Gladstone Capital (NASDAQ:GLAD) Announces Earnings Results

Gladstone Capital (NASDAQ:GLAD) posted its quarterly earnings results on Wednesday. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31), Zacks reports. The company had revenue of $24.00 million during the quarter, compared to analysts’ expectations of $24.08 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. During the same period in the prior year, the business posted $0.52 EPS.

Gladstone Capital Trading Down 2.4 %

Shares of GLAD stock traded down $0.53 during trading on Thursday, hitting $21.24. 269,754 shares of the stock traded hands, compared to its average volume of 147,808. Gladstone Capital has a 52-week low of $18.38 and a 52-week high of $22.56. The firm has a market capitalization of $461.97 million, a P/E ratio of 7.38 and a beta of 1.23. The firm’s fifty day moving average price is $20.71 and its 200-day moving average price is $20.65. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.05 and a quick ratio of 0.05.

Gladstone Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, June 19th will be paid a $0.165 dividend. The ex-dividend date of this dividend is Tuesday, June 18th. This represents a $1.98 annualized dividend and a dividend yield of 9.32%. Gladstone Capital’s dividend payout ratio (DPR) is 68.75%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Tuesday.

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.