Gladstone Investment Corporation Stock Earnings Reports
Gladstone Investment Earnings Calls
Release date | May 13, 2025 |
EPS estimate | $0.230 |
EPS actual | - |
Revenue estimate | 24.959M |
Revenue actual | - |
Expected change | +/- 2.32% |
Release date | Feb 12, 2025 |
EPS estimate | $0.240 |
EPS actual | $0.230 |
EPS Surprise | -4.17% |
Revenue estimate | 22.883M |
Revenue actual | 20.528M |
Revenue Surprise | -10.29% |
Release date | Nov 08, 2024 |
EPS estimate | $0.250 |
EPS actual | $0.240 |
EPS Surprise | -4.00% |
Revenue estimate | 22.72M |
Revenue actual | 20.996M |
Revenue Surprise | -7.59% |
Release date | Aug 05, 2024 |
EPS estimate | $0.250 |
EPS actual | $0.240 |
EPS Surprise | -4.00% |
Revenue estimate | 24.04M |
Revenue actual | 22.18M |
Revenue Surprise | -7.74% |
Last 4 Quarters for Gladstone Investment
Below you can see how GAIN performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Aug 05, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $13.19 |
EPS estimate | $0.250 |
EPS actual | $0.240 |
EPS surprise | -4.00% |
Date | Price |
---|---|
Jul 30, 2024 | $14.15 |
Jul 31, 2024 | $14.02 |
Aug 01, 2024 | $13.97 |
Aug 02, 2024 | $13.73 |
Aug 05, 2024 | $13.19 |
Aug 06, 2024 | $12.56 |
Aug 07, 2024 | $12.61 |
Aug 08, 2024 | $12.73 |
Aug 09, 2024 | $12.90 |
4 days before | -6.78% |
4 days after | -2.20% |
On release day | -4.78% |
Change in period | -8.83% |
Release date | Nov 08, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $13.39 |
EPS estimate | $0.250 |
EPS actual | $0.240 |
EPS surprise | -4.00% |
Date | Price |
---|---|
Nov 04, 2024 | $13.17 |
Nov 05, 2024 | $13.40 |
Nov 06, 2024 | $13.61 |
Nov 07, 2024 | $13.80 |
Nov 08, 2024 | $13.39 |
Nov 11, 2024 | $13.52 |
Nov 12, 2024 | $13.53 |
Nov 13, 2024 | $13.70 |
Nov 14, 2024 | $13.67 |
4 days before | 1.67% |
4 days after | 2.09% |
On release day | 0.97% |
Change in period | 3.80% |
Release date | Feb 12, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $13.31 |
EPS estimate | $0.240 |
EPS actual | $0.230 |
EPS surprise | -4.17% |
Date | Price |
---|---|
Feb 06, 2025 | $13.53 |
Feb 07, 2025 | $13.57 |
Feb 10, 2025 | $13.52 |
Feb 11, 2025 | $13.48 |
Feb 12, 2025 | $13.31 |
Feb 13, 2025 | $13.84 |
Feb 14, 2025 | $13.97 |
Feb 18, 2025 | $13.94 |
Feb 19, 2025 | $13.80 |
4 days before | -1.63% |
4 days after | 3.68% |
On release day | 3.98% |
Change in period | 2.00% |
Release date | May 13, 2025 |
Fiscal end date | Mar 30, 2025 |
Price on release | - |
EPS estimate | $0.230 |
EPS actual | - |
Date | Price |
---|---|
Apr 11, 2025 | $13.25 |
Apr 14, 2025 | $13.46 |
Apr 15, 2025 | $13.71 |
Apr 16, 2025 | $13.69 |
Apr 17, 2025 | $13.89 |
Gladstone Investment Earnings Call Transcript Summary of Q4 2024
Patterns of investing and dividend structures were discussed due to the growth of the company since its inception in 2005.
Financial Highlights:
- Adjusted Net Investment Income (NII): $1 per share for FY 2024.
- Portfolio Value: Increased significantly to $921 million from $754 million year-over-year.
- Investments: Total investments of $184 million in FY 2024, up from $134 million in the previous year.
- Includes $61 million in new buyouts and $123 million in add-ons/recapitalizations to existing portfolio companies.
- Earnings: Total investment income rose to $87.3 million from $81.5 million in FY 2023, albeit slight decrease in adjusted NII from $1.10 to $1 per share due to higher incentive fees.
- Distributions: Maintained monthly distributions at $0.08 per share and $1.24 in supplemental distributions, totaling $2.20 per share for the fiscal year, which equates to a yield of approximately 15.5%.
Portfolio Performance and Management:
- The number of portfolio companies in non-accrual status decreased from three to two.
- Company management is optimistic regarding portfolio performance, focusing on the potential for exits and capital gains.
- Ongoing efforts to rectify underperforming investments through management changes and recapitalization were noted, especially for companies like "Hobbs" and "Edge".
Market Outlook:
- Deal Flow: There is an increase in deal flow with a growing backlog of opportunities. However, there are concerns about the quality of some of these deals, specifically high valuations discouraging investment.
- Competitive Environment: The competition for quality private equity investments remains strong, causing Gladstone to be cautious in their valuations and acquisition strategy.
- Inflation Implications: Management expressed that inflation could assist in yielding favorable capital gains over time as values increase.
Management Perspective:
- Leadership conveyed confidence in the portfolio’s momentum and ability to sustain earnings and distributions.
- Future strategy will involve balancing realization of gains with maintaining sufficient portfolio assets to support ongoing distributions.
Conclusion for Investors:
Gladstone Investment Corporation's fourth-quarter performance illustrates solid growth while maintaining a strong balance sheet with low leverage. The company’s disciplined approach to investment and proactive management of portfolio performance should maintain shareholder returns, particularly in the context of a favorable market environment for private equity acquisitions. Investors can anticipate consistent monthly distributions coupled with potential supplemental payouts as capital gains are realized from successfully exited investments.