Gladstone Invt Corp Stock Price, News & Analysis

Gladstone Investment (GAIN) announced the retirement of Terry Lee Brubaker as Chief Operating Officer, effective December 2, 2024. Brubaker will also step down from his positions at Gladstone Management and Gladstone Administration, Michael LiCalsi, the Company's General Counsel and Secretary, will assume additional operational responsibilities while a national search for a Chief Investment Officer is conducted to handle Brubaker's investment committee duties.

Gladstone Investment (GAIN) reported financial results for Q2 2024. Total investment income increased 1.7% to $22.6 million, while net investment income decreased 41.3% to $7.3 million ($0.20 per share). The company recorded a significant realized gain of $42.3 million, primarily from the exit of Nth Degree Investment. Net asset value per share decreased to $12.49 from $13.01 in the previous quarter. The company declared distributions of $0.08 per share monthly and an additional special distribution of $0.70 per share paid in October 2024.

Gladstone Investment (NASDAQ:GAIN) has announced its Second Fiscal Quarter Ended September 30, 2024 Earnings Call & Webcast scheduled for Friday, November 8, 2024, at 8:30 a.m. ET. The event will be accessible via webcast at the provided link and by phone at (866) 424-3437. A conference call replay will be available for one hour after the call until November 15, 2024, by dialing (877) 660-6853 with playback conference number 13748840. The call will also be archived on www.gladstoneinvestment.com.

Gladstone Investment (Nasdaq:GAIN) has announced monthly cash distributions of $0.08 per share for common stockholders in October, November, and December 2024. The total distribution for the quarter amounts to $0.24 per share. The company offers a dividend reinvestment plan (DRIP) for its common stockholders.

Additionally, Gladstone Investment plans to report earnings for its second fiscal quarter ended September 30, 2024, after the stock market closes on Thursday, November 7, 2024. A conference call to discuss the earnings results is scheduled for Friday, November 8, 2024, at 8:30 a.m. Eastern Time. Investors can access the call by dialing (866) 424-3437, and a replay will be available until November 15, 2024, by dialing (877) 660-6853 with playback conference number 13748840.

Gladstone Investment (Nasdaq:GAIN) has announced an update to the payment date for its $0.70 supplemental distribution to common stockholders. Due to the October 14, 2024 federal holiday, the distribution will now be paid on Tuesday, October 15, 2024. The record date for this supplemental distribution remains October 4, 2024.

The company offers a dividend reinvestment plan (DRIP) to its common stockholders. Investors can find more information about the DRIP on the company's website at www.gladstoneinvestment.com.

Gladstone Investment (Nasdaq:GAIN) has announced a $0.70 supplemental distribution to common stockholders, payable on October 14, 2024, to shareholders of record on October 4, 2024. This distribution follows the company's successful exit from its investment in Nth Degree, Inc., which resulted in a realized gain of $42.3 million and the repayment of a $25.0 million debt investment at par in September 2024.

President David Dullum emphasized that this supplemental distribution demonstrates the strength of Gladstone's buyout strategy and its ability to reward shareholders with significant distributions from realized capital gains. The company's board of directors is scheduled to meet on October 8th to declare monthly distributions for the last quarter of 2024.

Gladstone Investment (Nasdaq:GAIN) has announced the sale of its portfolio company Nth Degree, Inc. to Shamrock Capital, resulting in a significant capital gain on its remaining equity position. Gladstone Investment initially acquired Nth Degree in 2015, sold a majority stake in 2019, and made additional investments in 2023. Nth Degree, based in Duluth, GA, is a leading provider of exhibit management and event services globally.

Mitchell Grant, Director of Gladstone Investment, expressed pride in supporting Nth Degree's growth. David Dullum, President of Gladstone Investment, highlighted that this marks the 31st exit from their management supported buy-outs since 2005, emphasizing their strategy of realizing gains on equity while generating strong current income from debt investments.

Gladstone Investment (Nasdaq: GAIN) has announced the election of Katharine Cornell Gorka to its Board of Directors, effective August 22, 2024. Gorka, 64, will serve in the 2027 class of Directors. She is the President of Threat Knowledge Group and chair of the Fairfax County Republican Party. Her background includes roles as a Senior Policy Advisor at the U.S. Department of Homeland Security, Press Secretary for U.S. Customs and Border Protection, and Director for Civil Society at The Heritage Foundation.

Gorka's expertise in national security threats, management, and strategic analysis is expected to add value to GAIN's Board by expanding its knowledge base and diversity of perspectives. She holds a degree from the University of North Carolina at Chapel Hill and an M.Sc. in Economics from the London School of Economics.

Gladstone Investment (Nasdaq:GAIN) reported financial results for its first fiscal quarter ended June 30, 2024. Key highlights include:

- Total investment income decreased 6.2% to $22.2 million
- Net investment income increased 133.2% to $12.4 million ($0.34 per share)
- Net assets decreased 3.1% to $477.4 million ($13.01 per share)
- Paid $0.24 per share in distributions to common stockholders
- Weighted-average yield on interest-bearing investments increased to 14.5%

The company experienced a net decrease in net assets resulting from operations of $6.5 million, primarily due to $18.9 million of net unrealized depreciation on investments. Total expenses decreased 46.7%, mainly due to lower capital gains-based incentive fees. The Board declared monthly distributions of $0.08 per share for July, August, and September 2024.