Gladstone Capital (NASDAQ:GLAD) Issues Earnings Results

Gladstone Capital (NASDAQ:GLAD - Get Free Report) issued its earnings results on Tuesday. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate 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 Up 2.9 %

Shares of NASDAQ:GLAD traded up $0.82 during trading on Friday, hitting $29.22. The company's stock had a trading volume of 78,461 shares, compared to its average volume of 112,402. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43. The stock's 50-day moving average price is $28.69 and its two-hundred day moving average price is $25.79. The company has a market capitalization of $652.48 million, a PE ratio of 7.69 and a beta of 1.27.

Gladstone Capital Cuts Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the company's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $27.35, for a total transaction of $423,925.00. Following the sale, the president now owns 248,210 shares in the company, valued at $6,788,543.50. This represents a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 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.