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Gladstone Investment Corp (GAIN)
NASDAQ:GAIN
RESEARCH TOOLSreports
Holding GAIN?
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Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2025 (Q3)Consensus EPS Forecast
$0.24Last Year’s EPS
$0.26Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -3.33%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected strong performance with successful exits and supplemental distributions, a solid balance sheet, and active investment opportunities. However, there were challenges with decreased NAV, increased expenses, and ongoing nonaccrual issues with certain portfolio companies.Company Guidance
In the second quarter of fiscal year 2025, Gladstone Investment Corporation reported adjusted net investment income (NII) of $0.24 per share with total assets amounting to $869 million. The quarter saw a significant realized capital gain of approximately $42.3 million from the exit of Nth Degree, while the investment income rose to $22.6 million. The firm maintained a strong balance sheet with an asset coverage ratio of 229.3% and approximately $160 million available on their $200 million credit facility. In terms of shareholder distributions, the company upheld a monthly distribution of $0.08 per share, supplemented by a $0.70 per share distribution, paid in October, reflecting their buyout strategy. The net asset value (NAV) decreased to $12.49 per share due to distributions and net unrealized depreciation on investments. Despite these fluctuations, the company's ongoing strategy and active investment period indicate a positive outlook with a robust pipeline of new acquisition opportunities.Successful Exit and Capital Gains
Exited portfolio company Nth Degree, generating a realized capital gain of $42.3 million.
Supplemental Distribution to Shareholders
Declared a supplemental distribution of $0.70 per share during the quarter, reinforcing the buyout-focused strategy.
Strong Balance Sheet and Liquidity
Maintained a strong balance sheet with low leverage and a positive liquidity position with $160 million available on a $200 million credit facility.
Increased Investment Opportunities
Active period for investments with significant opportunities in new acquisitions and add-ons, particularly in the M&A market.
Dividend Income and Yield
The aggregate estimated fiscal year distributions yield about 12% using the closing price of $13.80.
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GAIN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GAIN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $13.45 | $13.64 | +1.41% |
| Aug 05, 2024 | $12.20 | $11.61 | -4.84% |
| May 08, 2024 | $12.88 | $12.81 | -0.54% |
| Feb 06, 2024 | $12.48 | $12.05 | -3.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gladstone Investment Corp (GAIN) report earnings?
Gladstone Investment Corp (GAIN) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Gladstone Investment Corp (GAIN) earnings time?
Gladstone Investment Corp (GAIN) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GAIN EPS forecast?
GAIN EPS forecast for the fiscal quarter 2025 (Q3) is $0.24.
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