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Gladstone Capital (GLAD)

  • Wed, May 6, 5:02 PM
    • Gladstone Capital (NASDAQ:GLAD): Q1 NII of $0.18 misses by $0.02.
    • Total investment income of $9.22M (-1.2% Y/Y) misses by $0.34M.
    • Press Release
    | Comment!
  • Tue, Feb. 17, 8:38 AM
    • "United Flexible is a global leader in the design, development, manufacture and support of performance critical flexible engineered solutions for the transfer of fluids and gases in extreme environments," says Gladstone (NASDAQ:GLAD).
    • Gladstone's $25.5M or senior debt and equity is in support of Arlington Capital Partners' investment in United.
    • Source: Press Release
    | 1 Comment
  • Mon, Feb. 2, 4:57 PM
    • FQ1 net investment income of $3.691M or $0.18 per share vs. $4.410M and $0.21 the previous quarter. Quarterly payout is $0.21 per share.
    • Net increase in net assets resulting from operations of $331K vs. $23.004M a quarter earlier.
    • Weighted-average yield on investments of 11.5% down 10 basis points.
    • Net asset value of $9.31 per share down from $9.51. Today's close of $7.54 is a 19% discount to NAV.
    • Conference call tomorrow at 8:30 ET
    • GLAD flat after hours
  • Mon, Feb. 2, 4:20 PM
    • Gladstone Capital (NASDAQ:GLAD): FQ1 NII of $0.18 misses by $0.03.
    • Revenue of $8.72M (+3.9% Y/Y) beats by $0.06M.
    • Press Release
    | Comment!
  • Tue, Jan. 13, 4:48 PM
    • Gladstone Capital (NASDAQ:GLAD) declares $0.07/share monthly dividend, in line with previous.
    • Forward yield 10.16%
    • Payable Feb 3; for shareholders of record Jan 23; ex-div Jan 21.
    • Payable Feb 27; for shareholders of record Feb 18; ex-div Feb 13.
    • Payable Mar 31; for shareholders of record Mar 20; ex-div Mar 18.
    | Comment!
  • Fri, Jan. 9, 10:18 AM
    • Vision is a provider of land parcel management software technology and appraisal services to local governments. Gladstone (NASDAQ:GLAD) last month funded a credit line and senior term loan facility enabling for the refinancing of certain debt and future growth needs of the company.
    • Source: Press Release
    | Comment!
  • Dec. 22, 2014, 8:52 AM
    • Gladstone investment (NASDAQ:GAIN) made a $19.6M investment alongside B+T Group's management to recapitalize B+T Group. Affiliate Gladstone Capital (NASDAQ:GLAD) also invested $8.4M in the deal.
    • Headquartered in Tulsa and founded in 2000, B+T is a full-service provider of structural engineering, construction, and technical services to the wireless tower industry for tower upgrades and modifications.
    • Source: Press Release
    | Comment!
  • Dec. 11, 2014, 2:47 PM
    • President Robert Macrcotte purchased 13,700 shares at $8.70 each yesterday, boosting his stake in Gladstone Capital (GLAD -0.7%) to 109K shares.
    | Comment!
  • Dec. 8, 2014, 11:30 AM
    • A bellwether of sorts in the BDC sector, Prospect Capital (PSEC -6.2%) earlier announced a big dividend cut, and the suspension of its stock issuance program so long as the share price is so far south of book value.
    • Prospect has some of its own issues to deal with, but common across the sector is too much money chasing too few deals, and the resultant lower yields for lower quality lending.
    • Fifth Street Capital (FSC -2.9%), Triangle Capital (TCAP -6.1%), TICC Capital (TICC -2.2%), KCAP Financial (KCAP -1.7%), Medley Capital (MCC -2.3%) Gladstone (GLAD -3.6%), OHA Investment (OHAI -5%), Blackrock Kelso (BKCC -1.1%), Main Street Capital (MAIN -0.2%), PennantPark (PNNT -1.3%).
    • Previously: Prospect Capital suspends ATM stock issuance program as dividend is cut (Dec. 8, 2014)
  • Nov. 13, 2014, 8:07 AM
    • Q3 net investment income of $4.41M or $0.21 per share vs. $5.063M and $0.24 in Q2. Dividend is $0.21.
    • Net increase in net assets from operations of $23.004M vs. a decrease of $20.175M in Q2.
    • Net asset value per share of $9.51 down $0.30 from a year ago.
    • Total investments at fair value of $281.286M up 9.5% Y/Y. Number of portfolio companies of 45 down two from a year ago. Weighted average yield on interest-bearing investments of 11.6% up 10 basis points from Q2, flat from a year ago.
    • Conference call at 8:30 ET
    • Previously: Gladstone Capital reports FQ4 results
    • GLAD flat premarket
    | Comment!
  • Nov. 12, 2014, 4:35 PM
    • Gladstone Capital (NASDAQ:GLAD): FQ4 NII of $0.21 misses by $0.01.
    • Total Investment Income of $8.68M (-7.2% Y/Y) misses by $0.6M.
    • Press Release
    | Comment!
  • Jun. 26, 2014, 3:48 PM
  • May 23, 2014, 11:51 AM
    • The May 15 deadline for the SEC to change BDC's fee-reporting standards has come and gone with no action, meaning the sector's stocks will be removed from Russell's indices on June 27. A tick higher in the struggling sector since May 15 suggests maybe investors have discounted the news.
    • Looking for what to buy now, the team at Wells has put together an Adjusted Cash Flow Coverage metric. From Wells: "It is important for investors to discern which BDCs are overly reliant on fee income as a percentage of total revenues, which BDCs are not covering their dividend and which BDCs book meaningful non-cash income such as PIK."
    • The sector adjusted cash flow coverage average is 81%. Among those coming in above: GLAD, HRZN, TCAP, TCPC, HTGC, GBDC, ARCC. Among those below: TPVG, BKCC, PNNT, MCC, FSC. Struggling the most of late, Prospect Capital is pretty close to the sector average at 79%.
    • Full list here
  • Apr. 30, 2014, 6:39 PM
    • Gladstone Capital (GLAD): FQ2 NII of $0.21 in-line.
    • Total Investment Income of $9.33M beats by $0.54M.
    • Press Release
    | Comment!
  • Feb. 26, 2014, 1:16 PM
    • WIth business development companies getting the boot from S&P indices, will the Russell follow suit? It's a significant issue as investors are far more heavily invested in BDCs though the Russell indices than through S&P, writes Brendan Conway. He notes ownership of BDCs by Russell-tracking index funds are as high as 38 days worth of trading volume, and Wells Fargo estimates there are 24 BDCs where 10 or more days of average volume would be required to unload them.
    • Wells, however, does not see Russell following S&P's lead, with item #1 being Russell's desire to "represent small cap reality." "Russell Indices receive acclaim because they are willing to provide investors access to the true investable small cap universe. To the extent BDCs are excluded, this would deprive investors the opportunity to invest in what has become a very large/growing industry."
    • The following list is those BDCs with 10 or more days of average volume in index funds tracking Russell indices.
    • NGPC 38.23 days of volume, CSWC 29 days, SCM 23.5, FDUS 20.7, GARS 20, MVC 19.7, SUNS 18, WHF 17.8, SLRC 17.2, CPTA 16, MCGC 15.1, BKCC 14.9, TCRD 14, HRZN 14, TCAP 13.9, PNNT 13.3, HTGC 12.6, TICC 12.6, GLAD, 12.4, GBDC 12.3, KCAP 12.2, TAXI 11.8, MAIN 11.4, NMFC 9.98.
    • Related ETFs: BDCL, BDCS, BIZD
    • Other major names - no doubt  included in the indices, but whose holdings are less than 10 days of average trading volume: PSEC, FSC, ARCC, AINV, MCC, HTGC, TCPC, FULL, GBDC
  • Dec. 16, 2013, 4:46 PM
    • Gladstone Investment (GLAD) is buying with the participation of Behrens' existing management team and the $12.9M is a combination of debt and equity. Gladstone affiliate Gladstone Capital participated as a co-investor with $5M of debt and equity investment on the same terms.
    • Press release
    | Comment!
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Company Description
Gladstone Capital Corp is an externally managed closed-end management investment company.
Sector: Financial
Country: United States