Gladstone Capital (NASDAQ:GLAD) Releases 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.03), Zacks reports. Gladstone Capital had a return on equity of 10.48% and a net margin of 97.81%.

Gladstone Capital Stock Down 2.1 %

Shares of GLAD stock traded down $0.59 on Tuesday, hitting $28.09. The company’s stock had a trading volume of 136,837 shares, compared to its average volume of 117,114. The stock has a market capitalization of $627.25 million, a price-to-earnings ratio of 7.39 and a beta of 1.27. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43. The firm’s fifty day moving average price is $28.57 and its 200-day moving average price is $25.67. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.04 and a quick ratio of 0.04.

Gladstone Capital Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction that occurred on Wednesday, December 11th. The shares were 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 of the company’s stock, valued at $6,788,543.50. This trade represents a 5.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company 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.