Downgrades Gladstone Capital (NASDAQ:GLAD) to Sell

Gladstone Capital (NASDAQ: GLAD- Get a rating) was downgraded by stock analysts to from a “hold” rating to a “sell” rating in a report released on Friday.

GLAD has been the subject of a number of other reports. Janney Montgomery Scott launched a hedge on Gladstone Capital shares in a Tuesday, July 12 research note. They issued a “neutral” rating on the title. Raymond James launched a hedge on shares of Gladstone Capital in a research note on Wednesday, April 6. They issued a “market performance” rating on the stock.

Gladstone Capital Price Performance

The NASDAQ GLAD rose $0.15 during Friday trading hours, hitting $10.81. The company’s stock had a trading volume of 169,521 shares, compared to its average volume of 165,712. The stock has a market capitalization of $370.83 million, a PE ratio of 5.15 and a beta of 1.30. Gladstone Capital has a fifty-two week low of $9.43 and a fifty-two week high of $12.78. The company’s 50-day moving average is $10.59 and its two-hundred-day moving average is $11.17. The company has a debt ratio of 0.05, a quick ratio of 0.03 and a current ratio of 0.03.

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Gladstone Capital (NASDAQ: GLAD- Get a rating) last released its quarterly earnings data on Tuesday, May 3. The investment management firm reported EPS of $0.25 for the quarter, beating consensus analyst estimates of $0.20 by $0.05. The company posted revenue of $17.26 million for the quarter, versus $14.79 million expected by analysts. Gladstone Capital had a net margin of 115.70% and a return on equity of 9.93%. Analysts expect Gladstone Capital to post EPS of 0.93 for the current year.

Institutional investors weigh in on Gladstone Capital

Several hedge funds have recently changed their holdings to GLAD. Van ECK Associates Corp increased its stake in shares of Gladstone Capital by 52.6% during the 1st quarter. Van ECK Associates Corp now owns 848,391 shares of the investment management firm worth $10,003,000 after buying an additional 292,598 shares in the last quarter. Brookstone Capital Management acquired a new equity stake in Gladstone Capital during Q2 worth approximately $741,000. Advisors Asset Management Inc. increased its position in shares of Gladstone Capital by 7.1% in the fourth quarter. Advisors Asset Management Inc. now owns 337,745 shares of the investment management company worth $3,914,000 after acquiring an additional 22,357 shares in the last quarter. Atria Wealth Solutions Inc. acquired a new equity stake from Gladstone Capital in the first quarter worth approximately $240,000. Finally, DA Davidson & CO. increased its position in shares of Gladstone Capital by 10.0% in the fourth quarter. DA Davidson & CO. now owns 176,099 shares of the investment management company worth $2,041,000 after acquiring an additional 16,047 shares in the last quarter. 10.38% of the shares are held by institutional investors and hedge funds.

Gladstone Capital Company Profile

(Get a rating)

Gladstone Capital Corporation is a business development firm specializing in lower middle market, growth capital, incremental acquisitions, change of control, buy and build strategies, debt refinancing, equity investments first lien term loans, revolving loans, first and second lien secured 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.

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