Gladstone Capital Corporation (GLAD) Stock Price & Analysis
Gladstone Capital Corporation (GLAD) is trading at USD 18.25, down 1.08% today, as of October 23, 2026 at 16:37 UTC (US market open; quotes may be delayed), according to Nexqual market data.
GLAD last closed at USD 18.45; today's session has ranged USD 18.16–18.48 on volume of 45,813 shares. Market capitalization is $412.32M, with a 52-week range of USD 16.54–21.73 (NMS). Source: Nexqual, retrieved October 23, 2026 at 16:39 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GLAD.md
Key facts (GLAD)
- Valuation: P/E 8.6x (avg 7.5x at the last 3 fiscal year-ends).
- Analysts: Buy (mean 2.40 on a 1–5 scale) (5 analysts), mean target USD 22 (range 22–22).
- Total return with dividends: 1Y +2.6% vs S&P 500 +14.6%; 5Y +21.6% vs S&P 500 +77.3%.
- Next earnings: 2026-11-17, EPS estimate USD 0.48, revenue estimate $25.7M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GLAD)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Net income | $84.3M | $19.9M | $42.7M | $94.5M | $57.2M | $48.2M |
| EPS (diluted) | $1.58 | $1.88 | $2.20 | $2.11 | — | — |
| Cash + short-term investments | $846K | $2.0M | $1.3M | $2.2M | $32.4M | — |
Fiscal years end Sep. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GLAD)
P/E 8.6x · P/B 0.8x · Earnings yield 11.68% · Dividend yield (paid, TTM) 10.64%
P/E at fiscal year-ends: Sep 2025 8.7x, Sep 2024 5.5x, Sep 2023 8.4x.
Analysts (GLAD)
Consensus Buy (mean 2.40 on a 1–5 scale), 5 analysts; mean target USD 22 (low 22, high 22).
Total return (dividends reinvested) (GLAD)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | +2.6% | +21.6% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | +2.6% | +4.0% |
| Volatility (annualized) | 23.7% | 22.4% |
| Max drawdown | -20.4% (Dec 2025→Mar 2026) | -39.3% (Jan 2025→Mar 2026) |
GLAD suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Gladstone Securities | “As a result, we rely on our officers, the Adviser and its employees, Gladstone Securities and certain consultants to perform due diligence investigations of these portfolio companies, their operations, and their prospects.” |
| Partner | Jefferies | “In August 2024, we entered into an equity distribution agreement with Jefferies LLC and Huntington Securities, Inc, (the "2024 Sales Agreement") under which we have the ability to issue and sell, from time to time, shares of our common stock with an aggregate offering price of up to $150.0 million in an "at the market offering" (the "2024 ATM Program").” |
Quoted from the company's 10-K filed Nov 17, 2025.
GLAD analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.48 | $0.48 | -1.2% | $25.7M | 5 |
| Next quarter (ends Dec 2026) | $0.48 | $0.50 | -2.4% | $27.0M | 5 |
| Current fiscal year (ends Sep 2026) | $1.97 | $1.92 | +2.6% | $100.7M | 5 |
| Next fiscal year (ends Sep 2027) | $1.98 | $1.98 | -0.2% | $110.2M | 5 |
GLAD options: expected move
Options price a move of about ±9.7% (±$1.80) by Dec 18, 2026, which includes earnings on Nov 17, 2026. Over the last 8 reports the stock moved ±1.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 15.8% | ±9.7% |
| Mar 19, 2027 | 147 | 23.3% | ±15.2% |
30-day implied volatility 22% vs 18.4% realized over the last 30 trading days. Put/call ratio (volume) 0. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 16:39 UTC)
| Price | USD 18.25 |
|---|---|
| Change | ▼ 1.08% (down) |
| Previous Close | USD 18.45 |
| Open | USD 18.48 |
| Day Range | USD 18.16 – 18.48 |
| 52-Week Range | USD 16.54 – 21.73 |
| Volume | 45,813 shares |
| Market Cap | $412.32M |
| Exchange | NMS |
Technical Analysis (GLAD)
Nexqual's technical model rates GLAD "SELL" based on 1 bullish and 5 bearish signals across 128 daily candles, as of October 23, 2026 at 16:39 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 35.23 (neutral) |
| vs SMA50 | Below (USD 19.35) |
| MACD | -0.25 (negative) |
Analyst Ratings (GLAD)
Wall Street analysts rate GLAD "Buy" based on 5 analysts, with a mean price target of USD 22 (range USD 22–22), per Nexqual as of October 23, 2026 at 16:39 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 5 |
| Mean Target | USD 22 |
| High Target | USD 22 |
| Low Target | USD 22 |
| Buy / Hold / Sell | 3 / 2 / 0 |
Earnings (GLAD)
| Next Earnings Date | 2026-11-17 |
|---|---|
| EPS Estimate | USD 0.48 |
| Revenue Estimate | $25.72M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.49 vs est 0.47 ▲ beat |
| 2026-03-31 | USD 0.52 vs est 0.48 ▲ beat |
| 2025-12-31 | USD 0.5 vs est 0.48 ▲ beat |
| 2025-09-30 | USD 0.52 vs est 0.5 ▲ beat |
Source: Nexqual, October 23, 2026 at 16:39 UTC.
Financials & Fundamentals (GLAD)
| Total Revenue | $98.93M |
|---|---|
| Revenue Growth (latest quarter, YoY) | +13.10% |
| Gross Margin | +100.00% |
| Operating Margin | +74.34% |
| Profit Margin | +48.67% |
| ROE | +9.45% |
| Debt / Equity | 0.81 |
| Current Ratio | 1.57 |
| Total Cash | $2.35M |
| Total Debt | $429.88M |
Source: Nexqual, October 23, 2026 at 16:39 UTC.
Financial Health Score (GLAD)
Nexqual rates Gladstone Capital Corporation's overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:39 UTC.
| Growth | Weak — Revenue -8% YoY (annual), declining |
|---|---|
| Profitability | Strong — Operating margin 74% |
| Balance Sheet | Mixed — $2M cash vs $430M debt |
| Cash Flow | Weak — Operating cash flow -$5M (FY ended Sep 2025, 10-K) |
| Efficiency | Mixed — ROE 9%, ROA 5.2% |
Ownership (GLAD)
| Insider Ownership | +0.15% |
|---|---|
| Institutional Ownership | +13.89% |
| Shares Outstanding | 22.59M |
| Short % of Float | +4.77% |
Source: Nexqual, October 23, 2026 at 16:39 UTC.
Leadership (GLAD)
Gladstone Capital Corporation is led by Robert L. Marcotte, Chief Executive Officer, per Nexqual as of October 23, 2026 at 16:39 UTC.
| Chief Executive Officer | Robert L. Marcotte |
|---|---|
| Founder & Chairman | David John Gladstone |
| President | Michael McQuigg |
| CFO & Treasurer | Nicole Schaltenbrand |
| Head of Resource Management & Director | Paula Novara |
Major Backers & Investors (GLAD)
Notable institutional backers of Gladstone Capital Corporation include Van Eck Associates Corporation, VanEck ETF Trust-VanEck BDC Income ETF, UBS Group AG, according to Nexqual as of October 23, 2026 at 16:39 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Van Eck Associates Corporation | 2.02% |
| VanEck ETF Trust-VanEck BDC Income ETF | 1.79% |
| UBS Group AG | 1.27% |
| B. Riley Wealth Advisors, Inc. | 1% |
| Two Sigma Investments, LP | 0.72% |
| LPL Financial LLC | 0.54% |
| Morgan Stanley | 0.48% |
| North Ground Capital | 0.47% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Legal & General Group PLC | 0.81% |
Source: Nexqual, October 23, 2026 at 16:39 UTC.
From Gladstone Capital Corporation's Latest SEC 10-K Filing (filed 2025-11-17)
Key Strengths & Strategy (as disclosed to the SEC)
- We believe that the Adviser's investment professionals have developed a broad network of contacts within the investment, commercial banking, private equity and investment management communities, and that their reputation, experience and focus on investing in lower middle market companies enables us to source and identify well-positioned prospective portfolio companies that provide attractive investment opportunities.
Partnerships
- To achieve our objectives, our primary investment strategy is to invest in several categories of debt and equity securities, with each investment generally ranging from $8 million to $40 million, although investment size may vary, depending upon our total assets or available capital at the time of investment.
- In July 2012, the SEC granted us an exemptive order (the "Co-Investment Order") that expanded our ability to co-invest, under certain circumstances, with certain of our affiliates, including Gladstone Investment, Gladstone Alternative and any future BDC or registered closed-end management investment company that is advised (or sub-advised if it controls the fund) by the Adviser, or any combination of the foregoing, subject to the conditions in the Co-Investment Order.
Legal & Regulatory Risks (Item 1A, quoted)
- We believe that most of the investments that we may acquire in the future will constitute qualifying assets.
- We are subject to restrictions that may discourage a change of control. Certain provisions contained in our articles of incorporation and Maryland law may prohibit or restrict a change of control and adversely impact the price of our common stock.
- We may not be permitted to declare a dividend or make any distribution to stockholders or repurchase shares until such time as we satisfy the asset coverage tests under the provisions of the 1940 Act that apply to BDCs.
- Regulations governing our operation as a BDC and RIC will affect our ability to raise, and the way in which we raise, additional capital or borrow for investment purposes, which may have a negative effect on our growth.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| BXSL | Blackstone Secured Lending Fund | USD 23.54 | ▼ 1.55% |
| VCTR | Victory Capital Holdings, Inc. | USD 107.21 | ▼ 0.17% |
| PDI | PIMCO Dynamic Income Fund | USD 14.32 | ▲ 0.14% |
| AMG | Affiliated Managers Group, Inc. | USD 389.68 | ▼ 1.48% |
| SEIC | SEI Investments Company | USD 103.31 | ▼ 1.14% |
| IVZ | Invesco Ltd | USD 28.52 | ▼ 0.96% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:39 UTC. This page is informational and not investment advice.
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