Gladstone Investment

Gladstone Investment Corp. is a closed-end, non-diversified management investment company. Its investment objective is to achieve and grow current income by investing in debt securities of established businesses that will provide stable earnings and cash flow to pay expenses; and seek long-term capital appreciation by investing in equity securities. The company was founded by David John Gladstone in 2005 and is headquartered in McLean, VA.

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

Earnings data Q3 2025

Gladstone Investment posts strong Q4 results amidst market uncertainties

Gladstone Investment demonstrated financial strength and operational resilience in Q4 2024, supported by solid NII, portfolio growth, and consistent distributions.
While facing challenges related to market uncertainties and underperforming investments, the company's strategic focus on value creation and financial discipline remains intact.
Opportunities lie in optimizing investment strategies, managing risks effectively, and capitalizing on emerging market trends to drive sustainable growth and shareholder value.

Gladstone Investment reports strong Q2 results amidst leadership changes

Gladstone Investment delivered positive financial results and maintained shareholder-friendly practices with consistent distributions.
While facing challenges such as NAV decline and leadership transitions, the company remains focused on creating value for investors.
Opportunities lie in strategic leadership changes, market growth potential, and optimizing investment strategies for future success.
Addressing analyst inquiries and adapting to external factors will be crucial for navigating uncertainties and sustaining performance.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

MCLEAN, VA / ACCESSSWIRE / November 1, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its second fiscal quarter ended September 30, 2023. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.

Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2023

MCLEAN, VA / ACCESSWIRE / October 25, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") continued its support of portfolio company Specialized Fabrication Equipment Group LLC ("SFEG") with additional debt and equity capital to support its acquisition of CPMT Holdings Corp., and subsidiaries, including Climax Portable Machine Tools, Inc. (collectively, "Climax"). Headquartered in Newberg, Oregon, Climax is a leading designer and manufacturer of portable machine tools, welding systems, and valve testing and repair systems.

Gladstone Investment Corporation Supports Portfolio Company SFEG in its Acquisition of Climax Portable Machine Tools, Inc.

Gladstone Investment (GAIN) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Gladstone Investment (GAIN) Surges 5.4%: Is This an Indication of Further Gains?

MCLEAN, VA / ACCESSWIRE / October 24, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders in December 2023. Common Stock: A supplemental distribution of $0.88 per share of common stock in December 2023 payable per the table below.

Gladstone Investment Announces Additional $0.88 Supplemental Distribution to Common Stockholders

MCLEAN, VA / ACCESSWIRE / October 23, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Counsel Press Holdings Inc. ("Counsel Press") to Align Capital Partners. As a result of this transaction, Gladstone Investment realized a meaningful capital gain on its equity investment.

Gladstone Investment Corporation Exits its Investment in Counsel Press Holdings Inc.

Agree Realty

A. O. Smith

Apogee Enterprises

Axis Capital

Caterpillar

Colgate-Palmolive

Camden Property

Quest Diagnostics

Erie Indemnity

Evans Bancorp

First of Long Island

Farmers & Merchants Bancorp

First Bancorp

H.B. Fuller

Glacier Bancorp

Graham Holdings

Great Southern Bancorp

Horizon

Intuit

Gladstone Land

Lockheed Martin

Northwest Natural Gas

Bank OZK

Procter & Gamble

Pentair

Republic Bancorp

Royal Gold

Roper Technologies

RPM International

Riverview Bancorp

Shoe Carnival

Star Group

Thor Industries

Tootsie Roll Industries

Toro

WD-40

Williams-Sonoma

Xcel Energy

A weekly summary of dividend activity for Dividend Champions, Contenders, and Challengers. Companies which changed their dividends. Companies with upcoming ex-dividend dates.

Dividend Champion, Contender, And Challenger Highlights: Week Of October 15

MCLEAN, VA / ACCESSWIRE / October 10, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its second fiscal quarter ended September 30, 2023.

Gladstone Investment Announces Monthly Cash Distributions for October, November and December 2023, a Supplemental Distribution to Common Stockholders, and Earnings Release and Conference Call Dates for the Second Fiscal Quarter

Arlington Asset Investment

Ares Commercial Real Estate

AGNC Investment

ARMOUR Residential REIT

Blackstone Mortgage Trust

Cherry Hill Mortgage

Chimera Investment

Capital Southwest

Dynex Capital

Ellington Residential Mortgage REIT

Ellington Financial

FS KKR Capital Corp

Granite Point Mortgage Trust

Invesco Mortgage Capital

Main Street Capital

MFA Financial

MidCap Financial Investment Corp

AG Mortgage Investment Trust

New York Mortgage Trust

Blue Owl Capital Corp

Orchid Island Capital

PennantPark Floating Rate Capital

PennyMac Mortgage Investment

Prospect Capital

Ready Capital Corp

Rithm Capital Corp

Solar Capital

TCP Capital

Two Harbors Investment

Rising interest rates pose challenges for many REITs by impacting debt rollovers and investor alternatives. Higher rates will add around $2 billion to the national debt over the next decade. Even more if they create a recession. Apartment construction is declining, affecting rental unit supply and potentially leading to increased rental rates. Pretty obvious when you think about it.

Big Dividend Yields Going Higher, Dumb Debt, And Snark

GAIN has a monthly dividend that is easily covered by NII. We expect another dividend raise soon. The company's investment portfolio has consistently grown over the last three years, and its stock is reasonably priced when compared to its NAV. GAIN has a great history of distributing supplemental dividends to shareholders.

Gladstone Investment: Reliable Monthly Income

MCLEAN, VA / ACCESSWIRE / September 13, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today that on September 8, 2023, it partnered with Xyresic Capital ("Xyresic Capital") to acquire The E3 Company, LLC ("E3"). Gladstone Investment invested $46.0 million through a combination of senior secured debt and equity to complete the transaction.

Gladstone Investment Corporation Acquires The E3 Company and Expands its Investment in Nocturne Luxury Villas via an Acquisition of Exclusive 30A Rentals

Apollo Global Management

Great Elm Capital

Gladstone Capital

JPMorgan Chase & Co

August saw four new preferred stock/ETD offerings with dividend yields ranging from 6.75% to 8.75%. CDx3 preferreds ranked 10 out of 10 are selling at an average discount to par of about 8.2% and offer an average current yield of 6.47%. Asset management firm Apollo Global priced an offering of mandatory convertible preferred stock at $50/share.

New ETD And Preferred Stock IPOs, August 2023

Gladstone Investment Corporation - 6.375% PRF REDEEM 31/08/2025 USD 25 - Ser E

Gladstone Investment (NASDAQ:GAIN ) Q1 2024 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants David Gladstone - CEO Michael LiCalsi - General Counsel Dave Dullum - President Rachael Easton - CFO Conference Call Participants Mickey Schleien - Ladenburg Thalmann Operator Greetings and welcome to the Gladstone Investment Corporation First Quarter Earnings Call. At this time, all partiicpnats are in a listen-only mode.

Gladstone Investment (GAIN) Q1 2024 Earnings Call Transcript

Gladstone Investment (GAIN) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.26 per share. This compares to earnings of $0.22 per share a year ago.

Gladstone Investment (GAIN) Q1 Earnings Miss Estimates

MCLEAN, VA / ACCESSWIRE / August 2, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its first fiscal quarter ended June 30, 2023. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.

Gladstone Investment Corporation Reports Financial Results for its First Quarter Ended June 30, 2023

This article discusses dividend coverage for two BDCs currently yielding around 10% including supplemental dividends. I own both of these for the reasons discussed below including dividend increases and recently announced supplemental dividends. One of the largest mistakes that BDC investors make is focusing on historical dividend coverage instead of projected dividend coverage.

Solid 10% Yield From Gladstone Capital And Gladstone Investment

Gladstone Investment is a business development company with a large allocation of investment capital to equities, making it a top bet for robust economic growth and ongoing interest rate hikes. GAIN's equity-heavy portfolio has the potential for high returns in a strong economy, and the company has shown it can sell its equity investments at lucrative multiples; it also pays a monthly dividend and distributes excess net investment income as special dividends. Despite its potential for high returns, GAIN is currently undervalued, priced at a 3% premium to net asset value.

Gladstone Investment: A Well-Run, Equity-Focused BDC With An 8% Yield

MCLEAN, VA / ACCESSWIRE / July 12, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) ("Gladstone Investment") announced today that it provided senior secured debt and an equity investment to support MSouth Equity Partners' acquisition of Exposition Holdings, LLC ("Fern Exposition Services"), a leading trade show service provider and general contractor. As part of that transaction, Fern Exposition Services will join forces with Nth Degree, Inc. ("Nth Degree"), an existing MSouth and Gladstone Investment portfolio company operating in the trade show, event management, and production space, to create a substantial footprint in the experiential marketing industry.

Gladstone Investment Corporation Announces Support for Fern Exposition Acquisition

MCLEAN, VA / ACCESSWIRE / July 11, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its first fiscal quarter ended June 30, 2023.

Gladstone Investment Announces Monthly Cash Distributions for July, August and September 2023, a Supplemental Distribution to Common Stockholders, and Earnings Release and Conference Call Dates for the First Fiscal Quarter

National Retail Properties

NNN and GAIN are two income investments that have rewarded long-term investors. Going forward, both of these names can continue to reward investors with income and potential appreciation over time. Both are trading at valuations that make them worthwhile considerations.

2 Income Plays For Long-Term Investors

Gladstone Investment is heavily weighted towards equity, with preferred and common equity forming 32% of its portfolio as of its fiscal 2023 fourth quarter. The current regular monthly payout forms a 7.4% annualized forward yield. The BDC has paid out $0.48 in supplemental dividends over the last 12 months for an effective incremental yield of 3.7%.

Gladstone Investment: 7.4% Dividend Yielding BDC, Monthly Payouts, Strong Equity Exposure

Saratoga Investment

The rate hiking cycle is near the end. The Fed's hawkishness has caused great companies to issue high-yield bonds. Business Development Companies have structural rules that prevent over-leveraging.

Deep Fishing For Bargains: High Yields From BDC Bonds

We take a look at the action in preferreds and baby bonds through the fourth week of May and highlight some of the key themes we are watching. Preferreds were roughly flat as Tech strength offset broader weakness due to rising Treasury yields. Gauging preferred strength via prices is easy to do but requires some caution.

Preferreds Weekly Review: Gauging Preferreds Strength

Allstate

Gladstone Capital Corp 6% Cum Red Pfd Registered Shs Series -2024-

Gladstone Commercial

Gladstone Commercial Corp 7 1/2 % Cum Red Pfd Shs Series B

Hercules Capital

PhenixFIN

Trinity Capital

Tightening financial conditions have led to a significant decrease in preferred stock and ETD offering activity, with only one new preferred stock offered in May. Allstate issued non-cumulative perpetual preferred shares with a fixed 7.375% dividend rate, while Gladstone Investment Corporation offered $65 million worth of 8% senior notes due 2028. CDx3 preferred stocks ranked 10 out of 10 are selling at an average discount to par of about 7.4% and offer an average current yield of 6.37%.

One Single New Preferred Stock IPO This Month

MCLEAN, VA / ACCESSWIRE / May 23, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced that it priced a public offering of $65.00 million aggregate principal amount of 8.00% Notes due 2028 (the "Notes") on May 23, 2023. The Notes will mature on August 1, 2028 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after August 1, 2025.

Gladstone Investment Corporation Prices Public Offering of 8.00% Notes due 2028

MCLEAN, VA / ACCESSWIRE / May 22, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today that on May 12, 2023, it partnered with Xyresic Capital ("Xyresic Capital") to acquire Home Concepts Holdings, LLC ("Home Concepts"), together with its executive management team. Gladstone Investment provided senior secured debt and the majority of the equity to complete the transaction.

Gladstone Investment Corporation Acquires Home Concepts Magazine

News for Gladstone Investment ETF (GAIN)