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) 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.
Gladstone Capital Corporation (Nasdaq:GLAD) reported its fourth quarter and fiscal year earnings for the period ending September 30, 2020. The Company achieved total investment income of $12.6 million, up 7.2% from the previous quarter. Net investment income remained steady at $6.1 million, or $0.195 per share. Total expenses increased by 14.5% quarter-over-quarter. The net increase in net assets from operations was $10.2 million, a decline of 31.5% from the prior quarter. The net asset value per share increased by 1.8% to $7.40. For the fiscal year, net loss was $1.9 million compared to a gain of $19.9 million last year.
Gladstone Capital Corporation (Nasdaq: GLAD) will hold its Fourth Quarter earnings call on November 11, 2020, at 8:30 a.m. EST. Investors can join via webcast or phone. A replay will be available one hour post-call until November 18, 2020. As a business development company, Gladstone primarily invests in secured loans targeting lower middle-market businesses in the U.S. For further details, visit www.gladstonecapital.com.
Gladstone Capital Corporation (NASDAQ:GLAD) announced the appointment of Mike McQuigg as Executive Vice President and Senior Managing Director. McQuigg has been with the company since April 2015, playing a key role in managing lower middle market debt investments. Prior to his tenure at Gladstone, he held significant positions at Deerpath Capital and H.I.G. Capital. His leadership is expected to enhance the company's asset growth and profitability, as noted by Chairman David Gladstone and President Bob Marcotte.
Gladstone Capital Corporation (NASDAQ:GLAD) declared monthly cash distributions of $0.065 per share for October, November, and December 2020, totaling $0.195 for the quarter. Payment dates are set for October 30, November 30, and December 31. The Company plans to release earnings for the fiscal year ending September 30, 2020, on November 10, with a conference call on November 11 at 8:30 a.m. EST. Investors can access the call live or via replay afterward.