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) 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.
Gladstone Capital Corporation (Nasdaq:GLAD) will host its Second Fiscal Quarter earnings call on May 5, 2021, at 8:30 a.m. EDT. The call will be accessible via webcast and phone, with a replay available until May 12, 2021. As a business development company, Gladstone Capital focuses on investing in secured loans for lower middle-market businesses in the U.S. For more information, visit www.gladstonecapital.com.
Gladstone Capital Corporation (NASDAQ:GLAD) has appointed James Mazza as a Director in Los Angeles, tasked with managing debt and co-equity investments and leading West Coast operations. Mazza brings over a dozen years of experience from Levine Leichtman Capital Partners and GE Capital, enhancing the company's investment capabilities in the lower middle market. His background includes responsibilities in originating and managing leveraged loans, aligning with Gladstone's investment strategy.
Gladstone Capital Corporation (NASDAQ:GLAD) declared monthly cash distributions of $0.065 per share for April, May, and June 2021, totaling $0.195 for the quarter. The record dates are April 23, May 19, and June 18, with payment dates on April 30, May 28, and June 30, respectively. Additionally, the company plans to report its earnings for the second fiscal quarter on May 4, 2021, after market close, and will hold a conference call on May 5, 2021, at 8:30 a.m. EDT to discuss the results.
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.