Gladstone Capital Corp Stock Price, News & Analysis

Gladstone Capital Corporation (NASDAQ:GLAD) has announced its First Fiscal Quarter Earnings Call for the period ending December 31, 2022. The call is scheduled for February 7, 2023, at 8:30 a.m. ET, and will be accessible via webcast and phone. Investors can listen to the replay until February 14, 2023. Gladstone is focused on investing in debt and equity securities, primarily in secured loans to lower middle market businesses in the U.S. Further details can be found on their website.

Gladstone Capital Corporation (NASDAQ:GLAD) announced a 7.1% increase in monthly cash distributions, raising the amount from $0.07 to $0.075 per share for January, February, and March 2023. The total distribution for the quarter will be $0.225 per share. The Company also plans to report its earnings for the first fiscal quarter ended December 31, 2022, on February 6, 2023, followed by a conference call on February 7, 2023. Investors can find more details about the dividend reinvestment plan on their website.

Gladstone Capital Corporation (GLAD) reported significant financial results for Q4 and FY 2022, marking a year of growth. Total investment income increased by 15.6% quarter-over-quarter to $15.9 million, leading to a net investment income of $7.5 million or $0.22 per share, an 8.6% rise. However, unrealized depreciation resulted in a $2.3 million loss. Yearly totals show a 17.4% increase in total investment income, reaching $63.2 million, but net assets from operations fell 76.4%. The company anticipates sustained earnings momentum due to rising interest rates.

Gladstone Capital Corporation (NASDAQ:GLAD) will hold its Fourth Fiscal Quarter Earnings Call on November 15, 2022, at 8:30 a.m. ET. This call will cover the financial results for the quarter ending on September 30, 2022. Investors can join via webcast or by phone at (866) 424-3437. A replay will be available until November 22, 2022. Gladstone Capital focuses on investing in debt and equity securities, mainly through secured loans to lower middle-market businesses in the U.S.

Gladstone Capital Corporation (NASDAQ:GLAD) has elected Paula Novara to its Board of Directors for the 2024 class, effective October 11, 2022. Ms. Novara, age 53, has been with the Company since its inception, serving as Head of Resource Management, Human Resources, Facilities & Office Management, and IT. With a strong background in human resources and management, including roles at WMF Group and Prudential Financial, she holds an MA in Human Resources Management and is certified by the Society for Human Resource Management. Her appointment aims to enhance board diversity.

Gladstone Capital Corporation (Nasdaq:GLAD) announced increased monthly cash distributions of $0.07 per share for October, November, and December 2022. Total distributions for the quarter amount to $0.21 per share.

The company will report its fourth fiscal quarter earnings on November 14, 2022, with a conference call scheduled for November 15 to discuss results. Investors can expect a dividend reinvestment plan for common stockholders. Additional details can be found on their website.

Gladstone Capital Corporation (NASDAQ:GLAD) has successfully completed a debt investment to support Salt & Straw, a popular ice cream brand, through collaborations with Enlightened Hospitality Investments and KarpReilly. The investment aims to facilitate Salt & Straw's expansion across the U.S., enhancing its delivery and e-commerce operations. Founded in 2011, Salt & Straw is recognized for its unique flavors and community connection. The partnership is expected to bolster the company’s growth trajectory, as expressed by executives from both Gladstone and Salt & Straw.

Gladstone Capital Corporation (NASDAQ:GLAD) has partnered with private equity firm Burlington Capital Partners to acquire Sokol & Company, a leading wet-fill manufacturer in the U.S. food ingredients sector. Founded in 1895, Sokol offers a diverse range of products including sauces and nut butters, catering to a $30B annual market. The investment aims to enhance Sokol's growth through expanded manufacturing capabilities. Gladstone provided both debt financing and equity co-investment to support this management-led buyout, which preserves Sokol's legacy while driving innovation in response to market demands.

Gladstone Capital Corporation (Nasdaq:GLAD) reported its earnings for the third fiscal quarter ending June 30, 2022, showcasing total investment income of $13.8 million, a 20.1% decline from the previous quarter. Net investment income also dropped 20.1% to $6.9 million. Cash distribution per share remained stable at $0.2025, with net realized losses at $8.1 million. The company's net asset value decreased to $312.9 million, translating to $9.12 per share, primarily due to market adjustments. Total investments reached a new high of $586.5 million.