Gladstone Capital
GLAD

$23.45

0.21%

Market Cap: $510M

0

Funds holding %

of 6,710 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

307% more call options, than puts

Call options by funds: $1.61M | Put options by funds: $396K

9% more capital invested

Capital invested by funds: $43.2M [Q1] → $47.2M (+$4.06M) [Q2]

0.11% more ownership

Funds ownership: 9.25% [Q1] → 9.36% (+0.11%) [Q2]

6% less funds holding

Funds holding: 72 [Q1] → 68 (-4) [Q2]

20% less first-time investments, than exits

New positions opened: 16 | Existing positions closed: 20

98% less repeat investments, than reductions

Existing positions increased: 1 | Existing positions reduced: 51

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Research analyst outlook

We haven’t received any recent analyst ratings for GLAD.

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Financial journalist opinion

Based on 6 articles about GLAD published over the past 30 days

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.

2 Monthly Dividends I Will Be Buying After The Interest Rate Cut

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.

Gladstone Capital: 9% Yield, Improving Coverage, 1.12x NAV

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.

Gladstone Capital: Just Pause For Now

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.

2 High Yield BDCs With One Of The Lowest Debt Profiles

Gladstone Capital Is Better Prepared Than Its Affiliated Fund

Gladstone Capital is a relatively small BDC focusing on US lower middle market companies through debt and equity investments. Target entities have EBITDA ranging from $3m to $25m. GLAD's portfolio has a higher share of first-lien debt investments and lower non-accruals than a close peer. As a result, its dividend has better coverage. Nevertheless, the Company remains exposed to market-driven risk factors such as potential recession (rising non-accruals) and interest rate cuts (worse dividend coverage).

Gladstone Capital Is Better Prepared Than Its Affiliated Fund

Gladstone Capital Corporation Announces Election of Katharine Cornell Gorka as Director

MCLEAN, VA / ACCESSWIRE / August 22, 2024 / Gladstone Capital Corporation (Nasdaq:GLAD) (the "Company") announced that Katharine Cornell Gorka has been elected to the 2027 class of Directors for the Company, effective August 22, 2024. Ms. Gorka, 64, is the President of Threat Knowledge Group, which provides training and expertise on threats to U.S. national security, and also serves as the chair of the Fairfax County Republican Party.

Gladstone Capital Corporation Announces Election of Katharine Cornell Gorka as Director

24/7 Wall Street

5 Small-Cap Ultra-High-Yield Stocks That Pay Dividends as High as 14%

24/7 Wall St. Insights After a brief rally in the sector, small-cap stocks have pulled back again.

5 Small-Cap Ultra-High-Yield Stocks That Pay Dividends as High as 14%

Gladstone Capital: Solid Distribution Coverage But Rising Non-Accruals (Rating Downgrade)

Gladstone Capital operates as a business development company that focuses on making debt investments to middle market companies. GLAD's portfolio strategy has exposure to 94% floating rate investments, which has helped them capitalize on higher interest rates. However, interest rates may get cut and negatively impact earnings. GLAD's Q3 earnings showed a 14% increase in net investment income.

Gladstone Capital: Solid Distribution Coverage But Rising Non-Accruals (Rating Downgrade)

Gladstone Capital Announces Financing To Support RPM

MCLEAN, VA / ACCESSWIRE / August 14, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) ("Gladstone Capital" or "Gladstone") is pleased to announce the completion of a junior debt facility in support of Bluejay Capital Partners (‘Bluejay Capital" or "Bluejay") and Trive Capital's ("Trive") acquisition of RPM Freight Systems, LLC ("RPM"), a technology-driven, asset-light provider of transportation management solutions to new and used finished vehicle logistics and other specialized freight markets in North America and Europe. Headquartered in Royal Oak, Michigan, and serving 30+ countries across North America and Europe, RPM provides data driven solutions to serve OEMs, online dealers, re-marketing firms, and more in all their finished vehicle transport and component freight needs.

Gladstone Capital Announces Financing To Support RPM

Zacks Investment Research

Gladstone Capital (GLAD) Upgraded to Buy: Here's Why

Gladstone Capital (GLAD) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Gladstone Capital (GLAD) Upgraded to Buy: Here's Why

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