Gladstone Investment Corporation specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business services/ distribution sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with sales between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.
IPO Year: 2005
Exchange: NASDAQ
Website: gladstoneinvestment.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/2/2023 | Perform → Outperform | Oppenheimer | |
| 12/12/2022 | $12.00 | Buy | B. Riley Securities |
| 11/2/2022 | Neutral → Buy | Ladenburg Thalmann | |
| 7/12/2022 | $13.50 | Neutral | Janney |
MCLEAN, VA / ACCESSWIRE / January 14, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its third fiscal quarter ended December 31, 2024.Common Stock: $0.08 per share of common stock for each January, February and March 2025 payable per the table below.Record DatePayment Date Cash Distribution January 24January 31 $0.08 February 19February 28 $0.08 March 19March 31 $0.08 Total for the Quarter: $0.24 The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more in
WASHINGTON, Jan. 8, 2025 /PRNewswire/ -- Proteus Enterprises ("Proteus"), a Maryland-based Aerospace, Defense and Government Services holding company, today announced that it acquired Ricardo Defense, Inc. ("Ricardo Defense" or the "Company") in partnership with Gladstone Investment Corporation (NASDAQ:GAIN). Financial terms were not disclosed. Headquartered in Troy, MI, with operations in California, Texas, Alabama, and overseas, Ricardo is an industry leader working to develop engineering and product solutions for US Army vehicle and logistics programs. Pierre Chao and Greg
MCLEAN, VA / ACCESSWIRE / January 2, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively, "RDI"), along with Proteus Enterprises LLC. Gladstone Investment provided equity and senior secured debt to complete the transaction.RDI, based in Troy, Michigan, is an engineering services and systems integration firm focused on helping Department of Defense customers solve technical hurdles to modernizing, managing, and maintaining the fleet. "We are looking forward to working with Proteus, President Chet Gryczan and the team at RDI to build on the company's establi
MCLEAN, VA / ACCESSWIRE / December 20, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Nielsen-Kellerman, Inc. ("Nielsen-Kellerman" or the "Company") on December 19, 2024. This transaction was executed in collaboration with Nielsen-Kellerman's executive leadership team, with Gladstone Investment providing both equity capital and senior secured debt to facilitate the acquisition.Nielsen-Kellerman designs, manufactures, and distributes a wide range of rugged, waterproof environmental measurement and sports performance instruments. The Company's product line serves a broad spectrum of users, from outdoor enthusiasts and co
MCLEAN, VA / ACCESSWIRE / December 19, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today that on December 13, 2024, it, along with Proteus Enterprises LLC, signed a definitive agreement to acquire Ricardo Defense, Inc. ("RDI").Final closing is anticipated for December 31, 2024, once all customary closing conditions have been satisfied. Gladstone Investment will provide equity and senior secured debt to complete the transaction.RDI, based in Troy, Michigan, is an engineering services and systems integration firm focused on helping Department of Defense customers solve technical hurdles to modernizing, managing, and maintaining the fleet. "We are lo
MCLEAN, VA / ACCESSWIRE / December 10, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced that it priced a public offering of $110.0 million aggregate principal amount of 7.875% Notes due 2030 (the "Notes") on December 10, 2024. The Notes will mature on February 1, 2030 and may be redeemed in whole or in part at any time or from time to time at the Company's option on or after February 1, 2027. The Notes will bear interest at a rate of 7.875% per year payable quarterly on February 1, May 1, August 1 and November 1 of each year, beginning February 1, 2025. The Company also granted the underwriters a 30-day option to purchase up to an additional $16.5 million
MCLEAN, VA / ACCESSWIRE / December 9, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced that it plans to make a public offering of Notes due 2030 (the "Notes"). The Company expects to list the Notes on the Nasdaq Global Select Market under the trading symbol "GAINI" within 30 days of issuance. Oppenheimer & Co. Inc., B. Riley Securities, Inc., Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for this offering. InspereX LLC, Janney Montgomery Scott LLC and Wedbush Securities Inc. are acting as co-managers for this offering.The Company intends to repay a portion of the amount outstanding under its revolving credit
MCLEAN, VA / ACCESSWIRE / November 25, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today that on November 22, 2024, it partnered with Scott Dunlop and the company's executive management in the acquisition of Pyrotek Special Effects, Inc. ("Pyrotek"). Gladstone Investment provided equity and senior secured debt to complete the transaction. Scott Dunlop is the long-time President and CEO of Pyrotek and will remain in these roles.Pyrotek is a leading provider of special effects services and solutions for the live entertainment industry with a full range of special effects offerings, creative and technical design services, permitting and logistics sup
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024. Following Mr. Brubaker's departure, Michael LiCalsi, the Company's General Counsel and Secretary, who also serves as Gladstone Administration's President, General Counsel an
MCLEAN, VA / ACCESSWIRE / November 7, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its second fiscal quarter ended September 30, 2024. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): September 30,2024 June 30,2024 $Change %Change For the quarter ended: Total investment income $22,565 $22,178 $387 1.7%Total expenses, net(A) 15
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MCLEAN, VA / ACCESSWIRE / January 14, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its third fiscal quarter ended December 31, 2024.Common Stock: $0.08 per share of common stock for each January, February and March 2025 payable per the table below.Record DatePayment Date Cash Distribution January 24January 31 $0.08 February 19February 28 $0.08 March 19March 31 $0.08 Total for the Quarter: $0.24 The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more in
MCLEAN, VA / ACCESSWIRE / January 2, 2025 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Ricardo Defense Systems, LLC and Ricardo Defense, Inc. (collectively, "RDI"), along with Proteus Enterprises LLC. Gladstone Investment provided equity and senior secured debt to complete the transaction.RDI, based in Troy, Michigan, is an engineering services and systems integration firm focused on helping Department of Defense customers solve technical hurdles to modernizing, managing, and maintaining the fleet. "We are looking forward to working with Proteus, President Chet Gryczan and the team at RDI to build on the company's establi
MCLEAN, VA / ACCESSWIRE / December 20, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") is pleased to announce its acquisition of Nielsen-Kellerman, Inc. ("Nielsen-Kellerman" or the "Company") on December 19, 2024. This transaction was executed in collaboration with Nielsen-Kellerman's executive leadership team, with Gladstone Investment providing both equity capital and senior secured debt to facilitate the acquisition.Nielsen-Kellerman designs, manufactures, and distributes a wide range of rugged, waterproof environmental measurement and sports performance instruments. The Company's product line serves a broad spectrum of users, from outdoor enthusiasts and co
MCLEAN, VA / ACCESSWIRE / December 19, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today that on December 13, 2024, it, along with Proteus Enterprises LLC, signed a definitive agreement to acquire Ricardo Defense, Inc. ("RDI").Final closing is anticipated for December 31, 2024, once all customary closing conditions have been satisfied. Gladstone Investment will provide equity and senior secured debt to complete the transaction.RDI, based in Troy, Michigan, is an engineering services and systems integration firm focused on helping Department of Defense customers solve technical hurdles to modernizing, managing, and maintaining the fleet. "We are lo
MCLEAN, VA / ACCESSWIRE / November 25, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today that on November 22, 2024, it partnered with Scott Dunlop and the company's executive management in the acquisition of Pyrotek Special Effects, Inc. ("Pyrotek"). Gladstone Investment provided equity and senior secured debt to complete the transaction. Scott Dunlop is the long-time President and CEO of Pyrotek and will remain in these roles.Pyrotek is a leading provider of special effects services and solutions for the live entertainment industry with a full range of special effects offerings, creative and technical design services, permitting and logistics sup
MCLEAN, VA / ACCESSWIRE / November 7, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its second fiscal quarter ended September 30, 2024. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): September 30,2024 June 30,2024 $Change %Change For the quarter ended: Total investment income $22,565 $22,178 $387 1.7%Total expenses, net(A) 15
MCLEAN, VA / ACCESSWIRE / November 6, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) announces the following event:What:Gladstone Investment Corporation's Second Fiscal Quarter Ended September 30, 2024 Earnings Call & Webcast When:Friday, November 8, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=3gWJXuCn How:By webcast -- Log on to the web at the address above By phone -- please call (866) 424-3437 Contact:Gladstone Investment Corporation, (703) 287-5893 A conference call replay will be available beginning one hour after the call and will be accessible through November 15, 2024. To hear the replay, please dial (877) 660-6853 and use playback
MCLEAN, VA / ACCESSWIRE / October 8, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to common stockholders. The Company also announced its plan to report earnings for its second fiscal quarter ended September 30, 2024.Common Stock: $0.08 per share of common stock for each October, November and December 2024 payable per the table below.Record DatePayment DateCash DistributionOctober 22October 31$0.08November 20November 29$0.08December 20December 31$0.08Total for the Quarter:$0.24The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more in
MCLEAN, VA / ACCESSWIRE / September 26, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that as a result of the October 14, 2024 federal holiday the Company's transfer agent will distribute the payment of the supplemental distribution of $0.70 per share of common stock on Tuesday, October 15, 2024. The record date for the supplemental distribution remains unchanged.Common Stock: A supplemental distribution of $0.70 per share of common stock in October 2024 payable per the table below.Record DatePayment DateCash DistributionOctober 4, 2024October 15, 2024$0.70The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more
MCLEAN, VA / ACCESSWIRE / September 17, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced today that its board of directors declared the following additional supplemental cash distribution to common stockholders in October 2024.Common Stock: A supplemental distribution of $0.70 per share of common stock in October 2024 payable per the table below.Record DatePayment DateCash DistributionOctober 4, 2024October 14, 2024$0.70In September 2024, the Company exited its investment in Nth Degree, Inc., which resulted in a realized gain of $42.3 million and the repayment of its debt investment of $25.0 million at par."This supplemental distribution highlights the strength
Oppenheimer upgraded Gladstone Investments from Perform to Outperform
B. Riley Securities initiated coverage of Gladstone Investments with a rating of Buy and set a new price target of $12.00
Ladenburg Thalmann upgraded Gladstone Investments from Neutral to Buy
Janney initiated coverage of Gladstone Investments with a rating of Neutral and set a new price target of $13.50
Oppenheimer initiated coverage of Gladstone Investments with a rating of Perform
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WASHINGTON, Jan. 8, 2025 /PRNewswire/ -- Proteus Enterprises ("Proteus"), a Maryland-based Aerospace, Defense and Government Services holding company, today announced that it acquired Ricardo Defense, Inc. ("Ricardo Defense" or the "Company") in partnership with Gladstone Investment Corporation (NASDAQ:GAIN). Financial terms were not disclosed. Headquartered in Troy, MI, with operations in California, Texas, Alabama, and overseas, Ricardo is an industry leader working to develop engineering and product solutions for US Army vehicle and logistics programs. Pierre Chao and Greg
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024. Following Mr. Brubaker's departure, Michael LiCalsi, the Company's General Counsel and Secretary, who also serves as Gladstone Administration's President, General Counsel an
MCLEAN, VA / ACCESSWIRE / October 25, 2023 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") continued its support of portfolio company Specialized Fabrication Equipment Group LLC ("SFEG") with additional debt and equity capital to support its acquisition of CPMT Holdings Corp., and subsidiaries, including Climax Portable Machine Tools, Inc. (collectively, "Climax").Headquartered in Newberg, Oregon, Climax is a leading designer and manufacturer of portable machine tools, welding systems, and valve testing and repair systems. The products are used for non-discretionary, on-site, high-precision machining of critical infrastructure assets and equipment.SFEG designs and s
MCLEAN, VA / ACCESSWIRE / January 12, 2021 / Gladstone Investment Corporation (Nasdaq:GAIN) (the "Company") announced today that its board of directors declared the following monthly cash distributions to preferred and common stockholders. The Company also announced its plan to report earnings for its third fiscal quarter ended December 31, 2020. Common Stock: $0.07 per share of common stock for each of January, February, and March 2021, payable per the table below. Record Date Payment Date Cash Distribution January 22 January 29 $ 0.07 February 17 February 26 $ 0.07