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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) 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.
Gladstone Capital Corporation (Nasdaq:GLAD) announced monthly cash distributions of $0.065 per share for January, February, and March 2022, totaling $0.195 for the quarter. The record dates are January 21, February 18, and March 23, with payment dates on January 31, February 28, and March 31, respectively. Additionally, Gladstone plans to release its earnings for the first fiscal quarter ended December 31, 2021, after the market closes on February 2, 2022, followed by a conference call on February 3.
Gladstone Capital Corporation (NASDAQ:GLAD) has completed a senior debt and minority equity investment to support the recapitalization of WorkforceQA, LLC, a leading tech-enabled Third-Party Administrator (TPA) specializing in compliance solutions for regulated industries. This investment is in partnership with Hamilton Robinson Capital Partners and WorkforceQA's management. The move aims to enhance WorkforceQA's capabilities in employee screening services, bolstering its growth trajectory within major sectors like trucking and logistics.
Gladstone Capital Corporation (Nasdaq: GLAD) announced a significant investment in WB Xcel Holdings, LLC, a renowned global surf brand. This investment involves a senior debt and minority equity stake, enhancing Xcel's balance sheet flexibility and fueling growth initiatives, including international expansion. Xcel's leadership expressed enthusiasm for the partnership, highlighting the flexible capital solution provided by Gladstone. Gladstone Capital focuses on investing in lower middle-market businesses, primarily through secured loans.
Gladstone Capital Corporation (NASDAQ:GLAD) reported its Q4 and fiscal year results for the period ending September 30, 2021. Total investment income increased by 5.1% to $14.4 million, with net investment income rising 3.6% to $6.8 million. The net asset value per share increased by 8.9% to $9.28. The company experienced significant net unrealized appreciation of $26 million, while total investments at fair value reached $557.6 million, up 10.1%. However, total repayments and net proceeds dropped significantly by 94.9%. A private placement of $50 million in notes was completed in November 2021.
Gladstone Capital Corporation (Nasdaq: GLAD) will host its Fourth Quarter Earnings Call on November 16, 2021, at 8:30 a.m. EST. This call will cover results for the quarter ending September 30, 2021. Investors can participate via webcast or phone by calling (866) 424-3437. A replay will be available until November 23, 2021. As a business development company, Gladstone Capital primarily invests in secured first and second lien term loans to lower middle market businesses in the U.S.
Gladstone Capital Corporation (NASDAQ:GLAD) announced its investment in Engineering Manufacturing Technologies, LLC (EMT Metals) through a senior debt and minority equity stake, aiding in the company's management buyout. Since 2013, EMT Metals has increased its revenue nearly six-fold under CEO Jim Kirkwood's leadership, focusing on quality and customer service. Gladstone's involvement is expected to enhance EMT's growth initiatives and profitability through internal expansion and potential acquisitions, leveraging its advanced manufacturing capabilities.
Gladstone Capital Corporation (Nasdaq:GLAD) announced monthly cash distributions of $0.065 per share for October, November, and December 2021, totaling $0.195 for the quarter. The record dates for these distributions are October 22, November 19, and December 23, with payment dates on October 29, November 30, and December 31, respectively. Additionally, GLAD plans to report earnings for the fiscal year ended September 30, 2021, after market close on November 15, 2021, followed by a conference call on November 16 at 8:30 a.m. EST.
