Gladstone Capital

Gladstone Capital Corp. is a business development company, which invests in debt and equity securities consisting primarily of secured first and second lien term loans to lower middle market businesses. The company was founded on May 30, 2001 and is headquartered in McLean, VA.

Earnings data Q2 2021

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Gladstone Capital excels in Q4 2024, eyes growth opportunities

Gladstone Capital delivered a robust performance in Q4 2024, driven by strategic investments and a focus on growth-oriented businesses.
While challenges such as declining net investment income and concentration issues were noted, opportunities for expansion and optimization exist.
The company's financial stability, prudent management, and strong Q4 results position it well for future growth and success.

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Gladstone Capital (GLAD) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.62 per share a year ago.

Gladstone Capital (GLAD) Surpasses Q3 Earnings and Revenue Estimates

MCLEAN, VA / ACCESSWIRE / August 7, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its third fiscal quarter ended June 30, 2024. 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 and the Investors section of the Company's website at www.GladstoneCapital.com.

Gladstone Capital Corporation Reports Financial Results for its Third Quarter Ended June 30, 2024

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Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gladstone Capital and the CEF Nuveen Preferred and Income Term Fund. We highlight opportunities in securities that have lagged the market across the CEF and BDC sectors.

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We take a look at the action in business development companies through the second week of July and highlight some of the key themes we are watching. BDCs had a solid week with an 0.8% average total return. Early indicators of Q2 earnings results from Saratoga Investment and PennantPark show solid performance, suggesting positive total NAV returns for the sector.

BDC Weekly Review: Early Earnings Guidance Is Bullish For The Sector

MCLEAN, VA / ACCESSWIRE / July 9, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for July, August and September 2024 and also announced its plan to report earnings for its third fiscal quarter ended June 30, 2024. Cash Distributions: Common Stock: $0.165 per share of common stock for each of July, August and September 2024, payable per the table below.

Gladstone Capital Announces Monthly Cash Distributions for July, August and September 2024 and Conference Call Date

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Gladstone Capital is a quality monthly-paying BDC with a respectable track record and performed strongly with its share price up roughly 20% in the past year. The BDC reported a slight decline in net investment income but saw growth in total investment income and overall portfolio fair value. The company's dividend coverage is tight, and its share price may be overvalued, warranting a hold rating for now.

Gladstone Capital: Monthly 8.7% Yielding BDC I Would Buy On A Pullback

Gladstone Capital operates as a business development company, providing financing and support to lower middle market businesses that have an EBITDA between $3M - $25M. The stock has provided a total return of over 16% since my initial coverage in September of 2023. GLAD offers a current dividend yield of 8.9% and distributes its payout on a monthly basis, making it attractive for income-seeking investors.

Gladstone Capital: Diversified BDC Trading At Attractive Valuation

We take a look at the action in business development companies through the first week of May and highlight some of the key themes we are watching.

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Gladstone Capital (NASDAQ:GLAD ) Q2 2024 Results Conference Call May 2, 2024 8:30 AM ET Company Participants David Gladstone - Chairman and CEO Michael LiCalsi - General Counsel and Secretary Bob Marcotte - President Nicole Schaltenbrand - CFO and Treasurer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Sean-Paul Adams - Raymond James Operator Greetings, and welcome to the Gladstone Capital Corporation Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.

Gladstone Capital (GLAD) Q2 2024 Earnings Call Transcript

The headline numbers for Gladstone Capital (GLAD) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Gladstone Capital (GLAD) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

MCLEAN, VA / ACCESSWIRE / May 1, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") today announced earnings for its second fiscal quarter ended March 31, 2024. 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 and the investors section of the Company's website at www.GladstoneCapital.com.

Gladstone Capital Corporation Reports Financial Results for Its Second Quarter Ended March 31, 2024

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We take a look at the action in business development companies through the second week of April and highlight some of the key themes we are watching. BDCs were mostly down on the week along with the rest of the income space due to stronger-than-expected inflation. A recent paper showed that BDCs don't generate excess risk-adjusted returns, something that is both debatable and less relevant for investors.

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We take a look at the business development company Gladstone Capital, whose valuation has dipped into attractive territory. Gladstone Capital operates in the lower middle-market segment, targeting companies with EBITDA of $3-25m, with top sectors in healthcare, education, and manufacturing. Gladstone trades at a 10% yield with a net income yield on price of 11.04%.

Gladstone Capital: Good Entry Point For This Strongly Performing BDC

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December last year, I published a bullish article on Gladstone Capital that was primarily driven by a focus on defense with an ability to capture enticing yields.

Gladstone Capital: When Defense Pays Off

MCLEAN, VA / ACCESSWIRE / April 9, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for April, May and June 2024 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2024. Cash Distributions: Common Stock: $0.165 per share of common stock for each of April, May and June 2024, payable per the table below.

Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2024 and Conference Call Date

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MCLEAN, VA / ACCESSWIRE / April 1, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors has approved a reverse stock split of its outstanding shares of common stock at a ratio of 1-for-2 that will be effective for purposes of trading as of the opening of business on the Nasdaq Global Select Market on April 5, 2024. As a result of the reverse stock split, every two shares of the Company's issued and outstanding common stock will be automatically combined into one issued and outstanding share of common stock, without any change in the par value per share.

Gladstone Capital Announces 1-for-2 Reverse Stock Split

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Gladstone Capital Corporation reported decent dividend payout metrics and grew its net asset value in the most recent quarter. GLAD has a growing loan portfolio, with a boost in originations from higher net new investment activity. The dividend seems well-covered, but the BDC's net asset value premium may not be justified. Hold classification recommended.

Gladstone Capital: This 10% Yield Seems Sustainable For Now (Rating Upgrade)

Gladstone Capital saw its net asset value grow by 22 cents sequentially and kept its monthly cash distribution unchanged at $0.0825 per share. The BDC currently offers a 9.6% dividend yield, with its fiscal 2024 first quarter NII per share covering its dividend by 110%. Non-performing debt also dipped by 100 basis points to 0.4% of GLAD's total debt portfolio at the end of the first quarter, with the BDC prioritizing first lien originations.

Gladstone Capital: This 9.6% Dividend Yield Is Still A Buy

News for Gladstone Capital ETF (GLAD)