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) provides investors with comprehensive news coverage of this business development company specializing in secured debt and equity investments. This centralized resource aggregates official press releases, financial updates, and strategic developments for lower middle market financing activities.
Access timely updates on GLAD's portfolio management, earnings announcements, and capital deployment strategies. Users will find detailed reporting on secured lending activities, equity co-investments, and operational milestones across key sectors including industrial manufacturing and healthcare services.
The news collection features essential updates such as quarterly earnings disclosures, dividend declarations, portfolio company acquisitions, and regulatory filings. Additional coverage includes analysis of strategic initiatives like reverse stock splits and balance sheet optimization measures that impact shareholder value.
Bookmark this page for direct access to GLAD's latest financial communications and market-moving developments. Regular updates ensure stakeholders maintain informed perspectives on the company's performance in business development financing and risk-managed investment strategies.
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.
Gladstone Capital Corporation (Nasdaq:GLAD) reported its earnings for the third fiscal quarter ending June 30, 2022, showcasing total investment income of $13.8 million, a 20.1% decline from the previous quarter. Net investment income also dropped 20.1% to $6.9 million. Cash distribution per share remained stable at $0.2025, with net realized losses at $8.1 million. The company's net asset value decreased to $312.9 million, translating to $9.12 per share, primarily due to market adjustments. Total investments reached a new high of $586.5 million.
Gladstone Capital Corporation (NASDAQ:GLAD) has scheduled its Third Fiscal Quarter Earnings Call for July 28, 2022, at 8:30 a.m. EDT. The call will be available via webcast, with a replay accessible through August 4, 2022. Gladstone Capital is a business development company that focuses on investing in debt and equity securities, primarily through secured loans to lower middle market businesses in the U.S. For more details, visit www.gladstonecapital.com.
Gladstone Capital Corporation (Nasdaq:GLAD) announces a partnership with Bennett Capital Partners and Viva Railings through a senior debt investment and growth capital infusion. This investment aims to bolster Viva Railings' expansion and new initiatives in the architectural railing market. Viva Railings has established itself as a leader in modular stainless-steel railings, with a reputation for innovation and reliability. This move is designed to facilitate continued growth and enhance operational capabilities.
Gladstone Capital Corporation (NASDAQ:GLAD) announced cash distributions of $0.0675 per share for July, August, and September 2022, totaling $0.2025 for the quarter. The record and payment dates are outlined for each month. Additionally, the company plans to report its earnings for the third fiscal quarter ended June 30, 2022, on July 27, 2022, followed by a conference call on July 28, 2022, at 8:30 a.m. EDT. Investors can access the call online and via phone. For more details, the company offers a dividend reinvestment plan (DRIP).
Gladstone Capital Corporation (NASDAQ:GLAD) reported its earnings for Q2 2022, ending March 31. Total investment income increased to $17.3 million from $16.2 million the prior quarter, a 6.8% rise. However, net investment income fell by 5.1% to $8.7 million, or $0.25 per share, covering dividends by 130%. The company’s total assets decreased to $537.7 million, down 6.7% from the previous quarter. Despite a 22.2% rise in total expenses, net assets rose by $8.3 million for the quarter. The debt-to-equity ratio remains a manageable 68.5%.
Gladstone Capital Corporation (NASDAQ:GLAD) will conduct its Second Fiscal Quarter Earnings Call on May 4, 2022, at 8:30 a.m. EST. Investors can join the conference via webcast or by calling (866) 424-3437. A replay will be available until May 11, 2022, by dialing (877) 660-6853 with conference number 13727660. Gladstone Capital focuses on investing in lower middle market businesses in the U.S. through debt and equity securities.
