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Gladstone Investment -1.2% after NII comes in light

Oct. 28, 2014 8:08 PM ETGladstone Investment (GAIN)GAINBy: Stephen Alpher, SA News Editor
 
  • FQ2 net investment income of $4.204M or $0.16 per share vs. $4.859M and $0.18 in FQ1. Quarterly distribution is $0.18.
  • Net increase in net assets from operations of $2.697M vs. $10.77M last quarter, amid a change in fair value of portfolio investments as quarter ended - $1.5M in unrealized depreciation vs. $5.9M in unrealized appreciation in the previous quarter.
  • Weighted average yield on interest-bearing investments of 12.6% unchanged.
  • Net asset value per share of $8.49 vs. $8.57 last quarter and this afternoon's close of $7.29.
  • Number of portfolio companies up two to 30. The company invested $21.9M in a combination of debt and equity in two new companies during quarter and another $7.4M in existing portfolio companies.
  • Conference call tomorrow at 8:30 ET
  • GAIN -1.2% AH
  • Previously: Gladstone Investment misses by $0.02, misses on revenue

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