Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
23 June 2005Next earnings report:
07 November 2024Last dividends:
22 October 2024Next dividends:
20 December 2024Price
after hours | Fri, 01 Nov 2024 23:09:37 GMTAnalysts recommendations
Institutional Ownership
GAIN Latest News
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.
MCLEAN, VA / ACCESSWIRE / September 17, 2024 / 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 October 2024. Common Stock: A supplemental distribution of $0.70 per share of common stock in October 2024 payable per the table below.
Gladstone Investment is a rather unique BDC with a focus on buy-outs, providing both debt and equity financing, leading to higher potential returns but with greater risk. Recent earnings disappointed, causing a share price drop, but this presents a potential buying opportunity for long-term investors comfortable with volatility. Current valuation and yield are more attractive after the price drop, making GAIN a more attractive potential opportunity for income-focused, long-term investors.
MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party.
Realty Income generates stable income from resilient retailers. LTC owns an evergreen portfolio of assisted living and healthcare facilities.
Although the revenue and EPS for Gladstone Investment (GAIN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
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 $0.25 per share a year ago.
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What type of business is Gladstone Investment?
Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with revenue between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.
What sector is Gladstone Investment in?
Gladstone Investment is in the Financial Services sector
What industry is Gladstone Investment in?
Gladstone Investment is in the Asset Management industry
What country is Gladstone Investment from?
Gladstone Investment is headquartered in United States
When did Gladstone Investment go public?
Gladstone Investment initial public offering (IPO) was on 23 June 2005
What is Gladstone Investment website?
https://www.gladstoneinvestment.com
Is Gladstone Investment in the S&P 500?
No, Gladstone Investment is not included in the S&P 500 index
Is Gladstone Investment in the NASDAQ 100?
No, Gladstone Investment is not included in the NASDAQ 100 index
Is Gladstone Investment in the Dow Jones?
No, Gladstone Investment is not included in the Dow Jones index
When was Gladstone Investment the previous earnings report?
No data
When does Gladstone Investment earnings report?
The next expected earnings date for Gladstone Investment is 07 November 2024