Gladstone Capital (NASDAQ:GLAD) Announces Earnings Results

Gladstone Capital (NASDAQ:GLAD) posted its quarterly earnings data on Tuesday. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03), Zacks reports. Gladstone Capital had a net margin of 97.81% and a return on equity of 10.48%.

Gladstone Capital Trading Down 2.1 %

Shares of NASDAQ GLAD opened at $28.09 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. Gladstone Capital has a 12 month low of $19.20 and a 12 month high of $30.43. The company has a market cap of $627.25 million, a price-to-earnings ratio of 7.39 and a beta of 1.27. The business has a fifty day simple moving average of $28.58 and a 200-day simple moving average of $25.70.

Gladstone Capital Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 27th were issued a $0.165 dividend. This represents a dividend yield of 6.57%. The ex-dividend date was Friday, January 24th. Gladstone Capital’s payout ratio is 52.11%.

Analyst Ratings Changes

Separately, B. Riley assumed coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 target price for the company.

Insider Buying and Selling

In other news, President Bob Marcotte sold 15,500 shares of the stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the completion of the sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.96% of the stock is currently owned by company insiders.

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.