Gladstone Capital Corporation (GLAD)
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 a higher share of first-lien debt investments and lower non-accruals than a close peer. As a result, its dividend has better coverage. Nevertheless, the Company remains exposed to market-driven risk factors such as potential recession (rising non-accruals) and interest rate cuts (worse dividend coverage).
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 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.
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, which has helped them capitalize on higher interest rates. However, interest rates may get cut and negatively impact earnings. GLAD's Q3 earnings showed a 14% increase in net investment income.
Gladstone Capital (GLAD) Upgraded to Buy: Here's Why
Gladstone Capital (GLAD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
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 Secretary Bob Marcotte - President Nicole Schaltenbrand - Chief Financial Officer and Treasurer Conference Call Participants Robert Dodd - Raymond James Operator Greetings, and welcome to the Gladstone Capital Corporation Third Quarter Earnings Call. At this time, all participants are in a listen-only mode.
Compared to Estimates, Gladstone Capital (GLAD) Q3 Earnings: A Look at Key Metrics
The headline numbers for Gladstone Capital (GLAD) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Gladstone Capital (GLAD) Surpasses Q3 Earnings and Revenue Estimates
Gladstone Capital (GLAD) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.62 per share a year ago.
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 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 and the Investors section of the Company's website at www.GladstoneCapital.com.
Gladstone Capital Corporation Earnings Call and Webcast Information
MCLEAN, VA / ACCESSWIRE / August 6, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) announces the following event: What: Gladstone Capital Corporation's Third Fiscal Quarter ended June 30, 2024Earnings Call & Webcast When: Thursday, August 8, 2024 @ 8:30 a.m. Eastern Time Website: Click Here How: By webcast -- Log on to the web at the address above By phone -- Please call (866) 424-3437 Contact: Gladstone Capital Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through August 15, 2024.
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 July, August and September 2024 and also announced its plan to report earnings for its third fiscal quarter ended June 30, 2024. Cash Distributions: Common Stock: $0.165 per share of common stock for each of July, August and September 2024, payable per the table below.
