Gladstone Capital Corporation (GLAD)
| Market Cap | 611.39M |
| Revenue (ttm) | 96.62M |
| Net Income (ttm) | 94.51M |
| Shares Out | 22.33M |
| EPS (ttm) | 4.34 |
| PE Ratio | 6.31 |
| Forward PE | 13.44 |
| Dividend | $1.98 (7.24%) |
| Ex-Dividend Date | Dec 20, 2024 |
| Volume | 236,190 |
| Open | 27.30 |
| Previous Close | 27.49 |
| Day's Range | 27.16 - 28.13 |
| 52-Week Range | 19.20 - 28.40 |
| Beta | 1.28 |
| Analysts | Hold |
| Price Target | 23.00 (-16.0%) |
| Earnings Date | Feb 3, 2025 |
About GLAD
Gladstone Capital Corporation is a business development company specializing in lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. It operates as a business development comp... [Read more]
Financial Performance
In 2024, Gladstone Capital's revenue was $96.62 million, an increase of 11.79% compared to the previous year's $86.43 million. Earnings were $94.51 million, an increase of 121.49%.
Financial StatementsAnalyst Forecast
According to one analyst, the rating for GLAD stock is "Hold" and the 12-month stock price forecast is $23.0.
News
5 BDCs With High Dividend Resistance To Falling Interest Rates
The financial outlook for many BDCs is not promising. Already lower base rates will continue to depress results in Q4 reports. The trajectory for SOFR is not great either.
Gladstone Capital's Dividend Coverage May Be In Trouble
Gladstone Capital focuses on providing alternative financing to US lower middle-market companies, with a portfolio heavily concentrated in debt investments. Despite recent interest rate cuts, GLAD's n...
Gladstone Capital Announces Retirement of Chief Operating Officer Terry Lee Brubaker
MCLEAN, VA / ACCESSWIRE / November 15, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") announced that Terry Lee Brubaker will be retiring as Chief Operating Officer of the Company e...
Gladstone Capital (GLAD) Q3 2024 Earnings Conference Call Transcript
Gladstone Capital (NASDAQ:GLAD) Q3 2024 Earnings Conference Call November 14, 2024 8:30 AM ET Company Participants David Gladstone - CEO Michael LiCalsi - General Counsel and Secretary Bob Marcotte -...
Gladstone Capital: Q4 Reveals Weakened Dividend Coverage
I maintain a hold rating on Gladstone Capital due to a weaker distribution coverage, lack of non-accrual improvements, and premium price valuation. Gladstone's portfolio strategy focuses on senior sec...
Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2024
MCLEAN, VA / ACCESSWIRE / November 13, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its fourth quarter and fiscal year ended September 30, 2024. Plea...
Gladstone Capital Announces $0.40 Supplemental Cash Distribution to Common Stockholders
MCLEAN, VA / ACCESSWIRE / November 12, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") announced today that its board of directors declared the following additional supplemental cas...
Gladstone Capital Corporation Earnings Call and Webcast Information
MCLEAN, VA / ACCESSWIRE / November 12, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) announces the following event: What: Gladstone Capital Corporation's Fourth Fiscal Quarter ended September 30,...
Gladstone Capital Corporation Exits its Investment in Antenna Research Associates, Inc.
MCLEAN, VA / ACCESSWIRE / November 4, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) ("Gladstone Capital") announced today the sale of its equity interest and the prepayment of its debt investment...
Gladstone Securities Expands National Accounts Department
MCLEAN, VA / ACCESSWIRE / November 1, 2024 / Gladstone Securities LLC, an affiliated broker-dealer of The Gladstone Companies that acts as dealer manager on alternative investment offerings for certai...
Gladstone Capital Announces Monthly Cash Distributions for October, November and December 2024 and Conference Call Date
MCLEAN, VA / ACCESSWIRE / October 8, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions fo...
Gladstone Securities Hires East and West Region Wholesalers
MCLEAN, VA / ACCESSWIRE / October 7, 2024 / Gladstone Securities LLC ("Company"), an affiliated broker-dealer of The Gladstone Companies, that acts as dealer manager on alternative investment offering...
2 Monthly Dividends I Will Be Buying After The Interest Rate Cut
The Fed is about to cut interest rates, which should start pushing down the overall yield levels. While this will render a less interesting environment for dividend investors to pick securities, there...
Gladstone Capital: 9% Yield, Improving Coverage, 1.12x NAV
Gladstone Capital offers a covered 9% yield, paid monthly, but trades at a 12% premium to NAV, suggesting it's fully valued. The BDC's portfolio is primarily in First and Second Lien debt, with a fair...
Gladstone Capital: Just Pause For Now
Gladstone Capital benefits from rising interest rates, but potential rate cuts could negatively impact its net investment income and dividend sustainability. Despite strong dividend coverage currently...
2 High Yield BDCs With One Of The Lowest Debt Profiles
The outlook for BDCs is not that bright, especially for those names that have chosen risk-seeking strategies. The headwinds include lower interest rates, increased corporate distress, and inactive M&A...
Gladstone Capital Is Better Prepared Than Its Affiliated Fund
Gladstone Capital is a relatively small BDC focusing on US lower middle market companies through debt and equity investments. Target entities have EBITDA ranging from $3m to $25m. GLAD's portfolio has...
Gladstone Capital Corporation Announces Election of Katharine Cornell Gorka as Director
MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the C...
Gladstone Capital: Solid Distribution Coverage But Rising Non-Accruals (Rating Downgrade)
Gladstone Capital operates as a business development company that focuses on making debt investments to middle market companies. GLAD's portfolio strategy has exposure to 94% floating rate investments...
Gladstone Capital Announces Financing To Support RPM
MCLEAN, VA / ACCESSWIRE / August 14, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) ("Gladstone Capital" or "Gladstone") is pleased to announce the completion of a junior debt facility in support ...
Gladstone Capital (GLAD) Q3 2024 Earnings Call Transcript
Gladstone Capital (NASDAQ:GLAD) Q3 2024 Earnings Conference Call August 8, 2024 8:30 AM ET Company Participants David Gladstone - Chief Executive Officer Michael LiCalsi - General Counsel and Secreta...
Gladstone Capital Corporation Reports Financial Results for its Third Quarter Ended June 30, 2024
MCLEAN, VA / ACCESSWIRE / August 7, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its third fiscal quarter ended June 30, 2024. Please read the Compan...
Opportunities In Income Securities That Have Lagged The Rally
Income assets and financial markets have surged, with only local EM debt in the red year-to-date, due to dollar strength. Our countercyclical approach has led to the culling of high-flyers like BDC Gl...
BDC Weekly Review: Early Earnings Guidance Is Bullish For The Sector
We take a look at the action in business development companies through the second week of July and highlight some of the key themes we are watching. BDCs had a solid week with an 0.8% average total re...
Gladstone Capital Announces Monthly Cash Distributions for July, August and September 2024 and Conference Call Date
MCLEAN, VA / ACCESSWIRE / July 9, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for J...