Gladstone Capital Corp. (NASDAQ: GLAD ) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued on Tuesday, ARN reports. They currently have a $7.90 target price on the stock. Zacks‘ target price indicates a potential downside of 4.82% from the stock’s previous close.
Gladstone Capital Corp. (NASDAQ: GLAD) traded down 1.08% on Tuesday, hitting $8.21. Gladstone Capital Corp. has a 1-year low of $7.25 and a 1-year high of $9.46. The stock’s 50-day moving average is currently $9.19. The company has a market cap of $172.4 million and a price-to-earnings ratio of 360.87.
Separately, analysts at Hilliard Lyons downgraded shares of Gladstone Capital Corp. from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, May 2nd.
Gladstone Capital Corporation operates as a closed-end, non-diversified management investment company the Company focuses to achieve a high level of current income by investing in debt securities, consisting of senior notes, senior subordinated notes and junior subordinated notes, of private businesses that are substantially owned by leveraged buyout funds, individual investors or are family-owned businesses, with a focus on senior notes.
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