Media stories about Gladstone Capital (NASDAQ:GLAD) have been trending somewhat positive this week, Accern Sentiment reports. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Gladstone Capital earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 46.2185166433815 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- How North and South Korea split (gladstoneobserver.com.au)
- Gladstone Capital Co. (GLAD) CFO Buys $11,987.58 in Stock (americanbankingnews.com)
- Gladstone Capital Co. (GLAD) President Robert L. Marcotte Purchases 11,400 Shares (americanbankingnews.com)
- Q3 2018 EPS Estimates for Gladstone Capital Co. Raised by Wedbush (GLAD) (americanbankingnews.com)
- Gladstone Capital (GLAD) Downgraded to “C+” at TheStreet (americanbankingnews.com)
Gladstone Capital (NASDAQ:GLAD) traded up $0.04 during mid-day trading on Friday, hitting $9.05. The stock had a trading volume of 160,064 shares, compared to its average volume of 175,075. Gladstone Capital has a 1-year low of $7.80 and a 1-year high of $10.12. The stock has a market capitalization of $241.02, a price-to-earnings ratio of 10.06 and a beta of 1.11. The company has a quick ratio of 4.33, a current ratio of 5.96 and a debt-to-equity ratio of 0.58.
Gladstone Capital (NASDAQ:GLAD) last released its quarterly earnings data on Monday, February 5th. The investment management company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. Gladstone Capital had a return on equity of 9.97% and a net margin of 58.48%. The firm had revenue of $10.86 million for the quarter, compared to analysts’ expectations of $10.72 million. equities research analysts forecast that Gladstone Capital will post 0.85 earnings per share for the current fiscal year.
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 28th. Investors of record on Friday, February 16th will be issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 9.28%. The ex-dividend date of this dividend is Thursday, February 15th. Gladstone Capital’s dividend payout ratio is presently 93.33%.
A number of analysts have commented on GLAD shares. Zacks Investment Research upgraded Gladstone Capital from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th. TheStreet lowered Gladstone Capital from a “b” rating to a “c+” rating in a research note on Tuesday, February 6th. Ladenburg Thalmann Financial Services upgraded Gladstone Capital from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, National Securities reiterated a “sell” rating and set a $8.00 price objective on shares of Gladstone Capital in a research note on Wednesday, November 22nd. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $9.16.
In related news, President Robert L. Marcotte acquired 8,000 shares of the business’s stock in a transaction dated Wednesday, November 29th. The shares were acquired at an average price of $9.82 per share, with a total value of $78,560.00. Following the completion of the transaction, the president now owns 381,770 shares of the company’s stock, valued at $3,748,981.40. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Walter H. Wilkinson acquired 6,134 shares of the business’s stock in a transaction dated Monday, November 27th. The shares were bought at an average cost of $9.79 per share, for a total transaction of $60,051.86. Following the transaction, the director now directly owns 13,517 shares of the company’s stock, valued at approximately $132,331.43. The disclosure for this purchase can be found here. Insiders purchased 36,063 shares of company stock worth $339,855 over the last quarter. 5.89% of the stock is currently owned by 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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