earnings
confidence high
sentiment neutral
materiality 0.55
Gladstone Investment Q4 NII up 12.5% to $0.29/sh; FY NII $1.11/sh, NAV $13.09
GLADSTONE INVESTMENT CORPORATION\DE
2023-FY EPS reported
$1.11
- Q4 net investment income $9.6M ($0.29/sh), up from $8.6M ($0.26/sh) in Q3; FY NII $37.0M ($1.11/sh), up 147% YoY.
- NAV per share $13.09 as of March 31, 2023, down from $13.43 at December 31, 2022 and March 31, 2022.
- FY total investment income $81.5M, up 12.4% YoY, driven by higher dividend and success fee income.
- FY cash distributions $1.41 per common share from NII ($0.92) and realized gains ($0.49); declared $0.36/sh for June quarter.
- Invested $133.8M in FY, including $60.1M in one new portfolio company; exited two companies with $4.1M success fees and $4.7M gains.