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Last $7.56 USD
Change Today 0.00 / 0.00%
Volume 73.2K
GAIN On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

gladstone investment corp (GAIN) Snapshot

Open
$7.52
Previous Close
$7.56
Day High
$7.58
Day Low
$7.51
52 Week High
03/2/15 - $8.04
52 Week Low
10/15/14 - $6.67
Market Cap
228.8M
Average Volume 10 Days
120.8K
EPS TTM
$1.64
Shares Outstanding
30.3M
EX-Date
06/17/15
P/E TM
4.6x
Dividend
$0.75
Dividend Yield
10.25%
Current Stock Chart for GLADSTONE INVESTMENT CORP (GAIN)

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gladstone investment corp (GAIN) Details

Gladstone Investment Corporation is a business development company specializing in buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. The fund typically holds its investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.

gladstone investment corp (GAIN) Top Compensated Officers

Chairman, Chief Executive Officer, Chairman o...
Total Annual Compensation: --
President and Director
Total Annual Compensation: --
Chief Financial Officer and Treasurer
Total Annual Compensation: --
Chief Operating Officer, Vice Chairman, Membe...
Total Annual Compensation: --
Managing Director
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

gladstone investment corp (GAIN) Key Developments

Gladstone Investment Corporation Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Fiscal Year Ended March 31, 2015

Gladstone Investment Corporation announced unaudited consolidated earnings results for the fourth quarter and fiscal year ended March 31, 2015. For the quarter, the company reported total investment income was $11.17 million against $11.56 million of prior quarter. Net investment income was $4.99 million against $5.84 million of prior quarter. Net investment income per common share was $0.19 against $0.22 a year ago. Net realized gain was $0.148 million against loss of $0.209 million of prior quarter. Net asset value per common share was $9.18 against $8.55 of prior quarter. The decrease in net investment income for the quarter ended March 31, 2015 was partially due to lower other income resulting from the receipt of $0.6 million of other income in the current quarter as compared to $1.3 million dividend income the company received from one of its portfolio companies in the prior quarter. The decrease was also due to an increase in the base management fee and dividend expense on mandatorily redeemable preferred stock. The quarter over quarter increase in net asset value per common share was primarily due to a net increase of $24.0 million in net unrealized appreciation on investments during the period resulting from an increase in financial and operational performance of certain portfolio companies. For the year, the company reported total investment income was $41.64 million against $36.26 million a year ago. Net investment income was $19.9 million against $19.31 million a year ago. Net investment income per common share was $0.75 against $0.73 a year ago. Net Investment Income increased primarily due to an increase in interest income on the company's interest-bearing investments in 2015, offset partially by increases in interest and dividend expense, and base management and incentive fee expense compared to the prior year. Net realized loss was $0.073 million against gain of $8.21 million a year ago. Net asset value per common share was $9.18 against $8.34 a year ago. The year-over-year increase net asset value per common share is primarily due to net unrealized appreciation in the current year.

Gladstone Investment Corporation Announces Preferred Dividend, Payable on June 30, 2015

Gladstone Investment Corporation announced that on May 14, 2015, its board of directors declared the following cash dividend. Term Preferred Stock: A combined total dividend of $0.221181 per share of the company's 6.50% Series C Cumulative Term Preferred Stock. The dividend is comprised of a full monthly dividend amount for June 2015 of $0.135417 and a pro-rated monthly dividend amount for May 2015 of $0.085764, reflecting the number of days the Series C Term Preferred Stock was issued and outstanding during the month of May 2015. The Dividend will be payable on June 30, 2015 with ex-dividend date of June 17, 2015 and record date of June 19, 2015.

Gladstone Seeks Acquisitions

Gladstone Investment Corporation (NasdaqGS:GAIN) announced that on May 12, 2015 it closed its previously announced offering of 1.4 million shares of its newly-issued 6.50% Series C Cumulative Term Preferred Stock Due 2022 at a public offering price of $25.00 per share. Gladstone intends to use the net proceeds from this offering to repay borrowings under its existing credit facility, to fund investments in accordance with its investment strategy and for other general corporate purposes.

 

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