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 / 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
MCLEAN, VA / ACCESSWIRE / September 16, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Nth Degree, Inc. ("Nth Degree") to Shamrock Capital. As a result of this transaction, Gladstone Investment realized a significant capital gain on its remaining equity position. Gladstone Investment originally acquired Nth Degree in 2015, sold a majority of its equity position in 2019, and subsequently invested additional equity and debt in 2023 to facilitate Nth Degree's acquisition of Exposition Holdings, LLC d/b/a Fern Exposition Services.Nth Degree, headquartered in Duluth, GA, is a market-leading provider of exhibit manag
MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party. Ms. Gorka previously served as a Senior Policy Advisor in the Office of Policy at the U.S. Department of Homeland Security from 2017 until 2020. In 2020, Ms. Gorka served as Press Secretary for U.S. Customs and Border Protection, and from 2020 to 2022 she se
MCLEAN, VA / ACCESSWIRE / August 5, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its first fiscal quarter ended June 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)): June 30,2024 March 31,2024 $Change %Change For the quarter ended: Total investment income $22,178 $23,648 $(1,470) (6.2)% Total expenses, net(A) 9,764
MCLEAN, VA / ACCESSWIRE / August 5, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today that it has increased its investment of debt support of its equity position in Nocturne Luxury Villas ("Nocturne"), an existing portfolio company, through its acquisition of Grand Cayman Villas and Condos ("GCVC"), a leading villa rental management company operating in Grand Cayman. Gladstone Investment invested $18.5 million of secured first lien debt to complete the transaction.Founded in 2006 by Cayman property owner Jim Leavitt, GCVC manages and markets for rent more than 180 exclusive properties and condos in Grand Cayman. GCVC's villas and condos stretch fr
MCLEAN, VA / ACCESSWIRE / August 1, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) announces the following event:What:Gladstone Investment Corporation's First Fiscal Quarter Ended June 30, 2024Earnings Call & Webcast When:Tuesday, August 6, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=v7ahNI9M 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 August 13, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference
MCLEAN, VA / ACCESSWIRE / July 9, 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 first fiscal quarter ended June 30, 2024.Common Stock: $0.08 per share of common stock for each of July, August and September 2024 payable per the table below.Record DatePayment Date Cash Distribution July 22July 31 $0.08 August 21August 30 $0.08 September 20September 30 $0.08 Total for the Quarter: $0.24 The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more informatio
MCLEAN, VA / ACCESSWIRE / May 8, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its fourth quarter and fiscal year ended March 31, 2024. Please read the Company's Annual Report on Form 10-K, 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)): March 31,2024 December 31,2023 $Change %Change For the quarter ended: Total investment income $23,648 $23,081 $567 2.5%Total expenses, net(A) 18,32
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
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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
MCLEAN, VA / ACCESSWIRE / September 16, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) ("Gladstone Investment") announced today the sale of its portfolio company Nth Degree, Inc. ("Nth Degree") to Shamrock Capital. As a result of this transaction, Gladstone Investment realized a significant capital gain on its remaining equity position. Gladstone Investment originally acquired Nth Degree in 2015, sold a majority of its equity position in 2019, and subsequently invested additional equity and debt in 2023 to facilitate Nth Degree's acquisition of Exposition Holdings, LLC d/b/a Fern Exposition Services.Nth Degree, headquartered in Duluth, GA, is a market-leading provider of exhibit manag
MCLEAN, VA / ACCESSWIRE / August 5, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its first fiscal quarter ended June 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)): June 30,2024 March 31,2024 $Change %Change For the quarter ended: Total investment income $22,178 $23,648 $(1,470) (6.2)% Total expenses, net(A) 9,764
MCLEAN, VA / ACCESSWIRE / August 1, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) announces the following event:What:Gladstone Investment Corporation's First Fiscal Quarter Ended June 30, 2024Earnings Call & Webcast When:Tuesday, August 6, 2024 @ 8:30 a.m. ET Where:https://event.choruscall.com/mediaframe/webcast.html?webcastid=v7ahNI9M 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 August 13, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference
MCLEAN, VA / ACCESSWIRE / July 9, 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 first fiscal quarter ended June 30, 2024.Common Stock: $0.08 per share of common stock for each of July, August and September 2024 payable per the table below.Record DatePayment Date Cash Distribution July 22July 31 $0.08 August 21August 30 $0.08 September 20September 30 $0.08 Total for the Quarter: $0.24 The Company offers a dividend reinvestment plan (the "DRIP") to its common stockholders. For more informatio
MCLEAN, VA / ACCESSWIRE / May 8, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its fourth quarter and fiscal year ended March 31, 2024. Please read the Company's Annual Report on Form 10-K, 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)): March 31,2024 December 31,2023 $Change %Change For the quarter ended: Total investment income $23,648 $23,081 $567 2.5%Total expenses, net(A) 18,32
MCLEAN, VA / ACCESSWIRE / May 7, 2024 / Gladstone Investment Corporation (NASDAQ:GAIN) announces the following event:What: Gladstone Investment Corporation's Fourth Fiscal Quarter Ended March 31, 2024 Earnings Call & Webcast When: Thursday, May 9, 2024 @ 8:30 a.m. ET Where: https://event.choruscall.com/mediaframe/webcast.html?webcastid=lL3dyLZe 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 May 16, 2024. To hear the replay, please dial (877) 660-6853 and use playback conf
MCLEAN, VA / ACCESSWIRE / April 9, 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 fourth fiscal quarter and year ended March 31, 2024.Common Stock: $0.08 per share of common stock for each of April, May and June 2024 payable per the table below.RecordDatePaymentDateCashDistributionApril 19April 30$0.08May 17May 31$0.08June 19June 28$0.08Total for the Quarter:$0.24For the fiscal year ended March 31, 2024, the Company paid an aggregate of $0.96 per share in regular monthly cash distributions t
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
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout. Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector. Valley National Bancorp (NASDAQ:VLY) Dividend Yield: 5.99% Wedbush analyst David Chiaverini reiterated a Neutral rating with a pri
B. Riley Securities analyst Bryce Rowe reiterates Gladstone Inv (NASDAQ:GAIN) with a Neutral and raises the price target from $13.5 to $14.
Ladenburg Thalmann analyst Mickey Schleien downgrades Gladstone Inv (NASDAQ:GAIN) from Buy to Neutral and maintains the price target from $14 to $14.
Gladstone Inv (NASDAQ:GAIN) reported quarterly earnings of $0.24 per share which missed the analyst consensus estimate of $0.26 by 7.69 percent. The company reported quarterly sales of $23.648 million which beat the analyst consensus estimate of $23.151 million by 2.15 percent. This is a 19.09 percent increase over sales of $19.857 million the same period last year.
Gladstone Inv (NASDAQ:GAIN) reported its Q3 earnings results on Tuesday, February 6, 2024 at 04:15 PM. Here's what investors need to know about the announcement. Earnings Gladstone Inv missed estimated earnings by 3.7%, reporting an EPS of $0.26 versus an estimate of $0.27. Revenue was up $1.49 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.02 which was followed by a 4.08% increase in the share price the next day. Here's a look at Gladstone Inv's past performance: Quarter Q2 2024 Q1 2024 Q4 2023 Q3 2023 EPS Estimate 0.26 0.27 0.26 0.26 EPS Actual 0.24 0.25 0.26 0.30 Revenue Estimate 22.50M 20.19M 20.08M 19.99M Reven
Gladstone Inv (NASDAQ:GAIN) reported quarterly earnings of $0.26 per share which missed the analyst consensus estimate of $0.27 by 3.7 percent. This is a 13.33 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $23.08 million which missed the analyst consensus estimate of $23.82 million by 3.10 percent. This is a 6.89 percent increase over sales of $21.59 million the same period last year.
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Gladstone Inv (NASDAQ:GAIN) is set to give its latest quarterly earnings report on Tuesday, 2024-02-06. Here's what investors need to know before the announcement. Analysts estimate that Gladstone Inv will report an earnings per share (EPS) of $0.27. Gladstone Inv bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Historical Earnings Performance Last quarter the company missed EPS by $0.02, which was followed by a 4.08% increase in
In the current session, the stock is trading at $14.43, after a 0.07% spike. Over the past month, Gladstone Inv Inc. (NASDAQ:GAIN) stock increased by 1.16%, and in the past year, by 7.48%. With performance like this, long-term shareholders are optimistic but others are more likely to look into the price-to-earnings ratio to see if the stock might be overvalued. Comparing Gladstone Inv P/E Against Its Peers The P/E ratio is used by long-term shareholders to assess the company's market performance against aggregate market data, historical earnings, and the industry at large. A lower P/E could indicate that shareholders do not expect the stock to perform better in the future or it could mean t
Friday marks the last chance for investors to receive the next dividend payout from Gladstone Inv (NASDAQ:GAIN). What's Happening The company announced on Tuesday that it would pay shareholders a monthly dividend of 8 cents per share. On Monday, Gladstone Inv will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 8 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Monday. Shareholders who own GAIN as of the end of Friday's session are eligible to receive the 8 cents dividend payout for
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