Gladstone Capital (NASDAQ:GLAD) Research Coverage Started at B. Riley

B. Riley started coverage on shares of Gladstone Capital (NASDAQ:GLAD) in a report released on Wednesday, MarketBeat.com reports. The brokerage issued a neutral rating and a $23.00 price target on the investment management company’s stock. B. Riley also issued estimates for Gladstone Capital’s Q4 2024 earnings at $0.52 EPS, FY2024 earnings at $2.13 EPS, Q1 2025 earnings at $0.50 EPS, Q2 2025 earnings at $0.47 EPS, Q3 2025 earnings at $0.47 EPS, Q4 2025 earnings at $0.48 EPS and FY2025 earnings at $1.91 EPS.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD opened at $24.18 on Wednesday. The company has a 50 day moving average of $23.56 and a 200 day moving average of $22.91. The stock has a market cap of $526.01 million, a P/E ratio of 8.76 and a beta of 1.26. Gladstone Capital has a 12 month low of $18.56 and a 12 month high of $25.29. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.15.

Gladstone Capital (NASDAQ:GLAD) last issued its quarterly earnings data on Wednesday, August 7th. The investment management company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.53 by $0.04. The company had revenue of $25.69 million during the quarter, compared to analysts’ expectations of $24.69 million. Gladstone Capital had a net margin of 78.40% and a return on equity of 10.87%. As a group, sell-side analysts forecast that Gladstone Capital will post 2.14 EPS for the current fiscal year.

Gladstone Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 20th will be paid a dividend of $0.165 per share. The ex-dividend date is Friday, December 20th. This represents a $1.98 annualized dividend and a yield of 8.19%. Gladstone Capital’s dividend payout ratio is currently 71.74%.

Hedge Funds Weigh In On Gladstone Capital

A number of hedge funds and other institutional investors have recently bought and sold shares of GLAD. International Assets Investment Management LLC grew its stake in Gladstone Capital by 2,305.0% in the 3rd quarter. International Assets Investment Management LLC now owns 384,535 shares of the investment management company’s stock worth $9,248,000 after buying an additional 368,546 shares in the last quarter. Legacy Capital Wealth Partners LLC purchased a new position in Gladstone Capital in the 2nd quarter worth approximately $1,723,000. TrueMark Investments LLC purchased a new position in Gladstone Capital in the 2nd quarter worth approximately $1,451,000. Good Life Advisors LLC grew its stake in Gladstone Capital by 101.2% in the 3rd quarter. Good Life Advisors LLC now owns 17,850 shares of the investment management company’s stock worth $429,000 after buying an additional 8,979 shares in the last quarter. Finally, Register Financial Advisors LLC purchased a new position in Gladstone Capital in the 1st quarter worth approximately $69,000. Hedge funds and other institutional investors own 10.72% of the company’s stock.

About Gladstone Capital

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.