earnings
confidence high
sentiment neutral
materiality 0.55
Gladstone Capital Q1 NII $0.50/share; NAV $21.13; declares $0.45 dividend
GLADSTONE CAPITAL CORP
- Total investment income $24.5M, up 2.4% QoQ; NII $11.3M ($0.50/share) vs $0.52 prior.
- Portfolio investments $99.2M in quarter; credit facility increased by $25M subsequent to quarter end.
- Net asset value per share $21.13, down from $21.34; weighted average yield 12.2% vs 12.5% prior.
- Subsequent: $42.8M Vet's Choice debt paid off at par with $0.9M prepayment penalty; new $6M secured first lien in IMX Power.