Gladstone Capital (NASDAQ:GLAD) Upgraded to Hold by StockNews.com

Gladstone Capital (NASDAQ:GLAD) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a report released on Thursday.

Gladstone Capital Stock Up 1.3 %

GLAD stock traded up $0.14 during trading on Thursday, reaching $10.73. 245,585 shares of the company traded hands, compared to its average volume of 263,750. The business has a 50 day simple moving average of $10.36 and a 200 day simple moving average of $10.22. Gladstone Capital has a 12 month low of $9.11 and a 12 month high of $11.28. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.05 and a current ratio of 0.05. The company has a market capitalization of $466.86 million, a price-to-earnings ratio of 7.45 and a beta of 1.25.

Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings results on Monday, February 5th. The investment management company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). Gladstone Capital had a net margin of 63.05% and a return on equity of 11.59%. The firm had revenue of $23.22 million during the quarter, compared to the consensus estimate of $23.39 million. On average, equities research analysts anticipate that Gladstone Capital will post 1.1 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Creekmur Asset Management LLC acquired a new stake in Gladstone Capital in the fourth quarter worth about $67,000. Legal & General Group Plc boosted its stake in Gladstone Capital by 7.1% in the 4th quarter. Legal & General Group Plc now owns 293,169 shares of the investment management company’s stock worth $3,135,000 after purchasing an additional 19,472 shares in the last quarter. Royal Bank of Canada boosted its stake in Gladstone Capital by 13.3% in the 4th quarter. Royal Bank of Canada now owns 50,160 shares of the investment management company’s stock worth $537,000 after purchasing an additional 5,903 shares in the last quarter. Garner Asset Management Corp purchased a new stake in Gladstone Capital during the 4th quarter worth approximately $40,000. Finally, Eagle Global Advisors LLC increased its stake in Gladstone Capital by 15.4% during the 4th quarter. Eagle Global Advisors LLC now owns 16,120 shares of the investment management company’s stock valued at $172,000 after purchasing an additional 2,150 shares in the last quarter. 10.72% of the stock is owned by institutional investors and hedge funds.

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.