Gladstone Capital Corporation ( GLAD ) NASDAQ Global Select

Cena: 26.55 ( 0.56% )

Aktualizacja 06-24 20:26
NASDAQ Global Select
Branża: Asset Management
Statystyki
Dywidendy
Rekomendacje
Wyceny
Wskaźniki
Analiza techniczna

Notowania:

Informacje o spółce:
Sektor: Usługi Finansowe
Branża: Asset Management
Zatrudnienie: None
Giełda: NASDAQ Global Select
Ilość akcji w obrocie: 97%
Ilość akcji: 43 508 900
Debiut giełdowy: 2002-08-02
WWW: https://www.gladstonecapital.com
CEO: Mr. David John Gladstone
Adres: 1521 Westbranch Drive
Siedziba: 22102 McLean
ISIN: US3765351008
Opis firmy:

Gladstone Capital Corporation to firma zajmująca się rozwojem biznesu specjalizującą się w niższym rynku średniego, kapitał wzrostu, dodanie przejęć, zmianie kontroli, strategie kupna i budowy, refinansowaniu długów, inwestycjach długów w pożyczki na wyższe czasy, pożyczki obrotowe, pożyczki na pierwszym i drugim terminie, akcje podmiotowe, podmiotowe pożyczki, licencje, licencje licencyjne, licencje licencyjne, licencje licencyjne, licencje licencyjne, licencjom, licencjom, licencjom. interesy firmy lub nakazy. Działa jako firma zajmująca się rozwijaniem biznesu. Fundusz dokonuje również inwestycji private equity w przejęcia, wykupy i podsumowania oraz refinansowanie istniejących długów. Kieruje się małych i średnich firm w Stanach Zjednoczonych. Jest to agnostyka branżowa i stara się inwestować w firmy zaangażowane w usługi biznesowe, lekkie i specjalistyczne produkcję, niszowe produkty i usługi przemysłowe, produkty i usługi konsumenckie, usługi energetyczne, transport i logistyka, usługi opieki zdrowotnej i edukacji, specjalne chemikalia, media i komunikacja oraz obrona lotnicza. Fundusz ma na celu inwestowanie od 7 do 30 milionów USD w firmy, które mają od 20 do 150 milionów USD sprzedaży i EBITDA od 3 do 25 milionów USD. Woli zdobywać stawkę mniejszościową. Starał się opuścić swoje inwestycje poprzez strategiczne przejęcia innych uczestników branży lub nabywców finansowych, początkową publiczną ofertę akcji zwykłych lub innych transakcji rynkowych.

Wskaźniki finansowe
Kapitalizacja (USD) 592 829 816
Aktywa: 812 468 000
Cena: 26.55
Wskaźnik Altman Z-Score: 1.5
Słaby (wysokie ryzyko bankructwa)
Dywidenda: 2
P/E: 6.7
Ilość akcji w obrocie: 97%
Średni wolumen: 105 162
Ilość akcji 22 329 900
Wskaźniki finansowe
Przychody TTM 109 553 000
Zobowiązania: 333 727 000
Przedział 52 tyg.: 21.4 - 30.43
Piotroski F-Score: 6
Umiarkowany (średnia jakość finansowa)
EPS: 3.9
P/E branży: 11.5
Beta: 1.251
Raport okresowy: 2025-08-05
WWW: https://www.gladstonecapital.com
Zarząd
Imie i Nazwisko Stanowisko Wynagrodzenie Rok urodzenia
Mr. David A. R. Dullum Executive Vice President, President of Private Finance Mclean and Executive MD of Private Finance Mclean 28 000 1948
Mr. John Sateri Managing Director of Private Finance 0 0
Mr. Michael Bernard LiCalsi Esq., J.D. General Counsel & Secretary 0 1970
Ms. Nicole Schaltenbrand CPA Chief Financial Officer & Treasurer 0 1983
Mr. David John Gladstone Chairman & Chief Executive Officer 0 1942
Mr. Terry Lee Brubaker Assistant Secretary & Chief Operating Officer 0 1944
Mr. Robert L. Marcotte President 0 1958
Ms. Karin McLaughlin Investor Relation Specialist 0 0
Mr. John Anthony Dellafiora Jr., CPA Chief Compliance Officer 0 0
Ms. Paula Novara Head of Resource Management & Director 0 1970
Wiadomości dla Gladstone Capital Corporation
Tytuł Treść Źródło Aktualizacja Link
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. seekingalpha.com 2025-05-13 21:49:21 Czytaj oryginał (ang.)
Gladstone Capital (GLAD) Q2 2025 Earnings Call Transcript Gladstone Capital. (NASDAQ:GLAD ) Q2 2025 Earnings Conference Call May 7, 2025 8:30 AM ET Company Participants David Gladstone - CEO Eric Helmut - General Counsel and Secretary Bob Marcotte - President Nicole Schaltenbrand - CFO and Treasurer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Erik Zwick - Lucid Capital Markets Operator Greetings. seekingalpha.com 2025-05-07 14:33:49 Czytaj oryginał (ang.)
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. seekingalpha.com 2025-05-07 07:17:43 Czytaj oryginał (ang.)
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. zacks.com 2025-05-06 23:45:29 Czytaj oryginał (ang.)
Gladstone Capital Corporation Reports Financial Results for its Second Quarter Ended March 31, 2025 MCLEAN, VA / ACCESS Newswire / May 6, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its second quarter ended March 31, 2025. 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. accessnewswire.com 2025-05-06 20:20:00 Czytaj oryginał (ang.)
Gladstone Capital Corporation Earnings Call and Webcast Information MCLEAN, VA / ACCESS Newswire / May 5, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) announces the following event: What: Gladstone Capital Corporation's Second Fiscal Quarter ended March 31, 2025 Earnings Call & Webcast When: Wednesday, May 7, 2025 @ 8:30 a.m. Eastern Time Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=YjoExfAz 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 May 14, 2025. accessnewswire.com 2025-05-05 12:30:00 Czytaj oryginał (ang.)
Major Market Disconnect: 5%+ Yields Trading For Pennies On The Dollar One opportunity yields 5.7% and trades at a 31% discount to NAV. The other yields 5% and trades at a 42% discount to NAV. Both are proven inflation hedges and have strong insider-aligned management in sectors the market has deeply mispriced. seekingalpha.com 2025-04-26 16:00:00 Czytaj oryginał (ang.)
Gladstone Capital (GLAD) Soars 7.1%: Is Further Upside Left in the Stock? Gladstone Capital (GLAD) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. zacks.com 2025-04-10 15:50:52 Czytaj oryginał (ang.)
Gladstone Capital Announces Monthly Cash Distributions for April, May and June 2025 and Conference Call Date MCLEAN, VA / ACCESS Newswire / April 8, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for April, May and June 2025 and also announced its plan to report earnings for its second fiscal quarter ended March 31, 2025. Cash Distributions: Common Stock: $0.165 per share of common stock for each of April, May and June 2025, payable per the table below. accessnewswire.com 2025-04-08 20:05:00 Czytaj oryginał (ang.)
How To Navigate BDC Investing In Lower Interest Rate Environment Lower interest rates negatively impact BDCs' net investment income due to the floating rate nature of their loans tied to the Fed Funds rate. A typical BDC portfolio, with a debt to equity ratio of 1.0x, cannot fully offset lower rates through floating leverage. However, there are some ways to manage this situation. seekingalpha.com 2025-04-01 13:15:00 Czytaj oryginał (ang.)
Gladstone Capital: A Reliable Income Powerhouse Gladstone Capital is recommended as a 'Buy' for long-term income investors, with a 7.2% dividend yield. GLAD has shown strong price performance, with a 150% 5Y price return and 290% total return, outperforming the BIZD. The company's low leverage (0.68x) mitigates the impact of both the small portfolio size and the 7.4% decline in TII. seekingalpha.com 2025-03-31 04:57:31 Czytaj oryginał (ang.)
Risk-Off Mode In The BDC Market: 1 Overrated And 1 Underrated Pick BDCs are meant to provide high-dividends, while preserving NAV. However, given the signs both in the stock market and in the real economy on the ground, BDC investors have to be extra careful. Currently, BDCs face several headwinds, which increase the risk of dividend cuts and price declines, especially within the more speculative and high-multiple segments. seekingalpha.com 2025-03-23 11:15:00 Czytaj oryginał (ang.)
Gladstone Capital: Rising Non-Accruals And Unjustified Premium Valuation (Rating Downgrade) GLAD's current premium to NAV is unjustified due to weakening earnings, increased non-accruals, and poor dividend coverage, leading to a sell rating. Despite GLAD's attractive 7% dividend yield and monthly payouts, the dividend coverage is weak, risking potential cuts if portfolio conditions worsen. GLAD's portfolio is diversified but small, with significant exposure to floating rate investments. This increases the overall vulnerability and impact of underperforming borrowers. seekingalpha.com 2025-02-14 14:41:27 Czytaj oryginał (ang.)
Gladstone Capital (GLAD) Q1 2025 Earnings Call Transcript Gladstone Capital (NASDAQ:GLAD ) Q1 2025 Earnings Conference Call February 12, 2025 8:30 AM ET Company Participants David Gladstone - CEO Michael LiCalsi - General Counsel and Secretary Bob Marcotte - President Nicole Schaltenbrand - CFO and Treasurer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Robert Dodd - Raymond James Operator Greetings, and welcome to the Gladstone Capital Corporation First Quarter Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. seekingalpha.com 2025-02-12 12:35:35 Czytaj oryginał (ang.)
Gladstone Capital (GLAD) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates Although the revenue and EPS for Gladstone Capital (GLAD) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. zacks.com 2025-02-11 21:31:09 Czytaj oryginał (ang.)
Gladstone Capital (GLAD) Misses Q1 Earnings and Revenue Estimates Gladstone Capital (GLAD) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.54 per share a year ago. zacks.com 2025-02-11 20:51:19 Czytaj oryginał (ang.)
Gladstone Capital Corporation Reports Financial Results for its First Quarter Ended December 31, 2024 MCLEAN, VA / ACCESS Newswire / February 11, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") today announced earnings for its first quarter ended December 31, 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. accessnewswire.com 2025-02-11 18:15:00 Czytaj oryginał (ang.)
Gladstone Capital Corporation Earnings Call and Webcast Information MCLEAN, VA / ACCESS Newswire / February 10, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) announces the following event: What: Gladstone Capital Corporation's First Fiscal Quarter ended December 31, 2024 Earnings Call & WebcastWhen: Wednesday, February 12, 2025 @ 8:30 a.m. Eastern TimeWebsite: https://event.choruscall.com/mediaframe/webcast.html?webcastid=bFX5icY1 How: By webcast -- Log on to the web at the address aboveBy phone -- Please call (866) 424-3437Contact: Gladstone Capital Corporation, (703) 287-5893 A conference call replay will be available after the call and will be accessible through February 19, 2025. accessnewswire.com 2025-02-10 10:30:00 Czytaj oryginał (ang.)
Preferred Stocks And More Two new additions to the HDO Bond Ladder: Baby Bonds ECCU and GAINI, both maturing in 2030. As we enter 2025, the fixed-income landscape offers opportunities despite declining short-term rates, with quality companies providing attractive long-term yields through preferred securities and baby bonds. Investment-grade debt securities with high coupons offer attractive yields. Diversify with staggered call/maturity dates to safeguard income and enhance portfolio stability. seekingalpha.com 2025-02-02 11:30:00 Czytaj oryginał (ang.)
2 High Yield BDCs With Exceptional Value To Price Ratio BDC investing is primarily about income with less emphasis on growth. One way to activate the second (price appreciation) component is through investing in heavily discounted BDCs. The other, more prudent approach is to invest in high-quality BDCs that should deserve higher premium, where from a price-to-value convergence, investors could enhance the total return performance. seekingalpha.com 2025-01-25 11:15:00 Czytaj oryginał (ang.)
Gladstone Capital Announces Monthly Cash Distributions for January, February and March 2025 and Conference Call Date MCLEAN, VA / ACCESSWIRE / January 14, 2025 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced today that its board of directors declared the following monthly cash distributions for January, February and March 2025 and also announced its plan to report earnings for its first fiscal quarter ended December 31, 2024. Cash Distributions: Common Stock: $0.165 per share of common stock for each of January, February and March 2025, payable per the table below. accesswire.com 2025-01-14 18:05:00 Czytaj oryginał (ang.)
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. seekingalpha.com 2024-12-17 11:15:00 Czytaj oryginał (ang.)
Dividend Cut Alert: 2 BDCs With Likely Lower Dividends In 2025 BDCs offer attractive opportunities for income investors to enhance their portfolio yields. Yet, since the yields are so enticing, the chances are high for getting caught in value traps. In the article I elaborate on two BDCs that are very close to cutting their dividends with a high probability of making the announcements in 2025. seekingalpha.com 2024-12-12 11:15:00 Czytaj oryginał (ang.)
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 net investment income still covers its regular monthly dividend payments, though future cuts may challenge this coverage. GLAD typically trades at a premium to net asset value, aiding capital gathering, but economic and Fed-related uncertainties may lead to higher stock price volatility. seekingalpha.com 2024-11-17 09:04:43 Czytaj oryginał (ang.)
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 effective December 2, 2024. Mr. Brubaker is also retiring as director and executive officer of Gladstone Management Corporation, the Company's investment adviser, and as a member of the board of managers and an executive officer of Gladstone Administration, LLC, the Company's administrator, also effective December 2, 2024. accesswire.com 2024-11-15 18:10:00 Czytaj oryginał (ang.)
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 - President Nicole Schaltenbrand - CFO and Treasurer Conference Call Participants Mickey Schleien - Ladenburg Thalmann Robert Dodd - Raymond James Operator Greetings. Welcome to Gladstone Capital Corporation Year-End and Fourth Quarter Earnings Call. seekingalpha.com 2024-11-14 12:35:28 Czytaj oryginał (ang.)
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 secured debt, providing lower risk and stability, but the recent slowdown in new investments is concerning. GLAD stock's current dividend yield of 7.7% is attractive, but the potential for a dividend cut exists if interest rates continue to fall and negatively impact earnings. seekingalpha.com 2024-11-14 12:10:59 Czytaj oryginał (ang.)
Gladstone Capital (GLAD) Q4 Earnings and Revenues Miss Estimates Gladstone Capital (GLAD) came out with quarterly earnings of $0.50 per share, missing the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.56 per share a year ago. zacks.com 2024-11-13 20:41:07 Czytaj oryginał (ang.)
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. Please read the Company's Annual Report on Form 10-K 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. accesswire.com 2024-11-13 18:20:00 Czytaj oryginał (ang.)
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 cash distribution to common stockholders payable in December 2024. Common Stock: A supplemental distribution of $0.40 per share of common stock in December 2024 payable per the table below. accesswire.com 2024-11-12 18:05:00 Czytaj oryginał (ang.)
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, 2024 Earnings Call & Webcast When: Thursday, November 14, 2024 @ 8:30 a.m. Eastern Time Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pT6trqFd 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 November 21, 2024. accesswire.com 2024-11-12 10:30:00 Czytaj oryginał (ang.)
Gladstone Capital Corporation Earnings Call and Webcast Information MCLEAN, VA / ACCESSWIRE / November 5, 2024 / Gladstone Capital Corporation (Nasdaq:LAND) announces the following event: What: Gladstone Capital Corporation's Fourth Fiscal Quarter ended September 30, 2024 Earnings Call & Webcast When: Thursday, November 14, 2024 @ 8:30 a.m. Eastern Time Website: https://event.choruscall.com/mediaframe/webcast.html?webcastid=pT6trqFd 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 November 21, 2024. accesswire.com 2024-11-05 10:30:00 Czytaj oryginał (ang.)
Earnings Preview: Gladstone Capital (GLAD) Q4 Earnings Expected to Decline Gladstone Capital (GLAD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. zacks.com 2024-11-04 13:01:13 Czytaj oryginał (ang.)
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 in Antenna Research Associates, Inc. ("ARA"). As a result of this transaction, Gladstone Capital realized a significant gain on its equity investment. accesswire.com 2024-11-04 10:30:00 Czytaj oryginał (ang.)
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 certain affiliated Gladstone funds, including Gladstone Capital Corporation (NASDAQ:GLAD), Gladstone Land Corporation (NASDAQ:LAND) and Gladstone Commercial Corporation (NASDAQ:GOOD), has hired Stephanie Conkright as a Director of National Accounts, primarily covering the Independent Broker Dealer channel. Stephanie will join Sean Boyd (Director of National Accounts) as he transitions to primarily developing and covering the RIA channel. accesswire.com 2024-11-01 10:30:00 Czytaj oryginał (ang.)
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 for October, November and December 2024 and also announced its plan to report earnings for its fourth fiscal quarter ended September 30, 2024. Cash Distributions: Common Stock: $0.165 per share of common stock for each of October, November and December 2024, payable per the table below. accesswire.com 2024-10-08 20:05:00 Czytaj oryginał (ang.)
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 offerings for certain affiliated Gladstone funds, including Gladstone Capital Corporation (Nasdaq: GLAD), Gladstone Land Corporation (Nasdaq: LAND) and Gladstone Commercial Corporation (Nasdaq: GOOD), has hired Bryan Bluth as its External Wholesaler for the Western United States and Tim McCabe as its External Wholesaler for the Eastern United States, both reporting to John Sabey, the Company's Director of National Sales. Mr. Bluth, based in Arizona, joins the Company as the Western Region External Wholesaler. accesswire.com 2024-10-07 12:30:00 Czytaj oryginał (ang.)
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 are also some specific names, where the lower financing costs will unlock notable value. In this article, I elaborate on two monthly paying dividend stocks that should become even more attractive after the Fed reduces the interest rates. seekingalpha.com 2024-09-14 11:00:00 Czytaj oryginał (ang.)
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 value of $757.8 million, despite a 4% QoQ decline. Improved net investment income boosted the dividend pay-out ratio, but a higher non-accrual ratio poses a risk to the credit profile. seekingalpha.com 2024-09-14 07:05:57 Czytaj oryginał (ang.)
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, GLAD's heavy reliance on floating rate investments makes future dividend sustainability uncertain if rates decline significantly. Trading at a premium to NAV, GLAD's valuation does not fully account for the risk of interest rate cuts, leading me to rate it as a hold. seekingalpha.com 2024-08-28 08:05:39 Czytaj oryginał (ang.)
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 and capital markets. However, just as in any asset class or sector, there are exceptions. seekingalpha.com 2024-08-24 13:41:05 Czytaj oryginał (ang.)