Gladstone Investment Q1 NII $0.25/shr, down 13.8% QoQ; invests $48M, issues $74.8M notes

GLADSTONE INVESTMENT CORPORATION\DE

2024-Q1 EPS reported $0.25

Net investment income $8.4M ($0.25/share), down from $9.6M ($0.29/share) QoQ.
Total investment income $20.3M (+2.2% QoQ); weighted-average yield on investments 14.7%.
Invested $47.975M: $15.3M in new co. Home Concepts, $30M add-on in Nth Degree.
Issued $74.8M of 8.00% Notes due 2028 (GAINL).
NAV per share $12.99 vs $13.09; paid $0.21 regular + $0.15 supplemental distributions.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

GLADSTONE INVESTMENT CORPORATION\DE reported First fiscal quarter ended June 30, 2023 results: revenue $20.3 million, net income $8.4 million, EPS $0.25 per weighted-average common share.

Period: First fiscal quarter ended June 30, 2023
Revenue: $20.3 million
Net income: $8.4 million
EPS: $0.25 per weighted-average common share
Result: reported results

Exact text from the filing

First Quarter Results: Net investment income for the quarter ended June 30, 2023 was $8.4 million, or $0.25 per weighted-average common share, compared to $9.6 million, or $0.29 per weighted-average common share, for the quarter ended March 31, 2023. This decrease was a result of an increase in total expenses, net of credits, primarily due to increased accruals for capital gains-based incentive fees and an increase in interest expense in the current quarter, partially offset by an increase in total investment income. Total investment income for the quarters ended June 30, 2023 and March 31, 2023 was $20.3 million and $19.9 million, respectively.

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GLADSTONE INVESTMENT CORPORATION\DE filing history →

Source: SEC EDGAR

accession 0001321741-23-000022

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