Gladstone Invt Corp Stock Price, News & Analysis

Gladstone Investment Corporation announced the election of Paula Novara to its Board of Directors for the 2024 class, effective October 11, 2022. Novara, who has been with the company since its inception, currently serves as Head of Resource Management, Human Resources, Facilities & Office Management, and IT. She brings extensive experience from prior roles, including Assistant Vice President of Human Resources at WMF Group and consulting for Prudential Financial. The company believes her expertise will enhance board diversity.

Gladstone Investment Corporation (Nasdaq: GAIN) has declared cash distributions of $0.08 per share for October, November, and December 2022, along with a supplemental distribution of $0.12 per share in December. Total distributions for the quarter amount to $0.36 per share. Earnings for the second fiscal quarter ending September 30, 2022, will be reported on November 1, 2022, with a conference call scheduled for November 2, 2022, at 8:30 a.m. ET. The company offers a dividend reinvestment plan (DRIP) for stockholders.

Gladstone Investment Corporation (Nasdaq: GAIN) announced its first-quarter earnings for the period ending June 30, 2022. Total investment income reached $19.3 million, a slight increase from $19.2 million in the previous quarter. Net investment income rose 9.5% to $7.4 million, translating to $0.22 per share. Total expenses decreased 4.7% to $11.9 million. The company reported net realized gains of $4.5 million and a net increase in assets from operations at $12.0 million. Cash distribution per share from net investment income dropped significantly to $0.10 from $0.32.

Gladstone Investment Corporation (NASDAQ: GAIN) has announced its First Fiscal Quarter Earnings Call for the quarter ending June 30, 2022. The event is scheduled for Thursday, August 4, 2022, at 8:30 a.m. EDT and will be accessible via webcast or by phone at (866) 373-3416. A replay of the call will be available for listening starting one hour after the event, lasting until August 11, 2022. The corporation focuses on secured debt and equity investments in lower middle market businesses in the U.S.

Gladstone Investment Corporation (Nasdaq: GAIN) declared cash distributions of $0.075 per share for July, August, and September 2022, totaling $0.225 for the quarter. Record dates are July 22, August 23, and September 22, with payment dates on July 29, August 31, and September 30, 2022. The company plans to report its first fiscal quarter earnings on August 3, 2022, with a conference call scheduled for August 4, 2022, at 8:30 a.m. EDT. Investors can participate in the call or access a replay until August 11, 2022.

Gladstone Investment has acquired Dema Plumbing, the largest plumbing and mechanical systems provider for single-family homebuilders in Colorado's Front Range. This strategic acquisition will merge Dema Plumbing with Mai Mechanical, also part of Gladstone's portfolio, enhancing service offerings in both single-family and multi-family residential markets. The combination aims to leverage their strengths for expansion in the region, reflecting Gladstone's commitment to growth in lower middle market businesses.

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.