Gladstone Capital (NASDAQ:GLAD) Announces Earnings Results
Gladstone Capital (NASDAQ:GLAD) released its quarterly earnings results on Wednesday. The investment management company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.01), MarketWatch Earnings reports. Gladstone Capital had a positive return on equity of 10.76% and a negative net margin of 13.99%. The company had revenue of $11.73 million during the quarter, compared to analysts’ expectations of $12.56 million.
Shares of GLAD opened at $7.25 on Friday. The business’s 50 day moving average is $7.23 and its two-hundred day moving average is $7.65. Gladstone Capital has a 52-week low of $4.04 and a 52-week high of $10.69. The firm has a market cap of $230.51 million, a price-to-earnings ratio of 8.90 and a beta of 1.43. The company has a quick ratio of 0.06, a current ratio of 0.10 and a debt-to-equity ratio of 0.59.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 23rd will be given a $0.065 dividend. This represents a $0.78 dividend on an annualized basis and a dividend yield of 10.76%. The ex-dividend date is Tuesday, September 22nd. Gladstone Capital’s payout ratio is 92.86%.
About Gladstone Capital
Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.
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