Welcome to our dedicated page for Gladstone Capital news (Ticker: $GLAD), a resource for investors and traders seeking the latest updates and insights on Gladstone Capital stock.
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Gladstone Capital reported its financial results for the second fiscal quarter ended March 31, 2024. Total investment income increased by 3.3%, with net investment income per common share decreasing by 7.4%. The company had a net asset value per common share of $9.90. Portfolio activity included investments in new and existing companies, with a focus on first lien assets. Total investment income rose due to higher interest income, while expenses increased mainly due to a rise in management fees. The net asset increase from operations was $23.6 million, driven by net unrealized appreciation. Subsequent events included investments in Total Access Elevator, and the payoff of debt investments in Giving Home Healthcare, and Gray Matter Systems, The company completed a reverse stock split, doubling its NAV per share to $19.80. Distributions were declared to common and preferred stockholders for the quarter.
Gladstone Capital (Nasdaq: GLAD) announces its Second Fiscal Quarter earnings call and webcast scheduled for May 2, 2024. The company is a business development firm investing in debt and equity securities. The event provides investors with insights into the company's financial performance and operations.
