Gladstone Capital (NASDAQ:GLAD) Raised to “Strong-Buy” at Zacks Investment Research
Gladstone Capital (NASDAQ: GLAD- Get a rating) has been updated by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a research note released Friday to investors, Zacks.com reports. The brokerage currently has a price target of $14.00 on shares of the investment management firm. Zacks Investment ResearchThe stock price target indicates a potential upside of 15.89% from the current stock price.
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 senior subordinated loans to small and medium-sized businesses. The company targets small and medium-sized private companies that meet some or all of our criteria, including growth potential, adequate assets for loan collateral, experienced management teams with significant ownership in the business, adequate capitalization, profitable cash flow based operations, substantial participation by a buyout fund or corporate capital fund and potential opportunities for us to achieve appreciation and gain liquidity in our equity position.”
GLAD has been the subject of several other research reports. StockNews.com launched coverage on Gladstone Capital in a research report on Thursday, March 31. They issued a “hold” rating on the stock. Raymond James launched Gladstone Capital’s coverage in a research report on Wednesday, April 6. They set a “market performance” rating on the stock.
Shares of NASDAQ GLAD rose $0.17 during Friday trading hours, hitting $12.08. 107,400 shares of the company were traded, with an average volume of 147,547. The company’s 50-day moving average price is $11.73 and its 200-day moving average price is $11.51. The stock has a market cap of $414.39 million, a price-to-earnings ratio of 5.75, a growth price-to-earnings ratio of 2.75, and a beta of 1.29. Gladstone Capital has a 12-month low of $9.92 and a 12-month high of $12.78.
Gladstone Capital (NASDAQ: GLAD- Get a rating) last reported quarterly earnings data on Wednesday, February 2. The investment management firm reported EPS of $0.27 for the quarter, beating the consensus estimate of $0.20 by $0.07. The company posted revenue of $16.17 million for the quarter, versus a consensus estimate of $14.34 million. Gladstone Capital had a return on equity of 10.05% and a net margin of 115.70%. In the same quarter a year earlier, the company posted EPS of $0.20. Sell-side analysts expect Gladstone Capital to post an EPS of 0.86 for the current financial year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Equity Services LLC increased its stake in shares of Gladstone Capital by 13.2% during the 1st quarter. Commonwealth Equity Services LLC now owns 13,725 shares of the investment management company worth $161,000 after buying 1,596 additional shares in the last quarter. Raymond James & Associates increased its stake in shares of Gladstone Capital by 14.3% during the third quarter. Raymond James & Associates now owns 17,822 shares of the investment management firm worth $201,000 after buying 2,224 more shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Gladstone Capital by 79.4% during the 2nd quarter. Wells Fargo & Company MN now owns 7,037 shares of the investment management company worth $80,000 after buying 3,115 additional shares in the last quarter. Royal Bank of Canada increased its stake in shares of Gladstone Capital by 14.6% during the third quarter. Royal Bank of Canada now owns 25,481 shares of the investment management firm worth $289,000 after buying 3,246 more shares in the last quarter. Finally, Marshall Wace North America LP purchased a new equity stake from Gladstone Capital during Q1 for $39,000. 10.38% of the shares are currently held by institutional investors and hedge funds.
Gladstone Capital Company Profile (Get a rating)
Gladstone Capital Corporation is a business development firm specializing in lower middle market, growth capital, add-on acquisitions, change of control, buy and build strategies, debt refinancing, loan investments first lien term loans, revolving loans, first and second lien secured 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.
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Gladstone Capital right now?
Before you consider Gladstone Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off… and Gladstone Capital was not on the list.
While Gladstone Capital currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here