Gladstone Capital (NASDAQ:GLAD) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Gladstone Capital (NASDAQ:GLAD) posted its quarterly earnings results on Tuesday. The investment management company reported $0.50 EPS 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 Stock Up 0.5 %

Shares of NASDAQ:GLAD opened at $28.22 on Thursday. The company has a market capitalization of $630.15 million, a price-to-earnings ratio of 7.43 and a beta of 1.27. The company has a 50 day moving average of $28.62 and a two-hundred day moving average of $25.72. Gladstone Capital has a 52-week low of $19.20 and a 52-week high of $30.43. 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 Cuts Dividend

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

Wall Street Analyst Weigh In

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

Insider Transactions at Gladstone Capital

In related news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total value of $423,925.00. Following the transaction, the president now owns 248,210 shares in the company, valued at approximately $6,788,543.50. The trade was a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.96% 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.