Gladstone Investment Corporation - GAIN STOCK NEWS

Gladstone Investment Corporation (NASDAQ: GAIN) reported a net investment loss of $2.3 million for Q1 FY2021, contrasting with a profit of $3.1 million the previous quarter. Total investment income rose 7.9% to $18 million, driven by a $3.3 million increase in interest income. However, total expenses surged 49.9% to $20.3 million, largely due to a rise in capital gains-based incentive fees. The net asset value per share increased to $12.66, up 9.9% from March 31. The company declared a cash distribution of $0.20 per share, reflecting a 33.3% increase from the prior quarter.

Gladstone Investment Corporation (Nasdaq: GAIN) announced on July 23, 2021, its investment in Nocturne Villa Rentals for the acquisition of St. Barth Properties and St. Barth Dream Vacations. This acquisition marks Nocturne's second since its inception, following the acquisition of Exceptional Stays in June 2021. St. Barth Properties, founded in 1989, manages over 250 luxury vacation rentals in St. Barth, providing premier hospitality services. Gladstone aims to expand Nocturne's portfolio in the luxury vacation rental market.

Gladstone Investment Corporation (NASDAQ: GAIN) has announced its upcoming earnings call for the first fiscal quarter ending June 30, 2021. The event is scheduled for August 3, 2021, at 8:30 a.m. EDT and will be available via webcast and phone. Interested parties can access the live call and find replays on the company's website. Gladstone Investment specializes in secured debt and equity investments in lower middle market businesses within the United States.

Nocturne Luxury Villas has acquired St. Barth Properties, a leading villa rental manager in Saint Barthélemy, alongside its sister company, St. Barth Dream Vacations. This marks Nocturne's second investment in the luxury vacation rental sector, following its recent acquisition of Exceptional Stays. St. Barth Properties, established in 1989, offers over 250 luxury properties. CEO Scott Simmons expressed enthusiasm for the collaboration, highlighting the dedication to guest satisfaction. The acquisition aims to expand Nocturne's luxury rental platform, leveraging the strengths of both companies.

Gladstone Investment Corporation (NASDAQ:GAIN) has declared monthly cash distributions for the third quarter of 2021, with $0.07 per share for July, August, and September, plus an additional $0.03 supplemental distribution in September. The total cash distribution for common stockholders amounts to $0.24 for the quarter. Series E Term Preferred Stock will also receive distributions of $0.1328125 per share. The company plans to report its first fiscal quarter earnings on August 2, 2021, followed by a conference call on August 3, 2021.

Gladstone Investment Corporation (Nasdaq:GAIN) announced the sale of its portfolio company Head Country, Inc., resulting in a significant capital gain. Acquired in 2014, Head Country is known for its BBQ sauce and seasonings. The management team expressed pride in supporting Head Country's growth over seven years. Since its inception in 2005, Gladstone has exited over 20 management-supported buyouts, generating substantial net realized gains. The firm's strategy focuses on acquiring quality businesses and providing value to shareholders through stock appreciation and dividends.

Gladstone Investment Corporation (NASDAQ: GAIN) announced a partnership with Aureus Capital to form Nocturne Villa Rentals, Inc., focusing on luxury vacation rental management acquisitions.

The transaction included an acquisition of Exceptional Stays, LLC, boasting around 90 luxury properties in Telluride, Colorado. The executive management team, led by Scott Simmons and Marshall Calder, brings extensive hospitality experience. Gladstone Investment's equity and debt investments aim to foster growth and integrate future luxury rental acquisitions.

Gladstone Investment Corporation (NASDAQ:GAIN) reported earnings for Q4 and fiscal year ending March 31, 2021. Total investment income dropped 8.6% year-over-year to $56.6 million, while net investment income fell 50.7% to $17.9 million. The company faced a 22% increase in total expenses, leading to a significant decline in net income per common share from $1.11 to $0.54. Despite challenges, net asset value rose 3.1% to $11.52 per share. The company also increased its cash distribution per common share from net investment income by 10.7% year-over-year.

Gladstone Investment Corporation (NASDAQ: GAIN) is set to host its Fourth Quarter Earnings Call on May 12, 2021, at 8:30 a.m. EDT. Investors can join via webcast or by calling (866) 373-3416. The call will be archived for replay until May 19, 2021. Gladstone Investment focuses on securing debt and equity investments in lower middle market businesses in the U.S., specifically targeting acquisitions and recapitalizations.