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.
Gladstone Capital Corporation reports developments for a publicly traded business development company that invests in debt and equity securities of lower middle market businesses in the United States. Its recurring news centers on quarterly and annual results, portfolio activity, net asset value, investment income, secured first and second lien term loans, and limited equity exposure within its investment portfolio.
Company updates also cover monthly cash distributions on common stock and 6.25% Series A Cumulative Redeemable Preferred Stock, earnings-call schedules, financing activity, and governance matters such as executive succession and board-related announcements.
Gladstone Capital Corporation (NASDAQ:GLAD) announced a public offering of an additional $50 million in 5.125% notes due 2026, priced at 103.639% of principal, yielding approximately 4.288%. The offering increases the total notes to $150 million. Interest will be paid semi-annually, starting July 31, 2021. Proceeds will be utilized for credit facility repayment, new investments, and general corporate purposes. The offering is subject to customary closing conditions and expected to close on March 10, 2021.
Gladstone Capital Corporation (NASDAQ:GLAD) has announced monthly cash distributions of $0.065 per share for January, February, and March 2021. The distributions will be payable on January 29, February 26, and March 31, with a total of $0.195 for the quarter. Additionally, the company plans to report its earnings for the first fiscal quarter on February 3, 2021, followed by a conference call on February 4 at 8:30 a.m. EST. Investors can access the live broadcast and replay through the company's website.
Gladstone Capital Corporation has announced a public offering of $100 million in 5.125% Notes due January 31, 2026. These notes will yield interest paid semi-annually, starting July 31, 2021. Proceeds will be used to redeem existing 6.125% Notes due 2023, reduce credit facility debt, fund new investments, and for general corporate purposes. The transaction is subject to closing conditions, with delivery expected by December 15, 2020. Investors are encouraged to review the prospectus for details and risks associated with this offering.
Gladstone Capital Corporation (Nasdaq:GLAD) reported its fourth quarter and fiscal year earnings for the period ending September 30, 2020. The Company achieved total investment income of $12.6 million, up 7.2% from the previous quarter. Net investment income remained steady at $6.1 million, or $0.195 per share. Total expenses increased by 14.5% quarter-over-quarter. The net increase in net assets from operations was $10.2 million, a decline of 31.5% from the prior quarter. The net asset value per share increased by 1.8% to $7.40. For the fiscal year, net loss was $1.9 million compared to a gain of $19.9 million last year.
Gladstone Capital Corporation (Nasdaq: GLAD) will hold its Fourth Quarter earnings call on November 11, 2020, at 8:30 a.m. EST. Investors can join via webcast or phone. A replay will be available one hour post-call until November 18, 2020. As a business development company, Gladstone primarily invests in secured loans targeting lower middle-market businesses in the U.S. For further details, visit www.gladstonecapital.com.
Gladstone Capital Corporation (NASDAQ:GLAD) announced the appointment of Mike McQuigg as Executive Vice President and Senior Managing Director. McQuigg has been with the company since April 2015, playing a key role in managing lower middle market debt investments. Prior to his tenure at Gladstone, he held significant positions at Deerpath Capital and H.I.G. Capital. His leadership is expected to enhance the company's asset growth and profitability, as noted by Chairman David Gladstone and President Bob Marcotte.
Gladstone Capital Corporation (NASDAQ:GLAD) declared monthly cash distributions of $0.065 per share for October, November, and December 2020, totaling $0.195 for the quarter. Payment dates are set for October 30, November 30, and December 31. The Company plans to release earnings for the fiscal year ending September 30, 2020, on November 10, with a conference call on November 11 at 8:30 a.m. EST. Investors can access the call live or via replay afterward.
Gladstone Capital Corporation (Nasdaq: GLAD) reported Q3 earnings for the fiscal quarter ending June 30, 2020. Total investment income rose to $11.7 million, up 2.1% from the previous quarter. However, net investment income fell by 7.1% to $6.1 million. The company showed strong portfolio performance with no payment defaults, while net unrealized appreciation surged by $9 million. Net asset value increased by 4.0% to $7.27 per share. Despite a 14.2% rise in total expenses, the firm maintained a conservative debt-to-equity ratio of 101.8% and extended its credit facility. Distributions remain unchanged at $0.195 per share.
Gladstone Capital Corporation (GLAD) announced its upcoming earnings call for the third quarter ended June 30, 2020. The call is scheduled for July 30, 2020, at 8:30 a.m. EDT and will be available via webcast and phone. A replay of the call will be accessible until August 6, 2020. Gladstone Capital focuses on investing in secured loans primarily for lower middle-market businesses in the U.S. More information on the company and their funds can be found on their official website.
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