Gladstone Invt Corp Stock Price, News & Analysis

Gladstone Investment Corporation (Nasdaq:GAIN) announced the sale of its portfolio company Head Country, Inc., resulting in a significant capital gain. Acquired in 2014, Head Country is known for its BBQ sauce and seasonings. The management team expressed pride in supporting Head Country's growth over seven years. Since its inception in 2005, Gladstone has exited over 20 management-supported buyouts, generating substantial net realized gains. The firm's strategy focuses on acquiring quality businesses and providing value to shareholders through stock appreciation and dividends.

Gladstone Investment Corporation (NASDAQ: GAIN) announced a partnership with Aureus Capital to form Nocturne Villa Rentals, Inc., focusing on luxury vacation rental management acquisitions.

The transaction included an acquisition of Exceptional Stays, LLC, boasting around 90 luxury properties in Telluride, Colorado. The executive management team, led by Scott Simmons and Marshall Calder, brings extensive hospitality experience. Gladstone Investment's equity and debt investments aim to foster growth and integrate future luxury rental acquisitions.

Gladstone Investment Corporation (NASDAQ:GAIN) reported earnings for Q4 and fiscal year ending March 31, 2021. Total investment income dropped 8.6% year-over-year to $56.6 million, while net investment income fell 50.7% to $17.9 million. The company faced a 22% increase in total expenses, leading to a significant decline in net income per common share from $1.11 to $0.54. Despite challenges, net asset value rose 3.1% to $11.52 per share. The company also increased its cash distribution per common share from net investment income by 10.7% year-over-year.

Gladstone Investment Corporation (NASDAQ: GAIN) is set to host its Fourth Quarter Earnings Call on May 12, 2021, at 8:30 a.m. EDT. Investors can join via webcast or by calling (866) 373-3416. The call will be archived for replay until May 19, 2021. Gladstone Investment focuses on securing debt and equity investments in lower middle market businesses in the U.S., specifically targeting acquisitions and recapitalizations.

Gladstone Investment Corporation (NASDAQ:GAIN) plans to report its earnings for the fourth quarter and year ending March 31, 2021, on May 11, 2021, after market close. A conference call to discuss the results will be held on May 12, 2021, at 8:30 a.m. EDT. Interested participants can join the call by dialing (866) 373-3416. A replay will be available until May 19, 2021. For more information about the company and its activities, visit www.gladstoneinvestment.com.

Gladstone Investment Corporation (NASDAQ:GAIN) announced monthly cash distributions for common and preferred stockholders for April, May, and June 2021. Common stockholders will receive $0.07 per share monthly and a supplemental distribution of $0.06 in June, totaling $0.27 for the quarter. Preferred stockholders will receive $0.1328125 per share each month, summing to $0.3984375 for the quarter. The board will evaluate future distributions continually. The company offers a dividend reinvestment plan for common stockholders.

Gladstone Investment Corporation (NASDAQ: GAIN) announced the pricing of a public offering of $111.25 million 5.00% Notes due 2026, maturing on May 1, 2026. The interest rate will be 5.00% per year, payable quarterly starting May 1, 2021. The company plans to redeem its 6.25% Series D Cumulative Term Preferred Stock due 2023, repay debt, and pursue new investments with proceeds. The offering is under its SEC effective shelf registration and is subject to customary closing conditions, expected to close around March 2, 2021.

Gladstone Investment Corporation (NASDAQ: GAIN) announced plans to redeem its 6.25% Series D Cumulative Term Preferred Stock due 2023, contingent on the successful completion of its public offering of unsecured notes. A notice of conditional redemption will be sent to registered holders, with the anticipated redemption date set for March 3, 2021, at a price of $25.00 per share, plus unpaid dividends. This announcement outlines the company's strategy for capital restructuring amidst ongoing market activities.

Gladstone Investment Corporation (NASDAQ:GAIN) announced a public offering of Notes due 2026, expected to be listed on the Nasdaq Global Select Market as 'GAINN'. The offering aims to use proceeds to redeem Series D Cumulative Term Preferred Stock, repay revolving credit, and fund new investments. Joint book-running managers include Janney Montgomery Scott LLC and BTIG, LLC, among others. Investors should evaluate the risks before investing. The offering is under an effective shelf registration with the SEC, and the preliminary prospectus provides essential details.