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 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.
Gladstone Capital Corporation (NASDAQ:GLAD) announced plans to redeem all outstanding 5.375% Notes due 2024 on November 1, 2021. The redemption price is 100% of the $38,812,500 principal amount, plus accrued interest. Registered holders will receive a notice of redemption via U.S. Bank National Association. Following the redemption, the notes will be delisted from the Nasdaq Global Select Market. Forward-looking statements indicate potential uncertainties surrounding the completion of this transaction.
Gladstone Capital Corporation (Nasdaq:GLAD) reported its third fiscal quarter earnings for the period ending June 30, 2021. Total investment income increased to $13.7 million, up from $12.9 million in the prior quarter, driven by higher interest income. Net investment income rose by 3.2% to $6.6 million, or $0.195 per share. The net increase in net assets was $17.9 million with a net asset value per share of $8.52. The company maintains strong liquidity with over $130 million available under its credit facility.
Gladstone Capital Corporation (Nasdaq:GLAD) is set to hold its Third Fiscal Quarter Earnings Call on August 4, 2021, at 8:30 a.m. EDT. Investors can join the webcast through the provided link or by calling (866) 424-3437. A replay will be available until August 11, 2021. Gladstone Capital focuses on investing in debt and equity securities, primarily targeting lower middle market businesses in the U.S. Detailed information about the company’s activities is accessible on their website.
Gladstone Capital Corporation (NASDAQ:GLAD) declared monthly cash distributions of $0.065 per share for July, August, and September 2021, totaling $0.195 for the quarter. The record and payment dates are set for July 23 (payment on July 30), August 23 (payment on August 31), and September 22 (payment on September 30). Additionally, the company plans to report its earnings for the third fiscal quarter ended June 30, 2021, after market close on August 3, 2021, followed by a conference call on August 4 at 8:30 a.m. EDT.
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