Gladstone Capital (NASDAQ:GLAD) Announces Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Gladstone Capital (NASDAQ:GLAD) issued its earnings results on Tuesday. The investment management company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Down 2.1 %

GLAD stock opened at $28.09 on Wednesday. The company has a quick ratio of 0.04, a current ratio of 0.04 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $28.58 and its 200 day simple moving average is $25.70. The stock has a market cap of $627.25 million, a PE ratio of 7.39 and a beta of 1.27. Gladstone Capital has a fifty-two week low of $19.20 and a fifty-two week high of $30.43.

Gladstone Capital Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were given a dividend of $0.165 per share. The ex-dividend date was Friday, January 24th. This represents a dividend yield of 6.57%. Gladstone Capital’s dividend payout ratio is currently 52.11%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Gladstone Capital

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the business’s stock in a transaction 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 completion of the transaction, the president now 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 SEC, which can be accessed through this link. 3.96% of the stock is currently owned by company insiders.

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.