Koshinski Asset Management Inc. boosted its holdings in shares of Gladstone Capital Co. (NASDAQ:GLAD) by 20.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,640 shares of the investment management company’s stock after buying an additional 5,096 shares during the quarter. Koshinski Asset Management Inc. owned approximately 0.10% of Gladstone Capital worth $278,000 at the end of the most recent reporting period.
Several other large investors have also recently modified their holdings of GLAD. Marshall Wace North America L.P. acquired a new stake in Gladstone Capital in the first quarter valued at $39,000. Novare Capital Management LLC grew its holdings in Gladstone Capital by 9.8% during the 1st quarter. Novare Capital Management LLC now owns 125,375 shares of the investment management company’s stock worth $1,130,000 after acquiring an additional 11,225 shares during the period. Boston Partners boosted its position in shares of Gladstone Capital by 3.5% during the 1st quarter. Boston Partners now owns 68,451 shares of the investment management company’s stock worth $617,000 after purchasing an additional 2,313 shares in the last quarter. Shulman DeMeo Asset Management LLC bought a new position in shares of Gladstone Capital during the 1st quarter worth about $619,000. Finally, Wambolt & Associates LLC bought a new position in shares of Gladstone Capital during the 1st quarter worth about $106,000. Institutional investors own 11.77% of the company’s stock.
GLAD has been the topic of several recent research reports. TheStreet raised shares of Gladstone Capital from a “c” rating to a “b” rating in a research report on Wednesday, July 3rd. Wedbush set a $10.00 price target on shares of Gladstone Capital and gave the company a “hold” rating in a report on Tuesday, May 14th. BidaskClub raised shares of Gladstone Capital from a “hold” rating to a “buy” rating in a research note on Saturday, August 3rd. National Securities reiterated a “sell” rating and set a $7.00 price target on shares of Gladstone Capital in a research report on Friday, May 3rd. Finally, Zacks Investment Research upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $9.33.
Gladstone Capital (NASDAQ:GLAD) last released its earnings results on Monday, August 5th. The investment management company reported $0.21 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.21. Gladstone Capital had a net margin of 9.41% and a return on equity of 10.20%. The firm had revenue of $12.89 million during the quarter, compared to analyst estimates of $12.42 million. As a group, analysts anticipate that Gladstone Capital Co. will post 0.84 EPS for the current year.
The firm also recently announced a dividend, which will be paid on Friday, August 30th. Shareholders of record on Tuesday, August 20th will be given a dividend of $0.07 per share. The ex-dividend date of this dividend is Monday, August 19th. Gladstone Capital’s dividend payout ratio (DPR) is 98.82%.
Gladstone Capital Profile
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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