Gladstone Capital (GLAD) Expected to Announce Earnings on Tuesday

Gladstone Capital (NASDAQ:GLAD - Get Free Report) will likely be announcing its earnings results after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $24.40 million for the quarter. Investors that wish to listen to the company's conference call can do so using this link.

Gladstone Capital Stock Performance

GLAD stock traded up $0.06 on Friday, reaching $28.87. 84,679 shares of the company were exchanged, compared to its average volume of 117,091. The firm has a market capitalization of $644.67 million, a PE ratio of 7.60 and a beta of 1.27. Gladstone Capital has a 12 month low of $19.20 and a 12 month high of $30.43. The stock's fifty day moving average price is $28.53 and its 200 day moving average price is $25.58. 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 business also recently declared a dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 27th were given a $0.165 dividend. The ex-dividend date was Friday, January 24th. This represents a yield of 6.57%. Gladstone Capital's dividend payout ratio is 52.11%.

Insider Activity

In other news, President Bob Marcotte sold 15,500 shares of Gladstone Capital stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now directly owns 248,210 shares in the company, valued at approximately $6,788,543.50. The trade was a 5.88 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.96% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Gladstone Capital in a research note on Wednesday, October 23rd. They issued a "neutral" rating and a $23.00 target price for the company.

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.