.00 to $7.00 in a research note on Tuesday, November 6th. Zacks Investment Research upgraded Gladstone Capital from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a research note on Tuesday, October 9th. Finally, ValuEngine downgraded Gladstone Capital from a “hold” rating to a “sell” rating in a research note on Wednesday, November 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.00.

In related news, President Robert L. Marcotte purchased 10,000 shares of the stock in a transaction that occurred on Tuesday, November 20th. The shares were bought at an average price of $8.71 per share, with a total value of $87,100.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, President Robert L. Marcotte purchased 12,000 shares of the stock in a transaction that occurred on Friday, December 7th. The stock was bought at an average cost of $8.33 per share, for a total transaction of $99,960.00. Following the acquisition, the president now directly owns 460,037 shares in the company, valued at approximately $3,832,108.21. The disclosure for this purchase can be found here. Insiders purchased a total of 22,582 shares of company stock worth $192,077 in the last ninety days. 5.89% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the stock. Bank of Montreal Can raised its holdings in Gladstone Capital by 6.1% during the 3rd quarter. Bank of Montreal Can now owns 260,000 shares of the investment management company’s stock valued at $2,470,000 after acquiring an additional 15,000 shares during the period. Novare Capital Management LLC raised its holdings in Gladstone Capital by 37.0% during the 3rd quarter. Novare Capital Management LLC now owns 32,750 shares of the investment management company’s stock valued at $311,000 after acquiring an additional 8,850 shares during the period. Millennium Management LLC bought a new stake in Gladstone Capital during the 1st quarter valued at $568,000. Cornerstone Wealth Management LLC raised its holdings in Gladstone Capital by 5.3% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 239,268 shares of the investment management company’s stock valued at $25,054,000 after acquiring an additional 12,030 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Gladstone Capital by 18.5% during the 2nd quarter. California Public Employees Retirement System now owns 44,200 shares of the investment management company’s stock valued at $398,000 after acquiring an additional 6,900 shares during the period. 11.87% of the stock is currently owned by institutional investors.

Shares of NASDAQ GLAD opened at $8.50 on Wednesday. Gladstone Capital has a twelve month low of $7.80 and a twelve month high of $9.92. The company has a market capitalization of $239.44 million, a PE ratio of 9.88 and a beta of 0.98. The company has a current ratio of 3.67, a quick ratio of 3.67 and a debt-to-equity ratio of 0.46.

The business also recently declared a dividend, which will be paid on Monday, December 31st. Investors of record on Thursday, December 20th will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. Gladstone Capital’s dividend payout ratio (DPR) is presently 98.82%.

Gladstone Capital Company Profile

Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

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Earnings History and Estimates for Gladstone Capital (NASDAQ:GLAD)

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