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Gladstone Capital Corp (GLAD)
NASDAQ:GLAD
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.51Last Year’s EPS
0.25Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 11, 2025
|% Change Since: 3.87%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted robust new investments, increased net investment income, realized and unrealized gains, and a strong dividend yield. However, these positives were tempered by declines in investment income and portfolio yield, as well as challenges with nonearning investments and a foreclosure situation. Overall, the positives slightly outweigh the negatives.Company Guidance
During the Gladstone Capital Corporation's first-quarter earnings call for the fiscal year 2025, strong performance and strategic financial maneuvers were highlighted. The company achieved fundings totaling $152 million, with six new portfolio companies, while exits and prepayments reached $165 million. Despite a decline in investment income to $22 million due to lower SOFR rates, net investment income increased to $11.2 million due to reduced interest and financing costs. The weighted average portfolio yield fell to 13.1%, while the reinvestment of proceeds from ARA boosted senior debt holdings to 73.4% of the portfolio's fair value. Net realized gains were $58 million, contributing to a 22% ROE. The company's net assets rose to $480 million, with NAV per share increasing to $21.51. The company maintained a conservative leverage position at 70% of NAV, offering a robust outlook with continued strong origination activity and promising lower middle-market opportunities.Strong New Investments
Fundings were robust last quarter, totaling $152 million, including six new portfolio companies.
Net Investment Income Increase
Net investment income rose by $300,000 to $11.2 million, showing a 2.5% increase.
Realized and Unrealized Gains
Net realized gains for the quarter were $58 million, contributing to $15.9 million of net realized and unrealized gains.
Portfolio Appreciation
The company experienced a net profitable portfolio appreciation, with a cumulative portfolio appreciation over the past year of $2.53 per share.
Debt Reduction and Asset Growth
Net assets rose to $480 million, and leverage declined to 70% of net assets.
Dividend Yield
The current distribution run rate is producing a yield of about 7%.
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GLAD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GLAD Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 11, 2025 | $27.93 | $28.06 | +0.47% |
| Nov 13, 2024 | $24.72 | $24.61 | -0.44% |
| Aug 07, 2024 | $21.01 | $21.28 | +1.29% |
| May 01, 2024 | $19.76 | $20.09 | +1.67% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gladstone Capital Corp (GLAD) report earnings?
Gladstone Capital Corp (GLAD) is schdueled to report earning on May 06, 2025, TBA Not Confirmed.
What is Gladstone Capital Corp (GLAD) earnings time?
Gladstone Capital Corp (GLAD) earnings time is at May 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GLAD EPS forecast?
GLAD EPS forecast for the fiscal quarter 2025 (Q2) is 0.51.
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