Gladstone Invt Corp Stock Price, News & Analysis

Gladstone Investment (NASDAQ:GAIN) has announced the successful sale of its portfolio company Nocturne Luxury Villas to a Calera Capital affiliate. The transaction resulted in complete debt investment repayment and significant capital gains on equity investment. Nocturne, formed in 2021 through a partnership with Aureus Capital, operates luxury vacation rental management services across prestigious locations including St. Barth's, Grand Cayman, Telluride, Santa Barbara, and Florida's Emerald Coast.

Under Gladstone's support, Nocturne completed seven acquisitions, demonstrating substantial business growth. This exit marks Gladstone Investment's 30th successful management supported buy-out exit since its 2005 inception, reinforcing its strategy as a buyout fund that combines current income from debt investments with equity investments for capital gains at exit.

Gladstone Investment (Nasdaq:GAIN) has provided additional capital to support its portfolio company Pyrotek Special Effects in acquiring Unique Pyrotechnic, a live special effects solutions provider in Sweden, Norway, and Denmark. This strategic acquisition expands Pyrotek's global presence, adding offices in Copenhagen, Oslo, and Gothenburg to its existing network in Las Vegas, Nashville, Lititz, Toronto, and New York.

Pyrotek specializes in comprehensive special effects services for the live entertainment industry, offering technical design, permitting, logistics support, and specialized installation services. The acquisition strengthens Pyrotek's ability to provide global solutions to its clients while creating additional value for Gladstone Investment's portfolio.

Gladstone Investment (GAIN) reported financial results for Q3 FY2024 ended December 31, 2024. Key highlights include:

Total investment income decreased 5.3% to $21.37M compared to $22.57M in the previous quarter. Net investment income declined 84.1% to $1.16M ($0.03 per share) from $7.29M ($0.20 per share). The company reported net unrealized appreciation of $37.33M, leading to a net increase in net assets of $38.49M.

During the quarter, GAIN made significant investments totaling $187.09M, including investments in Pyrotek Special Effects ($27.2M), Nielsen-Kellerman ($71.3M), and Ricardo Defense ($78.7M). The company's net asset value per share increased to $13.30 from $12.49.

The company declared monthly distributions of $0.08 per common share and issued $126.5M in 7.875% Notes due 2030. GAIN also sold 148,714 shares through its ATM program at a weighted-average price of $13.64 per share.

Gladstone Investment (Nasdaq: GAIN) has announced its Third Fiscal Quarter Earnings Call and Webcast for the period ended December 31, 2024. The event will take place on Thursday, February 13, 2025, at 8:30 a.m. ET.

Participants can join via webcast at the provided link or by phone at (866) 424-3437. A conference call replay will be available one hour after the call through February 20, 2025, accessible by dialing (877) 660-6853 with playback conference number 13750255. The webcast will also be archived on www.gladstoneinvestment.com.

Gladstone Investment operates as a business development company focusing on secured debt and equity investments in lower middle market businesses in the United States, particularly in relation to acquisitions, control changes, and recapitalizations.

Gladstone Investment (GAIN) has announced monthly cash distributions of $0.08 per share for common stockholders for January, February, and March 2025, totaling $0.24 for the quarter. The distributions will be paid on January 31, February 28, and March 31, 2025, to stockholders of record on January 24, February 19, and March 19, respectively.

The company will report its third fiscal quarter earnings (ended December 31, 2024) after market close on February 12, 2025, followed by a conference call on February 13, 2025, at 8:30 a.m. Eastern Time. A dividend reinvestment plan (DRIP) is available to common stockholders. The conference call replay will be accessible through February 20, 2025.

Proteus Enterprises has announced the acquisition of Ricardo Defense Inc., a leading system integrator for US Army vehicle and logistics programs, in partnership with Gladstone Investment (NASDAQ: GAIN). Ricardo Defense, headquartered in Troy, MI, with operations across multiple states and overseas, is known for developing engineering and product solutions for US Army programs, including the ABS/ESC system for the HMMWV.

The acquisition brings US ownership and access to capital to Ricardo Defense, which has shown significant growth through developing new capabilities and customer relationships over the past decade. Pete Roney, Proteus co-founder, will serve as the incoming CEO of Ricardo Defense. The transaction's financial terms were not disclosed.

Gladstone Investment (NASDAQ:GAIN) has announced its acquisition of Ricardo Defense Systems, and Ricardo Defense, Inc. (RDI), along with Proteus Enterprises The transaction was financed through a combination of equity and senior secured debt provided by Gladstone Investment.

RDI, headquartered in Troy, Michigan, specializes in engineering services and systems integration, focusing on Department of Defense fleet modernization and maintenance solutions. The acquisition is expected to generate both dividend income for shareholders and long-term capital appreciation through capital gains.

The deal adds RDI as a portfolio company to Gladstone Investment's assets, with plans to expand the company's established presence and continue delivering innovative solutions to its customers under the leadership of President Chet Gryczan and the RDI team.

Gladstone Investment (NASDAQ:GAIN) announced the acquisition of Nielsen-Kellerman, Inc. on December 19, 2024. The transaction involves both equity capital and senior secured debt provided by Gladstone Investment. Nielsen-Kellerman specializes in designing and manufacturing rugged, waterproof environmental measurement and sports performance instruments for outdoor enthusiasts, competitive athletes, and technical professionals.

The acquisition aligns with Gladstone's investment strategy of acquiring companies with strong brands and experienced management teams. The company sees potential for growth through expanding market reach and enhancing product offerings. This buyout aims to create long-term value for Gladstone Investment's shareholders through Nielsen-Kellerman's established market position and innovation capabilities.

Gladstone Investment (Nasdaq:GAIN) has announced a definitive agreement to acquire Ricardo Defense, Inc. (RDI) in partnership with Proteus Enterprises The transaction, signed on December 13, 2024, is expected to close by December 31, 2024. Gladstone Investment will provide both equity and senior secured debt financing for the acquisition.

RDI, headquartered in Troy, Michigan, specializes in engineering services and systems integration, focusing on Department of Defense fleet modernization and maintenance solutions. The acquisition is expected to generate both dividend income for shareholders and long-term capital appreciation through capital gains.