Gladstone Capital (NASDAQ:GLAD) Announces Earnings Results, Misses Expectations By $0.31 EPS

Gladstone Capital (NASDAQ:GLAD) issued its earnings results on Wednesday. The investment management company reported $0.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.31), Zacks reports. The firm had revenue of $24.00 million during the quarter, compared to analyst estimates of $24.08 million. Gladstone Capital had a return on equity of 11.59% and a net margin of 63.05%. During the same period in the previous year, the company earned $0.52 EPS.

Gladstone Capital Trading Down 2.4 %

NASDAQ:GLAD traded down $0.53 on Thursday, reaching $21.24. 269,754 shares of the stock traded hands, compared to its average volume of 147,808. The company has a current ratio of 0.05, a quick ratio of 0.05 and a debt-to-equity ratio of 0.20. Gladstone Capital has a 1-year low of $18.38 and a 1-year high of $22.56. The company’s 50 day moving average is $20.71 and its 200-day moving average is $20.65. The firm has a market capitalization of $461.97 million, a price-to-earnings ratio of 7.38 and a beta of 1.23.

Gladstone Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, June 19th will be paid a $0.165 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio is currently 68.75%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Gladstone Capital from a “sell” rating to a “hold” rating in a report on Tuesday.

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.