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

Gladstone Capital (NASDAQ:GLAD) released its earnings results on Tuesday. The investment management company reported $0.50 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.03), Zacks reports. Gladstone Capital had a net margin of 97.81% and a return on equity of 10.48%.

Gladstone Capital Price Performance

Shares of NASDAQ:GLAD traded down $0.59 during mid-day trading on Tuesday, reaching $28.09. The stock had a trading volume of 136,717 shares, compared to its average volume of 117,114. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.15. The company has a market cap of $627.25 million, a P/E ratio of 7.39 and a beta of 1.27. Gladstone Capital has a 1 year low of $19.20 and a 1 year high of $30.43. The business’s 50 day moving average price is $28.57 and its 200 day moving average price is $25.67.

Gladstone Capital Cuts Dividend

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

Analyst Ratings Changes

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

Insider Buying and Selling

In other Gladstone Capital news, President Bob Marcotte sold 15,500 shares of the business’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 sale, the president now directly owns 248,210 shares of the company’s stock, valued at $6,788,543.50. The trade was a 5.88 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 3.96% of the stock is 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.