Gladstone Capital: Oppenheimer Maintains Perform, Raises PT to $26 from $24

Gladstone Capital: Oppenheimer Maintains Perform, Raises PT to $26 from $24

Oppenheimer & Co. has maintained its "outperform" rating on Gladstone Capital (GLAD) while increasing its price target from $24 to $26. The analyst firm's latest report underscores the company's strong balance sheet and robust deal pipeline, noting that originations are expected to be in the $50 million to $100 million range in the upcoming quarter [2].

Gladstone Capital reported a net investment income of $11.3 million for the period ending June 30, 2025, with total assets rising to $780 million. The company's net realized losses for the quarter were $3.6 million, primarily due to the post-restructuring valuation of an investment in EGs. The company's leverage as of June 30 was 64% of net assets, rising to 81% of NAV after funding net originations of $89 million [2].

The analyst firm expects Gladstone Capital's portfolio growth to resurge in the coming quarters, driven by a healthy flow of attractive lower middle-market deal opportunities. The company has closed several new platform investments and add-ons since the end of the quarter, bringing July and early August originations to $93 million [2].

Oppenheimer's revised price target reflects the company's strong fundamentals and robust deal pipeline. The analyst firm expects Gladstone Capital to continue delivering strong financial results and growth in the coming quarters.

References:
[1] https://www.marketbeat.com/instant-alerts/gladstone-land-land-projected-to-post-quarterly-earnings-on-thursday-2025-07-31/
[2] https://seekingalpha.com/news/4478772-gladstone-capital-outlines-50m-100m-quarterly-originations-target-while-leveraging-expanded