Gladstone Invt Corp Stock Price, News & Analysis

Gladstone Investment Corporation (GAIN) announced the sale of Bassett Creek Services, Inc. to Watterson, a Highview Capital portfolio company, resulting in repayment of its debt at par and a significant capital gain on its equity investment. Established in 2018, Bassett Creek provides restoration services nationwide. Gladstone has exited over 20 management-supported buyouts since inception, achieving notable net realized gains. The company focuses on secured debt and equity investments in lower middle-market businesses, aiming to deliver value through stock appreciation and dividend growth.

Gladstone Investment Corporation (Nasdaq: GAIN) reported its earnings for the fourth quarter and fiscal year ending March 31, 2022. Total investment income increased by 15% to $19.2 million, while total expenses surged 50% to $12.5 million, leading to a net investment income decline of 20% to $6.7 million per share. The net asset value per share rose to $13.43, a 1.2% increase from the previous quarter. Additionally, cash distributions per share from net investment income increased by 39% to $0.32. Significant investment activities and a realized loss of $10 million were noted for the quarter.

Gladstone Investment Corporation (NASDAQ:GAIN) will host its Fourth Quarter Earnings Call on May 12, 2022, at 8:30 a.m. EDT. The call will be accessible via a webcast at this link or by phone at (866) 373-3416. A replay will be available until May 19, 2022, by dialing (877) 660-6853 with playback conference number 13727661. Gladstone specializes in secured debt and equity investments in lower middle market businesses in the U.S.

Gladstone Investment Corporation (NASDAQ: GAIN) announced its upcoming earnings report for the fourth quarter and year ended March 31, 2022, scheduled for release after market close on May 11, 2022. A conference call to discuss the results will take place on May 12, 2022, at 8:30 a.m. EDT, accessible by calling (866) 373-3416. A replay of the call will be available until May 19, 2022. Gladstone focuses on secured debt and equity investments in lower middle-market U.S. businesses.

Gladstone Investment Corporation (NASDAQ: GAIN) has declared monthly cash distributions of $0.075 per share for April, May, and June 2022. Additionally, a supplemental distribution of $0.12 per share will be payable in June 2022. The record dates for these distributions are April 22, May 20, and June 6, with payment dates following on April 29, May 31, and June 15, respectively. The total distributions for the quarter amount to $0.345 per share. The Company offers a dividend reinvestment plan (DRIP) for shareholders.

Gladstone Investment Corporation (NASDAQ:GAIN) reported its Q3 2021 earnings on February 8, 2022. Total investment income decreased by 9.7% to $16.7 million, while total expenses dropped significantly by 49% to $8.3 million. Net investment income surged 287.9% to $8.4 million, or $0.25 per share. The company experienced a net realized gain of $22 million but reported a net unrealized depreciation of $20.1 million. Cash distributions per common share increased by 43.8% to $0.23. As of December 31, 2021, net assets were $440.6 million, with net asset value per common share unchanged at $13.27.

Gladstone Investment Corporation (NASDAQ:GAIN) will host its Third Fiscal Quarter Earnings Call on February 9, 2022, at 8:30 a.m. EST. The call will provide insights into the financial performance for the quarter ended December 31, 2021. Investors can join via webcast or by phone at (866) 373-3416. A replay of the conference call will be available one hour after the event until February 16, 2022. Gladstone primarily invests in secured debt and equity in lower middle market businesses across the U.S.

Gladstone Investment Corporation (Nasdaq: GAIN) has announced monthly cash distributions for common stockholders totaling $0.345 per share for the first quarter of 2022. This includes a supplemental distribution of $0.12 per share due in February. The record and payment dates for these distributions have been specified, with distributions of $0.075 per share scheduled for January, February, and March. Additionally, the Company plans to release its third fiscal quarter earnings on February 8, 2022, with a conference call on February 9, 2022.

Gladstone Investment Corporation (Nasdaq: GAIN) reported its Q2 earnings for the period ending September 30, 2021, highlighting a total investment income of $18.5 million, up 2.8% from the previous quarter. Net investment income reached $2.2 million, a notable recovery from a loss of $2.3 million in Q1. The company declared cash distributions of $0.16 per share, down 20% from the prior quarter. Notably, the net asset value per share increased to $13.27, a 4.8% rise from Q1. Significant investments included $24.3 million in a new portfolio company and $6.2 million in existing ones.