Gladstone Investment (GAIN) Stock

Gladstone Investment's new 7.875% baby bond, GAINI, offers a solid yield with a maturity date of 12/01/2030 and is callable from 02/01/2027. The company's financials show sufficient coverage for interest payments, with a Debt-to-Equity ratio of 0.98 and an Earnings-to-Debt ratio of 1.34. GAINI is undervalued compared to Gladstone's other baby bonds, providing a better yield opportunity for investors seeking debt exposure.

MCLEAN, VA / ACCESSWIRE / December 10, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced that it priced a public offering of $110.0 million aggregate principal amount of 7.875% Notes due 2030 (the "Notes") on December 10, 2024. The Notes will mature on February 1, 2030 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 February 1, 2027.

MCLEAN, VA / ACCESSWIRE / December 9, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") today announced that it plans to make a public offering of Notes due 2030 (the "Notes"). The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAINI" within 30 days of issuance.

MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024.

Gladstone Investment (GAIN) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.24 per share a year ago.

MCLEAN, VA / ACCESSWIRE / October 8, 2024 / 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, 2024.

Gladstone Investment Corporation's dividend coverage has deteriorated, with a 100% pay-out ratio, raising the risk of a dividend cut. The central bank's recent rate cuts negatively impact Gladstone's floating-rate debt investments, worsening the risk/reward profile. Gladstone's stock trades at a 9% premium to NAV, which is unjustified given its weakened pay-out metrics and interest rate outlook.

MCLEAN, VA / ACCESSWIRE / September 26, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that as a result of the October 14, 2024 federal holiday the Company's transfer agent will distribute the payment of the supplemental distribution of $0.70 per share of common stock on Tuesday, October 15, 2024. The record date for the supplemental distribution remains unchanged.

On a YTD basis, Gladstone Investment has delivered flat total return performance. The most recent earnings report included some negatives that fully warrant a more cautionary stance by the market. Yet, if we dissect the underlying details, we will see that Gladstone can still nicely cover the dividend, while enjoying an improved outlook in terms of generating additional value.