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) reported its second fiscal quarter earnings for the period ended March 31, 2021, showcasing total investment income of $12.9 million, a slight increase from the previous quarter. The net investment income was $6.4 million, or $0.195 per share, an increase of 1.9%. The company experienced a net increase in assets of $21.3 million, driven by $16.0 million in net appreciation. The net asset value per common share rose to $8.11, up 6.6% from December 31, 2020. The company maintains a conservative debt-to-equity ratio of 86.1% and reported significant liquidity with over $140 million available.
Gladstone Capital Corporation (Nasdaq:GLAD) will host its Second Fiscal Quarter earnings call on May 5, 2021, at 8:30 a.m. EDT. The call will be accessible via webcast and phone, with a replay available until May 12, 2021. As a business development company, Gladstone Capital focuses on investing in secured loans for lower middle-market businesses in the U.S. For more information, visit www.gladstonecapital.com.
Gladstone Capital Corporation (NASDAQ:GLAD) has appointed James Mazza as a Director in Los Angeles, tasked with managing debt and co-equity investments and leading West Coast operations. Mazza brings over a dozen years of experience from Levine Leichtman Capital Partners and GE Capital, enhancing the company's investment capabilities in the lower middle market. His background includes responsibilities in originating and managing leveraged loans, aligning with Gladstone's investment strategy.
Gladstone Capital Corporation (NASDAQ:GLAD) declared monthly cash distributions of $0.065 per share for April, May, and June 2021, totaling $0.195 for the quarter. The record dates are April 23, May 19, and June 18, with payment dates on April 30, May 28, and June 30, respectively. Additionally, the company plans to report its earnings for the second fiscal quarter on May 4, 2021, after market close, and will hold a conference call on May 5, 2021, at 8:30 a.m. EDT to discuss the results.
Gladstone Capital Corporation (NASDAQ:GLAD) announced a public offering of an additional $50 million in 5.125% notes due 2026, priced at 103.639% of principal, yielding approximately 4.288%. The offering increases the total notes to $150 million. Interest will be paid semi-annually, starting July 31, 2021. Proceeds will be utilized for credit facility repayment, new investments, and general corporate purposes. The offering is subject to customary closing conditions and expected to close on March 10, 2021.
Gladstone Capital Corporation (NASDAQ:GLAD) has announced monthly cash distributions of $0.065 per share for January, February, and March 2021. The distributions will be payable on January 29, February 26, and March 31, with a total of $0.195 for the quarter. Additionally, the company plans to report its earnings for the first fiscal quarter on February 3, 2021, followed by a conference call on February 4 at 8:30 a.m. EST. Investors can access the live broadcast and replay through the company's website.
Gladstone Capital Corporation has announced a public offering of $100 million in 5.125% Notes due January 31, 2026. These notes will yield interest paid semi-annually, starting July 31, 2021. Proceeds will be used to redeem existing 6.125% Notes due 2023, reduce credit facility debt, fund new investments, and for general corporate purposes. The transaction is subject to closing conditions, with delivery expected by December 15, 2020. Investors are encouraged to review the prospectus for details and risks associated with this offering.
Gladstone Capital Corporation (Nasdaq:GLAD) reported its fourth quarter and fiscal year earnings for the period ending September 30, 2020. The Company achieved total investment income of $12.6 million, up 7.2% from the previous quarter. Net investment income remained steady at $6.1 million, or $0.195 per share. Total expenses increased by 14.5% quarter-over-quarter. The net increase in net assets from operations was $10.2 million, a decline of 31.5% from the prior quarter. The net asset value per share increased by 1.8% to $7.40. For the fiscal year, net loss was $1.9 million compared to a gain of $19.9 million last year.
Gladstone Capital Corporation (Nasdaq: GLAD) will hold its Fourth Quarter earnings call on November 11, 2020, at 8:30 a.m. EST. Investors can join via webcast or phone. A replay will be available one hour post-call until November 18, 2020. As a business development company, Gladstone primarily invests in secured loans targeting lower middle-market businesses in the U.S. For further details, visit www.gladstonecapital.com.
Gladstone Capital Corporation (NASDAQ:GLAD) announced the appointment of Mike McQuigg as Executive Vice President and Senior Managing Director. McQuigg has been with the company since April 2015, playing a key role in managing lower middle market debt investments. Prior to his tenure at Gladstone, he held significant positions at Deerpath Capital and H.I.G. Capital. His leadership is expected to enhance the company's asset growth and profitability, as noted by Chairman David Gladstone and President Bob Marcotte.
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?
