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.
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Gladstone Capital Corporation (Nasdaq:GLAD) has announced an increase in monthly cash distributions, raising the amount from $0.075 to $0.08 per share for April, May, and June 2023. This represents a 6.7% increase in distribution rates. The distributions are scheduled as follows:
- April 21 (Record Date) - April 28 (Payment Date) - $0.08
- May 23 - May 31 - $0.08
- June 21 - June 30 - $0.08
The total distribution for the quarter amounts to $0.24. Additionally, the Company is set to report its earnings for the second fiscal quarter on May 2, 2023, followed by a conference call on May 3, 2023. Investors can participate in the call by dialing (866) 424-3437.
Gladstone Capital Corporation (Nasdaq:GLAD) reported a 21.0% increase in total investment income for Q1 FY2023, totaling $19.3 million, compared to the previous quarter. Net investment income rose 16.7% to $8.7 million or $0.25 per share, covering distributions paid of $0.21 by 119%. The company's debt-to-equity ratio improved to 97.2%, and it issued 1,079,806 shares at a weighted average price of $9.93, generating $10.5 million in net proceeds. However, total expenses increased 24.9% due to higher management fees and interest expenses.
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.