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 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.
Gladstone Capital Corporation (Nasdaq:GLAD) announced an increase in monthly cash distributions for the months of April, May, and June 2022. Shareholders will receive $0.0675 per share each month, totaling $0.2025 for the quarter. Record and payment dates are provided for each month. Additionally, the company plans to report its earnings for the second fiscal quarter, which ended on March 31, 2022, after market close on May 3, 2022, followed by a conference call on May 4, 2022.
Gladstone Capital Corporation (GLAD) reported its first fiscal quarter earnings for the period ending December 31, 2021. Total investment income increased to $16.2 million, up from $14.4 million in the previous quarter, driven by a $1.6 million rise in success fees. Net investment income surged 33.9% to $9.2 million, or $0.27 per share, surpassing dividends of $0.195 paid during the quarter. The Net Asset Value (NAV) rose to $323.9 million, or $9.44 per share, representing a 1.7% increase.
Gladstone Capital Corporation (NASDAQ:GLAD) announced an earnings call for its first fiscal quarter ending December 31, 2021, scheduled for February 3, 2022, at 8:30 a.m. EST. Investors can join via webcast or by calling (866) 424-3437. A conference call replay will be available through February 10, 2022. The company, a publicly traded business development firm, primarily invests in secured loans to lower middle market businesses in the U.S. For more information, visit www.gladstonecapital.com.
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