Summary
1G7 Chart
Gladstone Capital: Premium Has Come Down But Still Not A Buy
GLAD's valuation has decreased but remains relatively high, with a 17.38% premium to NAV, making it still expensive despite recent price declines. The current dividend yield is 7.9%, but the low coverage rate of 101% raises concerns about its sustainability in a high-interest rate environment. Non-accruals have slightly increased to 7.5% of cost, indicating some portfolio stress, and GLAD underperforms peers with lower non-accrual rates.
Gladstone Capital: What To Look For Ahead Of Earnings
Gladstone Capital's improving internal risk ratings and low PIK income are positives, but rising non-accruals and barely covered dividends pose significant risks. The BDC's portfolio quality has improved, but the weakened US economic outlook and potential global trade war impacts remain concerns. Despite the dividend being covered by net investment income, the low coverage ratio and 18% premium to NAV make GLAD a hold, not a buy.
Gladstone Capital (GLAD) Q2 Earnings Match Estimates
Gladstone Capital (GLAD) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.25 per share a year ago.
Gladstone Capital Corp Dividends
 GLAD In 2 weeks Announced | Monthly | $0.17 Per Share |
| GLAD 1 weeks ago Paid | Monthly | $0.17 Per Share |
| GLAD 1 month ago Paid | Monthly | $0.17 Per Share |
| GLAD 2 months ago Paid | Monthly | $0.17 Per Share |
| GLAD 3 months ago Paid | Monthly | $0.17 Per Share |
Gladstone Capital Corp Earnings
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 3 Feb 2025 Date | | 0.53 Cons. EPS | 0.5 EPS |
| 12 Nov 2024 Date | | 0.53 Cons. EPS | 0.5 EPS |
| 7 Aug 2024 Date | | 0.53 Cons. EPS | 0.57 EPS |
| 24 Jul 2024 Date | | 0.53 Cons. EPS | - EPS |
| GLAD In 2 weeks Announced | Monthly | $0.17 Per Share |
| GLAD 1 weeks ago Paid | Monthly | $0.17 Per Share |
| GLAD 1 month ago Paid | Monthly | $0.17 Per Share |
| GLAD 2 months ago Paid | Monthly | $0.17 Per Share |
| GLAD 3 months ago Paid | Monthly | $0.17 Per Share |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 3 Feb 2025 Date | | 0.53 Cons. EPS | 0.5 EPS |
| 12 Nov 2024 Date | | 0.53 Cons. EPS | 0.5 EPS |
| 7 Aug 2024 Date | | 0.53 Cons. EPS | 0.57 EPS |
| 24 Jul 2024 Date | | 0.53 Cons. EPS | - EPS |
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Gladstone Capital Corp Profile
| XMUN Exchange | US Country |
Overview
Gladstone Capital Corporation operates as a pivotal entity within the financial sector, primarily focusing on the lower middle market tier. It has carved out a unique niche for itself by specializing in a wide array of financial operations, including growth capital provision, facilitating acquisitions, steering change of control scenarios, and orchestrating buy & build strategies. Additionally, the corporation has a strong foothold in debt refinancing and offers a comprehensive suite of debt investment options. It holds the status of a business development company and extends its financial expertise across various sectors. Gladstone Capital's investment approach is designed to be industry-agnostic, thereby offering versatile financial solutions to a broad spectrum of small and medium-sized enterprises within the United States. With an investment range between $7 million and $30 million, it targets companies boasting sales figures ranging from $20 million to $150 million and EBITDA between $3 million and $25 million. The corporation's strategic investment exits hinge on acquisitions, initial public offerings, or other capital market transactions, ensuring versatility and adaptability in its financial undertakings.
Products and Services
- Debt Investments
Includes senior term loans, revolving loans, first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans. These products are tailored to assist companies in refinancing existing debts or supporting their growth and operational needs through flexible financial solutions.
- Equity Investments
Comprises investments in the forms of common stock, preferred stock, limited liability company interests, or warrants. These equity solutions aim at facilitating company growth, supporting acquisitions, buyouts, recapitalizations, and refinancing, thereby fostering the long-term development and expansion of the companies.
- Private Equity Investments
Focuses on acquisitions, buyouts, recapitalizations, and the refinancing of existing debts. Gladstone Capital employs private equity investments as a versatile tool to inject capital into companies for immediate financial needs or long-term strategic objectives, often leading to significant transformations within the target companies.
Contact Information
