Hilliard Lyons Upgrades Gladstone Capital (GLAD) to Neutral

Hilliard Lyons upgraded Gladstone Capital (NASDAQ: GLAD) from Underperform to Neutral with a price target of $9.25 (from $8.50).

Analyst Andrew Stapp tells clients after hours on Thursday that his PT raises is "...blended values derived through the application of GLAD’s historical multiple of approximately 105% to our forward NAV estimate of $8.33 and the stock’s annual dividend of $0.84 discounted at the median dividend yield of 8.8% for small-cap BDCs".

He keeps FY 2017 EPS estimate at $0.84 and keeps FY 2018 EPS estimate at $0.84

For an analyst ratings summary and ratings history on Gladstone Capital click here. For more ratings news on Gladstone Capital click here.

Shares of Gladstone Capital closed at $9.77 yesterday.

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