The Gladstone Capital Co. (GLAD) Plans Monthly Dividend of $0.07

The Gladstone Capital Co. (GLAD) Plans Monthly Dividend of $0.07

Gladstone Capital (GLAD) traded up 0.10% during trading on Friday, hitting $9.84. The stock had a trading volume of 106,717 shares. Gladstone Capital has a 1-year low of $6.91 and a 1-year high of $10.12. The firm’s 50 day moving average is $9.84 and its 200 day moving average is $9.32. The firm has a market cap of $251.09 million, a price-to-earnings ratio of 7.51 and a beta of 1.17.

Gladstone Capital Co. (NASDAQ:GLAD) declared a monthly dividend on Wednesday, April 12th. Investors of record on Friday, May 19th will be given a dividend of 0.07 per share by the investment management company on Wednesday, May 31st. This represents a $0.84 annualized dividend and a yield of 8.54%. The ex-dividend date is Wednesday, May 17th.

Gladstone Capital (NASDAQ:GLAD) last issued its earnings results on Wednesday, May 3rd. The investment management company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Gladstone Capital had a return on equity of 10.15% and a net margin of 53.78%. The firm had revenue of $8.79 million for the quarter, compared to the consensus estimate of $9.78 million. On average, analysts anticipate that Gladstone Capital will post $0.84 earnings per share for the current year.

A number of research analysts have commented on GLAD shares. 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, May 9th. DA Davidson restated a “buy” rating and issued a $10.00 target price on shares of Gladstone Capital in a research note on Wednesday, March 29th. TheStreet downgraded Gladstone Capital from a “b” rating to a “c+” rating in a research note on Friday, February 17th. Hilliard Lyons upgraded Gladstone Capital from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $8.50 to $9.25 in a research note on Thursday, May 4th. Finally, National Securities reaffirmed a “sell” rating and issued a $8.00 price target on shares of Gladstone Capital in a research report on Monday, May 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $9.56. In other Gladstone Capital news, President Robert L. Marcotte acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 9th. The stock was acquired at an average price of $8.96 per share, with a total value of $89,600.00. Following the transaction, the president now owns 343,743 shares of the company’s stock, valued at $3,079,937.28. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.45% of the stock is currently owned by insiders.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GLAD”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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