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

Gladstone Capital (NASDAQ:GLAD) released its quarterly earnings results on Wednesday. The investment management company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.56 by ($0.31), Zacks reports. Gladstone Capital had a net margin of 73.15% and a return on equity of 11.24%. The business had revenue of $24.00 million during the quarter, compared to analyst estimates of $24.08 million. During the same quarter last year, the company posted $0.52 earnings per share.

Gladstone Capital Trading Up 0.9 %

GLAD opened at $21.43 on Friday. The stock has a market capitalization of $466.10 million, a price-to-earnings ratio of 7.76 and a beta of 1.23. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.27. Gladstone Capital has a twelve month low of $18.38 and a twelve month high of $22.56. The company has a 50-day simple moving average of $20.75 and a 200 day simple moving average of $20.67.

Gladstone Capital Announces Dividend

The business also recently declared 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 yield of 9.24%. The ex-dividend date of this dividend is Tuesday, June 18th. Gladstone Capital’s dividend payout ratio (DPR) is presently 71.74%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gladstone Capital from a “sell” rating to a “hold” rating in a research 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.