Gladstone Capital (GLAD) Projected to Post Earnings on Tuesday

Gladstone Capital (NASDAQ:GLAD) is anticipated to post its quarterly earnings results after the market closes on Tuesday, February 11th. Analysts expect Gladstone Capital to post earnings of $0.53 per share and revenue of $24.40 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Gladstone Capital Price Performance

Gladstone Capital stock opened at $29.46 on Tuesday. The firm has a market cap of $657.84 million, a P/E ratio of 7.75 and a beta of 1.27. The stock’s 50 day moving average is $28.44 and its 200 day moving average is $25.49. 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 has a one year low of $19.20 and a one year high of $30.43.

Gladstone Capital Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders 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 is currently 52.11%.

Insider Activity

In related 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 transaction, the president now directly owns 248,210 shares of the company’s stock, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 3.96% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley began coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They issued a “neutral” rating and a $23.00 target price on the stock.

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.