Gladstone Investment Corporation

Gladstone Investment Corporation

GAIN · NASDAQ · Financial Services / Asset Management

14.88USD+0.01 (+0.07%)

Price History

Full chart

Market Stats

Previous Close14.87
Open14.92
Day Range14.72 – 14.93
52-Week Range12.34 – 16.85
Volume128.11K
Market Cap648.30M
P/E (TTM)3.71
Forward P/E41.15
EPS4.26
Dividend Yield6.13%
Beta0.76
50-Day Avg16.28
200-Day Avg15.17

About

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; 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. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. 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. The fund invests in companies with EBITDA from $4 million to $15 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. David A. R. Dullum
  • Employees0
  • Headquarters1521 Westbranch Drive, McLean, VA, United States, 22102, USA
  • Websitehttps://www.gladstoneinvestment.com

Leadership

  • Mr. David A. R. DullumCEO & President · b. 1948
  • Mr. Taylor RitchieCFO & Treasurer · b. 1990
  • Mr. John SateriChief Investment Officer
  • Mr. Michael Bernard LiCalsi Esq., J.D.Chief Administrative Officer, Co-General Counsel & Co-Secretary · b. 1970
  • Ms. Paula NovaraHead of Resources Management & Director · b. 1970
  • Ms. Erika HighlandExecutive Vice President
  • Mr. Christopher J. LeeExecutive Vice President
  • Ms. Jennifer A. SmithChief Valuation Officer
  • Mr. Daniel CrumpDirector
  • Mr. Mitchell GrantDirector

Financials

Income Statement

Currency: USD2006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue7.31M9.40M7.08M-5.73M-5.96M19.40M25.06M19.61M1.11M54.42M29.14M52.94M69.36M105.38M8.01M48.73M99.15M32.66M103.17M89.88M71.48M
Growth (%)-+28.59%-24.65%-180.83%-4.02%+425.79%+29.15%-21.76%-94.33%+4794.06%-46.46%+81.67%+31.03%+51.93%-92.40%+508.64%+103.47%-67.06%+215.94%-12.88%-20.47%
Cost of Revenue-608.00K7.73M5.35M1.98M690.00K768.00K1.13M2.08M3.54M-6.70M3.54M4.03M6.15M15.21M19.56M35.78M-27.62M24.12M28.25M57.63M
Gross Profit7.31M8.79M-649.00K-11.07M-7.94M18.71M24.29M18.48M-963.00K50.88M29.14M49.40M65.33M99.23M8.01M48.73M99.15M32.66M79.05M61.63M13.85M
Gross Margin100.00%93.53%-9.16%193.42%133.31%96.44%96.94%94.25%-86.60%93.50%100.00%93.31%94.18%94.17%100.00%100.00%100.00%100.00%76.62%68.57%19.38%
Operating Expense1.26M1.52M292.00K374.00K3.13M2.27M2.33M1.20M366.00K669.00K130.00K4.63M4.64M17.64M4.98M3.95M-19.41M-18.77M-6.26M-3.69M-211.92M
Operating Income6.05M7.27M-941.00K-11.45M-11.07M16.44M21.97M17.28M-1.33M50.21M29.01M44.76M60.69M81.59M3.03M44.78M118.56M51.42M85.31M65.32M225.77M
Operating Margin82.81%77.32%-13.28%199.95%185.88%84.72%87.65%88.13%-119.51%92.27%99.55%84.56%87.49%77.43%37.80%91.90%119.57%157.48%82.68%72.67%315.85%
EBITDA6.05M11.40M10.86M8.42M-11.07M16.45M21.96M18.09M-971.00K50.66M29.01M44.84M61.19M82.09M3.03M30.86M43.66M51.42M85.31M65.32M225.77M
EBITDA Margin82.81%121.22%153.33%-147.03%185.85%84.76%87.62%92.28%-87.32%93.09%99.55%84.70%88.22%77.90%37.80%63.32%44.03%157.48%82.68%72.67%315.85%
Net Income6.05M7.27M-941.00K-11.45M-11.07M16.44M21.97M17.28M-1.33M50.21M24.85M44.76M60.69M81.59M-17.49M44.78M105.48M35.55M85.31M65.32M184.75M
Net Income Margin82.81%77.32%-13.28%199.95%185.88%84.72%87.65%88.13%-119.51%92.27%85.30%84.56%87.49%77.43%-218.51%91.90%106.38%108.86%82.68%72.67%258.46%
R&D-----------0.671.020.750.030.631.20.390.73--
R&D as % of Total Revenue-----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%--
Interest Expense0608.00K7.73M5.35M1.98M690.00K768.00K1.13M2.08M3.54M4.15M3.54M4.03M6.15M3.96M4.44M13.08M15.88M24.12M28.25M41.02M
Interest Expense % of Total Revenue0.00%6.47%109.16%-93.42%-33.31%3.56%3.06%5.75%186.60%6.50%14.26%6.69%5.82%5.83%49.44%9.11%13.19%48.62%23.38%31.43%57.39%

Balance Sheet

Currency: USD2006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets230.32M323.59M352.29M326.84M297.16M241.11M325.30M379.80M330.69M483.52M506.26M515.20M610.90M635.10M576.38M643.73M740.41M765.64M938.08M1.01B1.32B
Total Liabilities482.11K100.77M145.85M112.04M104.18M42.28M118.08M138.84M109.86M210.09M227.24M214.11M256.70M227.99M207.35M261.37M294.58M325.90M445.37M507.32M654.62M
Total Equity229.84M222.82M206.44M214.80M192.98M198.83M207.22M240.96M220.84M273.43M279.02M301.08M354.20M407.11M369.03M382.36M445.83M439.74M492.71M499.08M668.23M
Cash75.67M37.79M9.36M7.24M87.72M80.58M91.55M85.90M4.55M4.92M4.48M2.87M3.64M1.70M2.78M2.06M14.19M2.68M2.46M14.30M1.16M
Total Debt-200.00M144.84M110.27M102.81M40.00M76.00M94.87M66.70M123.90M100.10M74.80M112.60M58.10M183.46M243.59M261.35M550.04M398.35M455.71M564.47M
Net Debt-75.67M162.21M135.47M103.03M15.10M-40.58M-15.54M8.97M62.15M118.97M95.61M71.93M108.96M56.39M51.52M241.53M247.16M289.92M395.88M441.41M563.32M

Cash Flow

Currency: USD2006-03-312007-03-312008-03-312009-03-312010-03-312011-03-312012-03-312013-03-312014-03-312015-03-312016-03-312017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow-148.11M-122.73M-57.40M13.61M99.27M67.08M-48.67M-39.73M-33.61M-97.55M4.08M32.60M-29.73M93.61M35.31M-29.73M36.60M-4.50M85.99M113.92M-101.61M
Investing Cash Flow---140.65M-31.02M105.84M-32.11M--84.43M-100.62M-100.62M-20.38M-25.51M-90.89M17.50M-89.18M-64.22M-42.72M-98.22M-155.92M-97.62M-143.72M
Financing Cash Flow223.78M84.85M28.97M-15.73M-18.79M-74.21M59.64M34.09M-47.74M97.92M-4.52M-34.09M29.60M-93.98M-34.85M28.07M-24.50M-6.74M69.91M-4.37M88.84M
Capital Expenditure000000000000000000000
Free Cash Flow-148.11M-122.73M-57.40M13.61M99.27M67.08M-48.67M-39.73M-33.61M-97.55M4.08M32.60M-29.73M93.61M35.31M-29.73M36.60M-4.50M85.99M113.92M-101.61M
Dividends Paid6.46M14.16M15.40M20.76M10.60M10.60M13.58M14.55M18.80M20.58M22.70M22.70M28.93M30.52M33.92M30.86M38.85M47.05M76.06M60.95M57.16M
FCF to OCF100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%100.00%
Dividend Paid to FCF-4.36%-11.54%-26.83%152.49%10.68%15.80%-27.90%-36.61%-55.92%-21.10%556.17%69.63%-97.31%32.60%96.07%-103.79%106.15%-1044.63%88.46%53.50%-56.26%

Earnings

Report DateAug 10, 2005Nov 9, 2005Feb 8, 2006Jun 13, 2006Aug 2, 2006Nov 1, 2006Feb 5, 2007May 31, 2007Aug 1, 2007Oct 31, 2007Jan 31, 2008May 21, 2008Aug 6, 2008Nov 4, 2008Feb 2, 2009Jun 1, 2009Aug 4, 2009Nov 3, 2009Feb 8, 2010May 24, 2010Aug 2, 2010Nov 2, 2010Jan 31, 2011May 23, 2011Aug 1, 2011Nov 2, 2011Feb 1, 2012May 21, 2012Jul 30, 2012Oct 29, 2012Jan 28, 2013May 14, 2013Jul 29, 2013Nov 6, 2013Feb 4, 2014May 13, 2014Jul 28, 2014Oct 28, 2014Feb 4, 2015May 20, 2015Aug 4, 2015Oct 28, 2015Feb 3, 2016May 17, 2016Aug 1, 2016Nov 2, 2016Feb 6, 2017May 15, 2017Aug 1, 2017Nov 1, 2017Feb 6, 2018May 15, 2018Aug 1, 2018Nov 5, 2018Feb 5, 2019May 13, 2019Jul 31, 2019Nov 4, 2019Feb 4, 2020May 12, 2020Jul 28, 2020Nov 3, 2020Feb 2, 2021May 11, 2021Aug 2, 2021Nov 2, 2021Feb 8, 2022May 11, 2022Aug 3, 2022Nov 1, 2022Feb 1, 2023May 10, 2023Aug 2, 2023Nov 1, 2023Feb 6, 2024May 8, 2024Aug 5, 2024Nov 7, 2024Feb 12, 2025May 13, 2025Aug 12, 2025Nov 4, 2025Feb 3, 2026May 13, 2026Aug 6, 2026Nov 3, 2026
EPS Estimate0.020.110.120.160.200.210.200.220.200.190.190.220.210.160.140.160.120.110.150.120.120.100.110.120.130.130.150.160.150.160.150.150.150.150.170.170.180.180.190.190.190.180.190.190.180.180.180.170.180.170.180.190.190.200.190.200.200.200.200.210.180.150.160.180.190.190.230.230.220.230.260.270.270.260.270.260.250.730.240.230.230.230.230.230.240.22
EPS Actual0.000.090.110.160.160.170.180.170.170.180.230.210.150.170.160.140.110.110.140.120.190.110.340.090.160.150.160.160.150.160.150.220.150.240.170.180.180.160.220.190.170.200.150.160.230.170.170.170.170.180.230.100.20-0.120.180.170.270.200.190.450.130.130.190.09-0.070.070.250.200.220.340.260.290.25-0.050.280.150.340.420.030.200.250.11-0.162.070.26-
Surprise-93.00%-18.18%-8.33%0.00%-20.00%-19.05%-10.00%-22.73%-15.00%-5.26%21.05%-4.55%-28.57%6.25%14.29%-12.50%-8.33%0.00%-6.67%0.00%58.33%10.00%209.09%-25.00%23.08%15.38%6.67%0.00%0.00%0.00%0.00%46.67%0.00%60.00%0.00%5.88%0.00%-11.11%15.79%0.00%-10.53%11.11%-21.05%-15.79%27.78%-5.56%-5.56%0.00%-5.56%5.88%27.78%-47.37%5.26%-160.00%-5.26%-15.00%35.00%0.00%-5.00%114.29%-27.78%-13.33%18.75%-50.00%-136.84%-63.16%8.70%-13.04%0.00%47.83%0.00%7.41%-7.41%-119.23%3.70%-42.31%36.00%-42.47%-87.50%-13.04%8.70%-52.17%-169.57%792.79%8.33%-
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Key Statistics & Ratios

Market Cap648.30M
Enterprise Value1.20B
Trailing P/E3.71
Forward P/E41.15
PEG Ratio5.41
Price / Sales3.90
Price / Book0.96
EPS4.26
Book Value16.24
Revenue (TTM)103.89M
Gross Profit (TTM)103.89M
Profit Margin158.95%
Operating Margin94.39%
Return on Equity29.17%
Return on Assets2.41%
Shares Outstanding39.82M
Shares Float0
Beta0.76
Dividend Yield6.13%
Dividend Rate0.96
Payout Ratio14.04%

Analyst Ratings

Buy
Based on 5 analystsTarget 17.00
  • Strong Buy
    3
  • Hold
    2

Ownership Breakdown

Institutions
17.91%
Insiders
2.26%
Retail / Other
79.83%

Top Institutional Holders

  • Melia Wealth LLC
    1.07M2.69%
  • UBS Group AG
    732.23K1.84%
  • Van Eck Associates Corporation
    591.93K1.49%
  • Two Sigma Investments LLC
    584.11K1.47%
  • Morgan Stanley - Brokerage Accounts
    338.07K0.85%
  • Legal & General Group PLC
    300.70K0.76%
  • PFG Advisors
    236.63K0.59%
  • BlackRock Inc
    207.40K0.52%
  • Outfitter Financial LLC
    203.37K0.51%
  • LPL Financial Corp
    187.44K0.47%
  • Blair William & Co
    143.68K0.36%
  • Davenport & Company LLC
    142.53K0.36%
  • Tudor Investment Corp Et AL
    120.96K0.30%
  • Legacy Capital Wealth Partners, LLC
    113.83K0.29%
  • Advisors Asset Management
    108.97K0.27%
  • Squarepoint Ops LLC
    103.51K0.26%
  • Atlantic Union Bankshares Corp
    96.66K0.24%
  • Advisor Group Holdings, Inc.
    95.25K0.24%

Top Fund Holders

  • VanEck BDC Income ETF
    782.53K1.97%
  • iShares Listed Private Eq ETF USD Dist
    150.55K0.38%

Dividends

202610×
0.08Oct 23, 20260.08Sep 21, 20260.08Aug 18, 20260.08Jul 24, 20260.08Jun 23, 20260.08May 20, 20260.08Apr 24, 20260.08Mar 23, 20260.08Feb 18, 20260.08Jan 23, 2026
202513×
0.08Dec 22, 20250.08Nov 17, 20250.08Oct 24, 20250.08Sep 22, 20250.08Aug 20, 20250.08Jul 21, 20250.08Jun 20, 20250.54Jun 4, 20250.08May 21, 20250.08Apr 21, 20250.08Mar 19, 20250.08Feb 19, 20250.08Jan 24, 2025
20241×
0.08Dec 20, 2024