Gladstone Capital (NASDAQ: GLAD) has been improved by Zacks investment research from a “keep” note to a “buy” note in a note issued to investors on Tuesday, Zacks.com reports. The brokerage firm currently has a target price of $ 12.00 on the shares of the investment management company. Zacks investment researchThe price target for s indicates a potential rise of 8.89% from the share’s previous close.
According to Zacks, “Gladstone Capital Corporation is a specialty finance company that invests in debt securities comprised primarily of senior term loans, senior subordinated loans and junior subordinated loans in small and medium-sized businesses. The Company targets small and medium-sized private companies that meet all or part of our criteria, including growth potential, adequate assets for loan guarantees, experienced management teams with a significant stake in the business, adequate capitalization, profitable operations based on cash flow, substantial participation by a buyout fund or corporate equity fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. “
NASDAQ: GLAD traded up $ 0.28 during trading hours on Tuesday, reaching $ 11.02. 148,858 shares of the company were traded, for an average volume of 165,970. The stock’s 50-day moving average is $ 11.64 and its 200-day moving average is $ 11.55. The company has a market cap of $ 378.03 million, a PE ratio of 4.34, a price / earnings-growth ratio of 2.83 and a beta of 1.40. The company has a current ratio of 0.03, a quick ratio of 0.03, and a debt ratio of 0.16. Gladstone Capital has a twelve month low of $ 8.60 and a twelve month high of $ 12.58.
Gladstone Capital (NASDAQ: GLAD) last released its results on Monday, November 15. The investment management firm reported EPS of $ 0.20 for the quarter, hitting 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 in the quarter, compared to analysts’ expectations of $ 13.89 million. During the same period of the previous year, the company made a profit of $ 0.20 per share. As a group, research analysts predict Gladstone Capital will post 0.79 EPS for the current year.
A number of institutional investors have recently changed their holdings in GLAD. Mackenzie Financial Corporation increased its holdings in Gladstone Capital by 115.9% during the second quarter. Mackenzie Financial Corporation now owns 102,139 shares of the investment management company valued at $ 1,167,000 after purchasing an additional 54,833 shares in the last quarter. Shulman DeMeo Asset Management LLC acquired a new position in Gladstone Capital shares in Q3 valued at $ 549,000. BlackRock Inc. increased its stake in Gladstone Capital shares by 15.1% in the 3rd quarter. BlackRock Inc. now owns 218,414 shares of the investment management company valued at $ 2,468,000 after acquiring an additional 28,687 shares during the period. Morgan Stanley increased its stake in Gladstone Capital by 15.3% in the 2nd quarter. Morgan Stanley now owns 210,688 shares of the investment management company valued at $ 2,408,000 after purchasing an additional 27,908 shares during the period. Finally, DNB Asset Management AS increased its stake in Gladstone Capital by 22.3% in the 3rd quarter. DNB Asset Management AS now owns 135,253 shares of the investment management company valued at $ 1,528,000 after purchasing an additional 24,633 shares during the period. Institutional investors hold 10.83% of the company’s shares.
About Gladstone Capital
Gladstone Capital is a specialized financial firm that invests in debt securities comprised primarily of senior term loans, senior subordinated loans and junior subordinated loans in small and medium-sized enterprises, which meet certain criteria. Criteria may include any or all of the following: potential for cash flow growth, adequate assets for loan guarantees, experienced management teams with a significant stake in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, a reasonable capitalization of the borrower, and the ability to realize appreciation and earn cash from our equity, if applicable.
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