Welcome to our dedicated page for Gladstone Capital news (Ticker: GLAD), a resource for investors and traders seeking the latest updates and insights on Gladstone Capital stock.
Gladstone Capital Corporation (Nasdaq: GLAD) is a publicly traded business development company that focuses on investing in debt and equity securities. Primarily, the company specializes in secured first and second lien term loans to lower middle market businesses across the United States. Managed externally, Gladstone Capital aims to achieve consistent income and capital appreciation for its stockholders.
Established as part of the family of Gladstone Companies, Gladstone Capital operates alongside other entities like Gladstone Investment Corporation (Nasdaq: GAIN), Gladstone Commercial Corporation (Nasdaq: GOOD), and Gladstone Land Corporation (Nasdaq: LAND). Each of these companies focuses on different investment areas such as commercial real estate, farmland, and small to medium-sized enterprises.
Gladstone Capital typically targets investments ranging from $5 to $30 million in companies with over $3 million in EBITDA. The company’s investment portfolio spans various sectors, including light and specialty manufacturing, industrial products and services, business and government services, aerospace and defense, media and communications, consumer products and services, and healthcare services.
Recent Achievements and Financial Highlights:
- For the fiscal year ended September 30, 2023, Gladstone Capital reported a total investment income of $86.4 million, a significant increase from the previous year.
- The company has consistently grown its net investment income, achieving $41.0 million in 2023, up by 27.1% from the prior year.
- Recent earnings reports indicate stable financial health, with increases in both net asset value and shareholder distributions.
Current Projects and Partnerships:
- Gladstone Capital continues to bolster its portfolio, recently acting as the Administrative Agent and Lead Arranger on a $55 million senior secured credit facility for Café Zupas, a fast-casual restaurant chain.
- The company is focused on providing flexible financing solutions to businesses, ensuring robust support for growth and expansion initiatives.
The company remains committed to its investment strategy, maintaining a diversified portfolio aimed at generating stable earnings and cash flow. With a strong emphasis on maintaining transparent communication with stakeholders, Gladstone Capital regularly updates its financial performance and strategic initiatives.
Gladstone Capital Corporation (Nasdaq:GLAD) has announced an increase in monthly cash distributions, raising the amount from $0.075 to $0.08 per share for April, May, and June 2023. This represents a 6.7% increase in distribution rates. The distributions are scheduled as follows:
- April 21 (Record Date) - April 28 (Payment Date) - $0.08
- May 23 - May 31 - $0.08
- June 21 - June 30 - $0.08
The total distribution for the quarter amounts to $0.24. Additionally, the Company is set to report its earnings for the second fiscal quarter on May 2, 2023, followed by a conference call on May 3, 2023. Investors can participate in the call by dialing (866) 424-3437.
Gladstone Capital Corporation (Nasdaq:GLAD) reported a 21.0% increase in total investment income for Q1 FY2023, totaling $19.3 million, compared to the previous quarter. Net investment income rose 16.7% to $8.7 million or $0.25 per share, covering distributions paid of $0.21 by 119%. The company's debt-to-equity ratio improved to 97.2%, and it issued 1,079,806 shares at a weighted average price of $9.93, generating $10.5 million in net proceeds. However, total expenses increased 24.9% due to higher management fees and interest expenses.
Gladstone Capital Corporation (NASDAQ:GLAD) has announced its First Fiscal Quarter Earnings Call for the period ending December 31, 2022. The call is scheduled for February 7, 2023, at 8:30 a.m. ET, and will be accessible via webcast and phone. Investors can listen to the replay until February 14, 2023. Gladstone is focused on investing in debt and equity securities, primarily in secured loans to lower middle market businesses in the U.S. Further details can be found on their website.
Gladstone Capital Corporation (NASDAQ:GLAD) announced a 7.1% increase in monthly cash distributions, raising the amount from $0.07 to $0.075 per share for January, February, and March 2023. The total distribution for the quarter will be $0.225 per share. The Company also plans to report its earnings for the first fiscal quarter ended December 31, 2022, on February 6, 2023, followed by a conference call on February 7, 2023. Investors can find more details about the dividend reinvestment plan on their website.
Gladstone Capital Corporation (GLAD) reported significant financial results for Q4 and FY 2022, marking a year of growth. Total investment income increased by 15.6% quarter-over-quarter to $15.9 million, leading to a net investment income of $7.5 million or $0.22 per share, an 8.6% rise. However, unrealized depreciation resulted in a $2.3 million loss. Yearly totals show a 17.4% increase in total investment income, reaching $63.2 million, but net assets from operations fell 76.4%. The company anticipates sustained earnings momentum due to rising interest rates.
Gladstone Capital Corporation (NASDAQ:GLAD) will hold its Fourth Fiscal Quarter Earnings Call on November 15, 2022, at 8:30 a.m. ET. This call will cover the financial results for the quarter ending on September 30, 2022. Investors can join via webcast or by phone at (866) 424-3437. A replay will be available until November 22, 2022. Gladstone Capital focuses on investing in debt and equity securities, mainly through secured loans to lower middle-market businesses in the U.S.
Gladstone Capital Corporation (NASDAQ:GLAD) has elected Paula Novara to its Board of Directors for the 2024 class, effective October 11, 2022. Ms. Novara, age 53, has been with the Company since its inception, serving as Head of Resource Management, Human Resources, Facilities & Office Management, and IT. With a strong background in human resources and management, including roles at WMF Group and Prudential Financial, she holds an MA in Human Resources Management and is certified by the Society for Human Resource Management. Her appointment aims to enhance board diversity.
Gladstone Capital Corporation (Nasdaq:GLAD) announced increased monthly cash distributions of $0.07 per share for October, November, and December 2022. Total distributions for the quarter amount to $0.21 per share.
The company will report its fourth fiscal quarter earnings on November 14, 2022, with a conference call scheduled for November 15 to discuss results. Investors can expect a dividend reinvestment plan for common stockholders. Additional details can be found on their website.
Gladstone Capital Corporation (NASDAQ:GLAD) has successfully completed a debt investment to support Salt & Straw, a popular ice cream brand, through collaborations with Enlightened Hospitality Investments and KarpReilly. The investment aims to facilitate Salt & Straw's expansion across the U.S., enhancing its delivery and e-commerce operations. Founded in 2011, Salt & Straw is recognized for its unique flavors and community connection. The partnership is expected to bolster the company’s growth trajectory, as expressed by executives from both Gladstone and Salt & Straw.
Gladstone Capital Corporation (NASDAQ:GLAD) has partnered with private equity firm Burlington Capital Partners to acquire Sokol & Company, a leading wet-fill manufacturer in the U.S. food ingredients sector. Founded in 1895, Sokol offers a diverse range of products including sauces and nut butters, catering to a $30B annual market. The investment aims to enhance Sokol's growth through expanded manufacturing capabilities. Gladstone provided both debt financing and equity co-investment to support this management-led buyout, which preserves Sokol's legacy while driving innovation in response to market demands.
FAQ
What is the current stock price of Gladstone Capital (GLAD)?
What is the market cap of Gladstone Capital (GLAD)?
What is Gladstone Capital Corporation?
What sectors does Gladstone Capital invest in?
What are Gladstone Capital's main investment targets?
How did Gladstone Capital perform in the latest fiscal year?
What recent projects has Gladstone Capital undertaken?
How does Gladstone Capital support its portfolio companies?
What is the objective of Gladstone Capital’s investments?
Can I access Gladstone Capital’s financial reports?
How can investors stay updated on Gladstone Capital's performance?
What is the recent stock-related update from Gladstone Capital?
