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 (NASDAQ: GLAD) is a publicly traded business development company that regularly issues detailed updates on its investment activities, financing transactions, and stockholder distributions. Company news frequently highlights its focus on secured first and second lien term loans to lower middle market businesses in the United States, along with selected equity investments that support its income and capital appreciation objectives.
News coverage for GLAD often includes quarterly and annual earnings announcements, where the company reports total investment income, expenses, net investment income, realized and unrealized gains or losses, and changes in net asset value per common share. These releases typically summarize portfolio activity, such as investments in new portfolio companies, additional funding to existing portfolio companies, and subsequent events that affect the investment portfolio.
Investors can also follow announcements about monthly cash distributions on common stock and 6.25% Series A Cumulative Redeemable Preferred Stock, including record dates, payment dates, and per-share distribution amounts. Press releases frequently mention the availability of a dividend reinvestment plan (DRIP) for common stockholders, reflecting how distributions can be reinvested into additional shares.
Another recurring theme in Gladstone Capital’s news is its capital markets and financing activity, such as amendments to its credit facility with KeyBank National Association and other lenders, offerings of convertible notes due 2030, and the planned redemption of previously issued notes due 2026 and 2028. These items provide insight into how the company manages its funding and balance sheet in support of its lower middle market investment strategy.
For readers tracking GLAD, the news stream offers a consolidated view of earnings results, distribution decisions, portfolio developments, and financing actions, helping them understand how the company executes its stated objectives over time.
Gladstone Capital Corporation (Nasdaq: GLAD) announced a significant investment in WB Xcel Holdings, LLC, a renowned global surf brand. This investment involves a senior debt and minority equity stake, enhancing Xcel's balance sheet flexibility and fueling growth initiatives, including international expansion. Xcel's leadership expressed enthusiasm for the partnership, highlighting the flexible capital solution provided by Gladstone. Gladstone Capital focuses on investing in lower middle-market businesses, primarily through secured loans.
Gladstone Capital Corporation (NASDAQ:GLAD) reported its Q4 and fiscal year results for the period ending September 30, 2021. Total investment income increased by 5.1% to $14.4 million, with net investment income rising 3.6% to $6.8 million. The net asset value per share increased by 8.9% to $9.28. The company experienced significant net unrealized appreciation of $26 million, while total investments at fair value reached $557.6 million, up 10.1%. However, total repayments and net proceeds dropped significantly by 94.9%. A private placement of $50 million in notes was completed in November 2021.
Gladstone Capital Corporation (Nasdaq: GLAD) will host its Fourth Quarter Earnings Call on November 16, 2021, at 8:30 a.m. EST. This call will cover results for the quarter ending September 30, 2021. Investors can participate via webcast or phone by calling (866) 424-3437. A replay will be available until November 23, 2021. As a business development company, Gladstone Capital primarily invests in secured first and second lien term loans to lower middle market businesses in the U.S.
Gladstone Capital Corporation (NASDAQ:GLAD) announced its investment in Engineering Manufacturing Technologies, LLC (EMT Metals) through a senior debt and minority equity stake, aiding in the company's management buyout. Since 2013, EMT Metals has increased its revenue nearly six-fold under CEO Jim Kirkwood's leadership, focusing on quality and customer service. Gladstone's involvement is expected to enhance EMT's growth initiatives and profitability through internal expansion and potential acquisitions, leveraging its advanced manufacturing capabilities.
Gladstone Capital Corporation (Nasdaq:GLAD) announced monthly cash distributions of $0.065 per share for October, November, and December 2021, totaling $0.195 for the quarter. The record dates for these distributions are October 22, November 19, and December 23, with payment dates on October 29, November 30, and December 31, respectively. Additionally, GLAD plans to report earnings for the fiscal year ended September 30, 2021, after market close on November 15, 2021, followed by a conference call on November 16 at 8:30 a.m. EST.
Gladstone Capital Corporation (NASDAQ:GLAD) announced plans to redeem all outstanding 5.375% Notes due 2024 on November 1, 2021. The redemption price is 100% of the $38,812,500 principal amount, plus accrued interest. Registered holders will receive a notice of redemption via U.S. Bank National Association. Following the redemption, the notes will be delisted from the Nasdaq Global Select Market. Forward-looking statements indicate potential uncertainties surrounding the completion of this transaction.
Gladstone Capital Corporation (Nasdaq:GLAD) reported its third fiscal quarter earnings for the period ending June 30, 2021. Total investment income increased to $13.7 million, up from $12.9 million in the prior quarter, driven by higher interest income. Net investment income rose by 3.2% to $6.6 million, or $0.195 per share. The net increase in net assets was $17.9 million with a net asset value per share of $8.52. The company maintains strong liquidity with over $130 million available under its credit facility.
Gladstone Capital Corporation (Nasdaq:GLAD) is set to hold its Third Fiscal Quarter Earnings Call on August 4, 2021, at 8:30 a.m. EDT. Investors can join the webcast through the provided link or by calling (866) 424-3437. A replay will be available until August 11, 2021. Gladstone Capital focuses on investing in debt and equity securities, primarily targeting lower middle market businesses in the U.S. Detailed information about the company’s activities is accessible on their website.
Gladstone Capital Corporation (NASDAQ:GLAD) declared monthly cash distributions of $0.065 per share for July, August, and September 2021, totaling $0.195 for the quarter. The record and payment dates are set for July 23 (payment on July 30), August 23 (payment on August 31), and September 22 (payment on September 30). Additionally, the company plans to report its earnings for the third fiscal quarter ended June 30, 2021, after market close on August 3, 2021, followed by a conference call on August 4 at 8:30 a.m. EDT.
Gladstone Capital Corporation (NASDAQ:GLAD) reported its second fiscal quarter earnings for the period ended March 31, 2021, showcasing total investment income of $12.9 million, a slight increase from the previous quarter. The net investment income was $6.4 million, or $0.195 per share, an increase of 1.9%. The company experienced a net increase in assets of $21.3 million, driven by $16.0 million in net appreciation. The net asset value per common share rose to $8.11, up 6.6% from December 31, 2020. The company maintains a conservative debt-to-equity ratio of 86.1% and reported significant liquidity with over $140 million available.