Gladstone Capital (GLAD) Receiving Somewhat Favorable News Coverage, Report Shows
News stories about Gladstone Capital (NASDAQ:GLAD) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Gladstone Capital earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned headlines about the investment management company an impact score of 46.2185166433815 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
GLAD has been the topic of several analyst reports. National Securities reiterated a “sell” rating and issued a $8.00 target price on shares of Gladstone Capital in a research note on Tuesday, September 26th. Ladenburg Thalmann Financial Services initiated coverage on shares of Gladstone Capital in a research note on Friday, October 6th. They issued a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. Finally, Wedbush initiated coverage on shares of Gladstone Capital in a research note on Wednesday, September 27th. They issued a “neutral” rating and a $9.40 target price on the stock. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. Gladstone Capital currently has an average rating of “Hold” and an average price target of $9.16.
Shares of Gladstone Capital (NASDAQ:GLAD) traded down $0.05 during midday trading on Friday, hitting $9.28. 133,391 shares of the stock traded hands, compared to its average volume of 222,906. The company has a market capitalization of $243.99, a P/E ratio of 13.85 and a beta of 1.23. Gladstone Capital has a 52-week low of $8.67 and a 52-week high of $10.12. The company has a current ratio of 4.33, a quick ratio of 4.33 and a debt-to-equity ratio of 0.42.
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Stockholders of record on Friday, February 16th will be issued a dividend of $0.07 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.84 annualized dividend and a dividend yield of 9.05%. Gladstone Capital’s payout ratio is 125.37%.
In related news, President Robert L. Marcotte acquired 8,000 shares of the firm’s stock in a transaction dated Wednesday, November 29th. The stock was purchased at an average cost of $9.82 per share, with a total value of $78,560.00. Following the completion of the acquisition, the president now directly owns 381,770 shares of the company’s stock, valued at $3,748,981.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Walter H. Wilkinson acquired 6,134 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were bought at an average cost of $9.79 per share, with a total value of $60,051.86. Following the completion of the acquisition, the director now directly owns 13,517 shares of the company’s stock, valued at $132,331.43. The disclosure for this purchase can be found here. Insiders have bought 22,334 shares of company stock valued at $215,692 over the last three months. 5.89% of the stock is owned by corporate insiders.
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About Gladstone Capital
Gladstone Capital Corporation is a closed-end, non-diversified management investment company, operating as a business development company (BDC). The objectives of the Company are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time, and to provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses that it believes can grow over time to permit it to sell its equity investments for capital gains.
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