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Gladstone Capital Corporation (NASDAQ: GLAD) provides investors with comprehensive news coverage of this business development company specializing in secured debt and equity investments. This centralized resource aggregates official press releases, financial updates, and strategic developments for lower middle market financing activities.
Access timely updates on GLAD's portfolio management, earnings announcements, and capital deployment strategies. Users will find detailed reporting on secured lending activities, equity co-investments, and operational milestones across key sectors including industrial manufacturing and healthcare services.
The news collection features essential updates such as quarterly earnings disclosures, dividend declarations, portfolio company acquisitions, and regulatory filings. Additional coverage includes analysis of strategic initiatives like reverse stock splits and balance sheet optimization measures that impact shareholder value.
Bookmark this page for direct access to GLAD's latest financial communications and market-moving developments. Regular updates ensure stakeholders maintain informed perspectives on the company's performance in business development financing and risk-managed investment strategies.
Gladstone Capital (GLAD) reported financial results for Q4 and fiscal year 2024. Q4 saw total investment income decrease 7.7% to $23.7M, while net investment income was $11.0M ($0.50 per share). For FY2024, total investment income increased 11.8% to $96.6M, with net investment income rising 12.3% to $46.1M ($2.11 per share). The company's portfolio showed strong performance with secured first lien assets over 70% of debt investments and a weighted average yield of 14.0%. Notable post-quarter events include the sale of Antenna Research Associates generating a $59.3M realized gain and a newly declared supplemental distribution of $0.40 per share.
Gladstone Capital (NASDAQ:GLAD) has declared a $0.40 supplemental cash distribution per share to common stockholders, payable on December 18, 2024, with a record date of December 4. This special distribution follows the company's successful sale of its equity interest and debt investment prepayment in Antenna Research Associates, Inc., which resulted in a significant capital gain. The company maintains a dividend reinvestment plan (DRIP) for common stockholders.
Gladstone Capital (GLAD) has announced its Fourth Fiscal Quarter 2024 Earnings Call & Webcast, scheduled for Thursday, November 14, 2024, at 8:30 a.m. Eastern Time. The event will be accessible via webcast and phone, with a conference call replay available until November 21, 2024. Gladstone Capital operates as a business development company, focusing on secured first and second lien term loans to lower middle market businesses in the United States.
Gladstone Capital (Nasdaq:GLAD) announced the sale of its equity interest and debt investment prepayment in Antenna Research Associates (ARA), resulting in a significant gain on its equity investment. Gladstone Capital, along with ARA's management and institutional co-investors, had acquired ARA in November 2018. ARA, founded in 1963, specializes in designing and manufacturing antennas and RF systems for military and civilian applications across multiple industries including Communication Networks, SATCOM, RADAR, and Electronic Warfare. The company experienced rapid growth during Gladstone's investment period, expanding both organically and through multiple acquisitions.
Gladstone Capital (Nasdaq:GLAD) has announced monthly cash distributions for October, November, and December 2024, as well as its plan to report earnings for Q4 2024. The company declared:
- Common Stock: $0.165 per share for each month, totaling $0.495 for the quarter
- Series A Preferred Stock: $0.130208 per share for each month, totaling $0.390624 for the quarter
The company will report Q4 2024 earnings on November 13, 2024, after market close, with a conference call scheduled for November 14, 2024, at 8:30 a.m. ET. Investors can access the call at (866) 424-3437, and a replay will be available until November 21, 2024. The live audio broadcast and replay will also be available on the company's website.
Gladstone Capital (Nasdaq: GLAD) has announced the election of Katharine Cornell Gorka to its Board of Directors, effective August 22, 2024. Ms. Gorka, 64, will serve in the 2027 class of Directors. She is the President of Threat Knowledge Group and chair of the Fairfax County Republican Party. Her background includes roles as Senior Policy Advisor at the U.S. Department of Homeland Security, Press Secretary for U.S. Customs and Border Protection, and Director for Civil Society at The Heritage Foundation.
The company believes Ms. Gorka's management expertise, strategic analysis skills, and diverse background will add value to the Board by expanding its knowledge base and perspective. Ms. Gorka holds a degree from the University of North Carolina at Chapel Hill and an M.Sc. in Economics from the London School of Economics.
Gladstone Capital (NASDAQ:GLAD) has announced the completion of a junior debt facility to support Bluejay Capital Partners and Trive Capital's acquisition of RPM Freight Systems, RPM is a technology-driven, asset-light provider of transportation management solutions for finished vehicle logistics and specialized freight markets in North America and Europe.
RPM, headquartered in Royal Oak, Michigan, serves over 30 countries, offering data-driven solutions for OEMs, online dealers, and re-marketing firms. Eric Maloy, Managing Director at Gladstone Capital, expressed enthusiasm for partnering with Bluejay and Trive Capital, highlighting RPM's market-leading technological capabilities and value-added services. Both Bluejay Capital and Trive Capital representatives praised Gladstone Capital's flexibility and support in the transaction.
Gladstone Capital (Nasdaq:GLAD) reported financial results for its third fiscal quarter ended June 30, 2024. Key highlights include:
- Total investment income increased by 7.1% to $25.69 million
- Net investment income rose by 15% to $12.39 million, or $0.57 per share
- Net increase in net assets from operations was $19.06 million, or $0.88 per share
- Portfolio activity included $46.39 million in new investments
- Weighted average yield on interest-bearing investments was 13.9%
- Net asset value per common share increased to $20.18
The company also declared a quarterly distribution of $0.495 per common share for the fourth fiscal quarter of 2024.
Gladstone Capital (Nasdaq: GLAD) has announced its upcoming earnings call and webcast for the third fiscal quarter ended June 30, 2024. The event is scheduled for Thursday, August 8, 2024, at 8:30 a.m. Eastern Time. Investors can participate via webcast or by calling (866) 424-3437. A conference call replay will be available until August 15, 2024, by dialing (877) 660-6853 with playback conference number 13746757.
Gladstone Capital is a publicly traded business development company that primarily invests in secured first and second lien term loans to lower middle market businesses in the United States. The company's earnings call will provide insights into its financial performance and investment activities for the quarter.
Gladstone Capital (Nasdaq: GLAD) announced its board of directors declared monthly cash distributions for July, August, and September 2024. Common stockholders will receive $0.165 per share each month, totaling $0.495 for the quarter. Series A Preferred Stockholders will get $0.130208 per share each month, totaling $0.390624 for the quarter. The company offers a dividend reinvestment plan for common stockholders.
Additionally, Gladstone Capital plans to report earnings for its third fiscal quarter, which ended June 30, 2024, after market close on August 7, 2024. A conference call to discuss the earnings will be held on August 8, 2024, at 8:30 a.m. ET. Replay options will be available until August 15, 2024.
Gladstone Capital is a business development company investing in debt and equity securities, mainly in secured first and second lien term loans to lower middle market businesses in the U.S. For more information, visit Gladstone's website or contact Investor Relations.
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