Gladstone Capital (GLAD) Projected to Post Earnings on Tuesday

Gladstone Capital (NASDAQ:GLAD) will likely be issuing its quarterly earnings data after the market closes on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.53 per share and revenue of $24.40 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Gladstone Capital Stock Down 1.0 %

NASDAQ:GLAD opened at $29.46 on Tuesday. The company has a market cap of $657.84 million, a PE ratio of 7.75 and a beta of 1.27. The stock has a 50-day simple moving average of $28.44 and a 200 day simple moving average of $25.49. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.04 and a current ratio of 0.04. Gladstone Capital has a 52-week low of $19.20 and a 52-week high of $30.43.

Gladstone Capital Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 27th were paid a dividend of $0.165 per share. 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%.

Wall Street Analysts Forecast Growth

Separately, B. Riley initiated coverage on shares of Gladstone Capital in a report on Wednesday, October 23rd. They set a “neutral” rating and a $23.00 target price for the company.

Insider Buying and Selling

In related news, President Bob Marcotte sold 15,500 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $27.35, for a total value of $423,925.00. Following the transaction, the president now owns 248,210 shares in the company, valued at approximately $6,788,543.50. This represents a 5.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 3.96% of the stock is currently owned by corporate insiders.

Gladstone Capital Company Profile

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.