Recent extremely meaningful positive changes in investment behavior have benefitted Gladstone Capital Corp (NASDAQ: GLAD): positive upside/downside volume developed, and the stock’s recent price rise disrupted its longer term downtrend.
Gladstone Capital Corp (NASDAQ: GLAD) has recently enjoyed notable positive changes in fundamentals: significant quarterly earnings acceleration occurred, and significant quarterly sales acceleration occurred.
In light of these very positive signals we are reviewing our current Overall Rating of B. We would continue to view the shares with optimism pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, GLAD is expected to continue to be a Value Builder.
Gladstone Capital has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Gladstone Capital has a slightly positive Appreciation Score of 63 and a good Power Rating of 76, triggering the Positive Value Trend Rating.
Recent Price Action
On 1/3/24, Gladstone Capital Corp (NASDAQ: GLAD) stock declined slightly by -0.4%, closing at $10.74. However, this decline was accompanied by below average trading volume at 82% of normal. Relative to the market the stock has been strong over the last nine months and has risen 1.9% during the last week.
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