Gladstone Capital (NASDAQ:GLAD) Lifted to “Hold” at StockNews.com

Gladstone Capital (NASDAQ:GLAD) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Gladstone Capital Stock Up 1.3 %

Gladstone Capital stock traded up $0.14 during trading hours on Thursday, hitting $10.73. 245,585 shares of the stock traded hands, compared to its average volume of 263,750. Gladstone Capital has a one year low of $9.11 and a one year high of $11.28. The firm’s 50-day moving average price is $10.36 and its two-hundred day moving average price is $10.22. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. The company has a market cap of $466.86 million, a PE ratio of 7.45 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). The firm had revenue of $23.22 million for the quarter, compared to the consensus estimate of $23.39 million. Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. On average, research analysts forecast that Gladstone Capital will post 1.1 EPS for the current year.

Institutional Investors Weigh In On Gladstone Capital

Hedge funds have recently bought and sold shares of the business. Millennium Management LLC purchased a new position in shares of Gladstone Capital during the second quarter valued at approximately $3,878,000. LPL Financial LLC raised its stake in Gladstone Capital by 4.3% during the third quarter. LPL Financial LLC now owns 363,351 shares of the investment management company’s stock valued at $3,503,000 after buying an additional 15,119 shares during the last quarter. Advisors Asset Management Inc. raised its stake in Gladstone Capital by 3.9% during the first quarter. Advisors Asset Management Inc. now owns 358,291 shares of the investment management company’s stock valued at $3,368,000 after buying an additional 13,511 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in Gladstone Capital by 1,319.3% in the fourth quarter. International Assets Investment Management LLC now owns 343,267 shares of the investment management company’s stock worth $3,673,000 after acquiring an additional 319,081 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in shares of Gladstone Capital by 7.1% in the fourth quarter. Legal & General Group Plc now owns 293,169 shares of the investment management company’s stock worth $3,135,000 after acquiring an additional 19,472 shares during the last quarter. Institutional investors own 10.72% of the company’s stock.

Gladstone Capital Company Profile

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.