Gladstone Investment Corporation - GAIN STOCK NEWS

Gladstone Investment Corporation (NASDAQ:GAIN) reported its Q3 2021 earnings on February 8, 2022. Total investment income decreased by 9.7% to $16.7 million, while total expenses dropped significantly by 49% to $8.3 million. Net investment income surged 287.9% to $8.4 million, or $0.25 per share. The company experienced a net realized gain of $22 million but reported a net unrealized depreciation of $20.1 million. Cash distributions per common share increased by 43.8% to $0.23. As of December 31, 2021, net assets were $440.6 million, with net asset value per common share unchanged at $13.27.

Gladstone Investment Corporation (NASDAQ:GAIN) will host its Third Fiscal Quarter Earnings Call on February 9, 2022, at 8:30 a.m. EST. The call will provide insights into the financial performance for the quarter ended December 31, 2021. Investors can join via webcast or by phone at (866) 373-3416. A replay of the conference call will be available one hour after the event until February 16, 2022. Gladstone primarily invests in secured debt and equity in lower middle market businesses across the U.S.

Gladstone Investment Corporation (Nasdaq: GAIN) has announced monthly cash distributions for common stockholders totaling $0.345 per share for the first quarter of 2022. This includes a supplemental distribution of $0.12 per share due in February. The record and payment dates for these distributions have been specified, with distributions of $0.075 per share scheduled for January, February, and March. Additionally, the Company plans to release its third fiscal quarter earnings on February 8, 2022, with a conference call on February 9, 2022.

Gladstone Investment Corporation (Nasdaq: GAIN) reported its Q2 earnings for the period ending September 30, 2021, highlighting a total investment income of $18.5 million, up 2.8% from the previous quarter. Net investment income reached $2.2 million, a notable recovery from a loss of $2.3 million in Q1. The company declared cash distributions of $0.16 per share, down 20% from the prior quarter. Notably, the net asset value per share increased to $13.27, a 4.8% rise from Q1. Significant investments included $24.3 million in a new portfolio company and $6.2 million in existing ones.

Gladstone Investment Corporation (NASDAQ:GAIN) will host its Second Fiscal Quarter Earnings Call on November 3, 2021, at 8:30 a.m. EDT. This call will detail the financial performance for the quarter ending September 30, 2021. Investors can access the call via webcast or by phone at (866) 373-3416. A replay will be available one hour post-call until November 10, 2021, at (877) 660-6853. The event aims to provide insights into the company's secured debt and equity investments in lower middle market businesses.

Gladstone Investment Corporation (Nasdaq: GAIN) announced an increase in monthly cash distributions from $0.07 to $0.075 per share, effective for October, November, and December 2021, reflecting a 7% increase. Additionally, a supplemental distribution of $0.09 per share is scheduled for December 2021. The total cash distribution for the quarter is projected at $0.315. Furthermore, the company plans to report its second fiscal quarter earnings on November 2, 2021, followed by a conference call on November 3, 2021.

Gladstone Investment Corporation (Nasdaq: GAIN) announced the acquisition of Utah Pacific Bridge & Steel, LLC and Mountain Pacific Transport, LLC on July 30, 2021. This strategic move aims to enhance its market presence in the western U.S. by leveraging Utah Pacific's leadership in large steel components for bridge construction. The transaction involved both equity and senior secured debt financing. Gladstone expressed confidence in Utah Pacific’s growth potential and commitment to quality service.

Gladstone Investment Corporation (Nasdaq: GAIN) announced a public offering of $117 million in 4.875% Notes due 2028. The notes will mature on November 1, 2028, and interest will be paid quarterly starting November 1, 2021. The Company plans to use the proceeds to redeem its outstanding 6.375% Series E Preferred Stock, repay revolving credit, fund new investments, and for general corporate purposes. The offering includes a 30-day option for underwriters to purchase an additional $17.6 million of notes. Listing is expected on the Nasdaq Global Select Market under the symbol GAINZ.

Gladstone Investment Corporation (NASDAQ: GAIN) announced plans to redeem all outstanding shares of its 6.375% Series E Cumulative Term Preferred Stock due 2025. This redemption is contingent upon the successful completion of their public offering of unsecured notes. The anticipated redemption date is August 19, 2021, at a redemption price of $25.079687500 per share. A notice of redemption will be sent to registered holders, and the proceeds from the note offering will be used to fund this redemption.