Gladstone Investment Corporation (OQ:GAIN)
Business Focus: Closed End Funds
| Sector: Financials | Industry: Closed End Funds |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1616 ANDERSON RD MCLEAN VA 22102 |
| Tel: | N/A |
| Website: | https://www.gladstoneinvestment.com |
| IR: | See website |
| Key People | ||
| David J. Gladstone Chairman of the Board, Chief Executive Officer | David A.R. Dullum President | Rachael Easton Chief Financial Officer, Treasurer |
| Terry Lee Brubaker Chief Operating Officer, Assistant Secretary | Michael Licalsi General Counsel, Secretary | |
| Business Overview |
| Gladstone Investment Corporation is an externally managed, closed-end, non-diversified management investment company. The Company's 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. It has investments in sectors, such as diversified/conglomerate services, home and office furnishings, housewares, and durable consumer products, and others. Its investment advisor is Gladstone Management Corporation. |
| Financial Overview |
| For the nine months ended 31 December 2023, Gladstone Investment Corporation revenues increased 50% to $108.6M. Net income increased from $30.9M to $62.7M. Revenues reflect Non-Control/Non-Affiliate investments increase from $7.5M to $43.7M, Non-Control/Non-Affiliate investments increase of 38% to $41.4M, Affiliate investments increase of 41% to $18.3M. |
| Employees: | 74 as of Mar 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $920.68M as of Dec 31, 2023 |
| Annual revenue (TTM): | $128.58M as of Dec 31, 2023 |
| EBITDA (TTM): | $71.16M as of Dec 31, 2023 |
| Net annual income (TTM): | $67.38M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$150.30M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $410.69M as of Dec 31, 2023 |
| Shares outstanding: | 35,890,160 as of Feb 5, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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