Gladstone Capital Co. (NASDAQ:GLAD) is expected to report earnings of $0.20 per share
Equity analysts expect Gladstone Capital Co. (NASDAQ:GLAD) to report earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Two analysts provided earnings estimates for Gladstone Capital. Gladstone Capital also posted earnings per share of $0.20 in the same quarter last year. The company is due to announce its next results on Wednesday, February 2.
On average, analysts expect Gladstone Capital to report annual earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.78 to $0.80. For next year, analysts expect the company to post earnings of $0.80 per share. Zacks’ EPS calculations are an average average based on a survey of research analysts who provide coverage for Gladstone Capital.
Gladstone Capital Inc (NASDAQ:GLAD) last released its quarterly results on Monday, November 15. The investment management firm reported EPS of $0.20 for the quarter, meeting the Zacks consensus estimate of $0.20. Gladstone Capital had a net margin of 156.71% and a return on equity of 9.26%. The company posted revenue of $14.36 million for the quarter, versus analyst estimates of $13.89 million. In the same quarter of the previous year, the company achieved EPS of $0.20.
Separately, Zacks Investment Research upgraded Gladstone Capital from a “buy” rating to a “hold” rating in a report released Wednesday.
HAPPY traded at $0.24 during Friday’s trading, reaching $10.80. The stock recorded trading volume of 1,740 shares, compared to an average trading volume of 128,416 shares. The company has a 50-day moving average of $11.50 and a 200-day moving average of $11.52. Gladstone Capital has a one-year low of $9.02 and a one-year high of $12.58. The company has a debt ratio of 0.16, a quick ratio of 0.03 and a current ratio of 0.03. The stock has a market capitalization of $370.48 million, a PE ratio of 4.25, a PEG ratio of 2.86 and a beta of 1.38.
The company also recently disclosed a monthly dividend, which will be paid on Thursday, March 31. Shareholders of record on Wednesday, March 23 will receive a dividend of $0.065. The ex-dividend date is Tuesday, March 22. This represents a dividend of $0.78 on an annualized basis and a dividend yield of 7.22%. Gladstone Capital’s dividend payout ratio (DPR) is 30.71%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wedbush Securities Inc. increased its position in Gladstone Capital by 6.3% in the third quarter. Wedbush Securities Inc. now owns 15,117 shares of the investment management company valued at $171,000 after buying 891 additional shares in the last quarter. Koshinski Asset Management Inc. increased its stake in Gladstone Capital by 3.8% during the third quarter. Koshinski Asset Management Inc. now owns 34,189 shares of the investment management company valued at $386,000 after buying 1,251 additional shares in the last quarter. International Assets Investment Management LLC increased its position in Gladstone Capital by 1.5% in the third quarter. International Assets Investment Management LLC now owns 115,286 shares of the investment management company valued at $1,303,000 after purchasing an additional 1,651 shares during the period. Raymond James & Associates increased its position in Gladstone Capital by 14.3% during the third quarter. Raymond James & Associates now owns 17,822 shares of the investment management firm valued at $201,000 after buying 2,224 additional shares during the period. Finally, Wells Fargo & Company MN increased its stake in Gladstone Capital by 79.4% in the second quarter. Wells Fargo & Company MN now owns 7,037 shares of the investment management company worth $80,000 after acquiring 3,115 additional shares in the last quarter. Institutional investors and hedge funds own 10.24% of the company’s shares.
Gladstone Capital Company Profile
Gladstone Capital is a specialty finance company that invests in debt securities consisting primarily of senior term loans, senior subordinated loans and junior subordinated loans in small and medium-sized companies, which meet certain criteria. Criteria may include some or all of the following: potential for cash flow growth, adequate assets to back the loan, experienced management teams with significant stake in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, reasonable capitalization of the borrower and the potential for appreciation and liquidity of our equity position, if any.
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