Gladstone Investment (GAIN) Q4 2025 Earnings Call Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 14 2025
0mins
Source: SeekingAlpha
Adjusted Net Investment Income (NII) $0.97 per share, up from $1.00 per share in the prior fiscal year.
Total Fair Value of Portfolio $979 million, up from $921 million at the prior year end.
Total Investment Income $93.7 million, up from $87.3 million in the prior year.
Total Investments Made $221 million, up from $184 million in the prior year.
Monthly Distribution to Shareholders $0.08 per share, totaling $0.96 per share annually.
Supplemental Distribution $1.66 per share for the year, including a $0.70 per share and an additional $0.54 per share declared.
Net Expenses for the Quarter $20.3 million, up from $20.2 million in the prior quarter.
Net Investment Income for the Quarter $7.2 million, compared to $1.2 million in the prior quarter.
Adjusted Net Investment Income for the Quarter $9.4 million or $0.26 per share, up from $8.6 million or $0.23 per share in the prior quarter.
Net Asset Value (NAV) $13.55 per share, up from $13.30 per share at the end of the prior quarter.
Leverage Position Asset coverage ratio of 204%, providing cushion to the required 150% coverage ratio.
Spillover $55.3 million or $1.50 per share, sufficient to cover current monthly distribution.
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Analyst Views on GAIN
Wall Street analysts forecast GAIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GAIN is 14.00 USD with a low forecast of 14.00 USD and a high forecast of 14.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 13.830
Low
14.00
Averages
14.00
High
14.00
Current: 13.830
Low
14.00
Averages
14.00
High
14.00
About GAIN
Gladstone Investment Corporation is a business development company that seeks to make secured debt and equity investments in lower middle market businesses in the United States. The Company operates as an externally managed, closed-end, non-diversified management investment company. Its investment objectives are to achieve and grow current income by investing in debt securities of established businesses that it believes will provide stable earnings and cash flow to pay expenses, make principal and interest payments on its outstanding indebtedness and make distributions to stockholders that grow over time; and provide its stockholders with long-term capital appreciation in the value of its assets by investing in equity securities of established businesses, generally in combination with the aforementioned debt securities, that it believe can grow over time to permit them to sell its equity investments for capital gains. Its investment advisor is Gladstone Management Corporation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Gladstone Investment (GAIN) Declares $0.08 Monthly Dividend with 6.92% Yield
- Stable Monthly Dividend: Gladstone Investment has declared a monthly dividend of $0.08 per share, consistent with previous distributions, demonstrating the company's stability and commitment to shareholder returns in the current market environment.
- Attractive Yield: The forward yield of 6.92% not only appeals to yield-seeking investors but also enhances the company's attractiveness in a competitive market landscape.
- Dividend Payment Schedule: The dividend is payable on January 30, with a record date of January 23 and an ex-dividend date also on January 23, indicating the company's ongoing commitment to its shareholders through timely distributions.
- Financial Health Indicator: Amid a competitive M&A landscape, Gladstone Investment reported an adjusted net investment income of $0.24, signaling robust financial health while expanding its investment portfolio.
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Gladstone Investment Acquires Rowan Energy to Expand Energy Exposure
- Acquisition Expansion: Gladstone Investment Corporation announced the acquisition of Rowan Energy, based in Oklahoma, providing the majority of equity and senior secured debt, which is expected to enhance its competitive position in the oil and gas services market.
- Market Positioning: Rowan Energy focuses on advanced frac sand filtration and field operations support, crucial for ensuring drilling and completion projects stay on schedule, and Gladstone's investment will likely improve market standing and customer satisfaction.
- Investment Strategy: As a business development company, Gladstone employs a mixed debt and equity investment model targeting lower middle-market businesses, and this acquisition is expected to further optimize its portfolio and enhance cash flow stability.
- Growth Potential: Gladstone's Senior Managing Director Christopher Lee noted that Rowan's commitment to customer solutions is central to its growth, indicating significant future potential and reflecting the company's long-term optimism in the energy services sector.
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