earnings
confidence high
sentiment neutral
materiality 0.60
Gladstone Investment Q1 NII $0.25/sh, NAV $12.99, new investments $62.8M
GLADSTONE INVESTMENT CORPORATION\DE
- Net investment income $9.1M ($0.25/sh) vs $7.2M ($0.20/sh) prior quarter; adjusted NII $0.24/sh.
- Total investment income $23.5M, down 14.5% QoQ due to lower success fee and dividend income.
- NAV per share $12.99, down 4.1% from $13.55, reflecting $28.8M in distributions paid.
- Invested $62.8M in two new portfolio companies: Smart Chemical Solutions ($49.5M) and Sun State Nursery ($12.8M).
- Post-quarter: $67.6M invested in Global GRAB Technologies; declared $0.08/sh monthly distributions for Q2.