Gladstone Capital (NASDAQ: GLAD) has been improved by Zacks investment research from a “keep” note to a “buy” note in a note issued to investors on Tuesday, Zacks.com reports. The brokerage firm currently has a target price of $ 12.00 on the shares of the investment management company. Zacks investment researchThe price target for s indicates a potential rise of 8.89% from the share’s previous close.
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 junior subordinated loans in small and medium-sized businesses. The Company targets small and medium-sized private companies that meet all or part of our criteria, including growth potential, adequate assets for loan guarantees, experienced management teams with a significant stake in the business, a adequate capitalization, profitable operations based on cash flow, substantial participation by a buyout fund or corporate equity fund and potential opportunities for us to realize appreciation and gain liquidity in our equity position. “
NASDAQ: GLAD traded up $ 0.28 during trading hours on Tuesday, reaching $ 11.02. 148,858 shares of the company were traded, for an average volume of 165,970. The stock’s 50-day moving average is $ 11.64 and its 200-day moving average is $ 11.55. The company has a market cap of $ 378.03 million, a PE ratio of 4.34, a price / earnings-growth ratio of 2.83 and a beta of 1.40. The company has a current ratio of 0.03, a quick ratio of 0.03, and a debt ratio of 0.16. Gladstone Capital has a twelve month low of $ 8.60 and a twelve month high of $ 12.58.
Gladstone Capital (NASDAQ: GLAD) last released its results on Monday, November 15. The investment management firm reported EPS of $ 0.20 for the quarter, hitting the Zacks’ consensus estimate of $ 0.20. Gladstone Capital had a net margin of 156.71% and a return on equity of 9.26%. The company posted revenue of $ 14.36 million in the quarter, compared to analysts’ expectations of $ 13.89 million. During the same period of the previous year, the company made a profit of $ 0.20 per share. As a group, research analysts predict Gladstone Capital will post 0.79 EPS for the current year.
A number of institutional investors have recently changed their holdings in GLAD. Mackenzie Financial Corporation increased its holdings in Gladstone Capital by 115.9% during the second quarter. Mackenzie Financial Corporation now owns 102,139 shares of the investment management company valued at $ 1,167,000 after purchasing an additional 54,833 shares in the last quarter. Shulman DeMeo Asset Management LLC acquired a new position in Gladstone Capital shares in Q3 valued at $ 549,000. BlackRock Inc. increased its stake in Gladstone Capital shares by 15.1% in the 3rd quarter. BlackRock Inc. now owns 218,414 shares of the investment management company valued at $ 2,468,000 after acquiring an additional 28,687 shares during the period. Morgan Stanley increased its stake in Gladstone Capital by 15.3% in the 2nd quarter. Morgan Stanley now owns 210,688 shares of the investment management company valued at $ 2,408,000 after purchasing an additional 27,908 shares during the period. Finally, DNB Asset Management AS increased its stake in Gladstone Capital by 22.3% in the 3rd quarter. DNB Asset Management AS now owns 135,253 shares of the investment management company valued at $ 1,528,000 after purchasing an additional 24,633 shares during the period. Institutional investors hold 10.83% of the company’s shares.
About Gladstone Capital
Gladstone Capital is a specialized financial firm that invests in debt securities composed primarily of senior term loans, senior subordinated loans and junior subordinated loans in small and medium-sized enterprises, which meet certain criteria. Criteria may include any or all of the following: potential for cash flow growth, adequate assets for loan guarantees, experienced management teams with a significant stake in the business, adequate capitalization, profitable operations based on the borrower’s cash flow, a reasonable capitalization of the borrower, and the ability to realize appreciation and cash flow from our equity, if applicable.
Featured Article: Overbought
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and financial data from MarketBeat to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team before publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in Gladstone Capital now?
Before you consider Gladstone Capital, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their clients to buy now before the broader market takes hold … 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