Gladstone Investment Corporation (GAIN) news stock charts
Gladstone Investment Corporation (GAIN) Investment Summary:
We were incorporated under the General Corporation Laws of the State of Delaware on February 18, 2005. On June 22, 2005 we completed an initial public offering and commenced operations. We were primarily established for the purpose of investing in subordinated loans, mezzanine debt, preferred stock and warrants to purchase common stock of small and medium-sized companies in connection with buyouts and other recapitalizations. We also invest in common stock and senior syndicated loans. Our investment objective is to generate both current income and capital gains through these debt and equity instruments. We operate as a closed-end, non-diversified management investment company and have elected to be treated as a business development company ("BDC") under the Investment Company Act of 1940, as amended, (the "1940 Act"). ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2008%2f05%2f21%2f0001047469-08-006866.html#FIS_BUSINESS"GLADSTONE INVESTMENT CORP (GAIN:NASDAQ)
Snapshot of GLADSTONE INVESTMENT CORP (GAIN)
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OPEN
$6.18
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PREVIOUS CLOSE
$6.23
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DAY HIGH
$6.31
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DAY LOW
$6.10
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52 WEEK HIGH
03/18/10 - $6.31
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52 WEEK LOW
03/30/09 - $3.16
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MARKET CAP
136.9M
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AVERAGE VOLUME 10 D
58.0K
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EPS TTM
$0.21
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SHARES OUTSTANDING
22.1M
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EX-DATE
03/19/10
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P/E TTM
29.5x
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DIVIDEND
$0.48
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DIVIDEND YIELD
7.74%
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| K = Thousands M = Millions B = Billions | ||
Key developments for GLADSTONE INVESTMENT CORP (GAIN)
Gladstone Investment Corporation announced unaudited consolidated earnings results for the third quarter and nine months ended December 31, 2009. For the quarter, the company reported net investment income of $3,073,000 compared to $3,587,000 for the same period a year ago. Net decrease in net assets resulting from operations was $4,420,000 or $0.20 basic and diluted per share compared to $3,940,000 or $0.20 basic and diluted per share for the same period a year ago. For the nine months, the company reported net investment income of $7,889,000 compared to $10,421,000 for the same period a year ago. Net decrease in net assets resulting from operations was $31,699,000 or $1.44 basic and diluted per share compared to $7,467,000 or $0.35 basic and diluted per share for the same period a year ago. As on December 31, 2009, the net asset value per share was $7.93 compared to $10.15 on December 31, 2008. The decrease in Net Investment Income was primarily driven by a reduction of the Company's investment portfolio as a result of the sale of the majority of its senior syndicated loans (primarily to pay off its prior line of credit) during the nine months ended December 31, 2009, partially offset by decreased interest expense on lower outstanding borrowings when compared to the prior year periods. The difference in net decrease in net assets resulting from operations for both the three and nine month periods ended December 31, 2009, as compared to their respective prior year periods, were due to continuing devaluations, primarily in the Company's equity holdings of its Control investments.
David Watson was appointed by the Board of Directors of Gladstone Investment Corporation to be the company's Chief Financial Officer, effective January 25, 2010. Prior to joining the Company, Mr. Watson served as Director of Portfolio Accounting for MCG Capital Corporation from August 2007 to January 2010. From July 2001 to July 2007, Mr. Watson was employed by Capital Advisory Services, LLC, which subsequently joined Navigant Consulting Inc., where he held various positions providing finance and accounting consulting services.
Gladstone Investment Corporation announced that they will report Q3, 2010 results after the market closes on February 08, 2010.
Gladstone Investment Corporation financial resources
GAIN Competitors
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Industry Analysis
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| Price/Cash Flow | -- | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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GAIN transactions
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| No transactions in the last 6 months. | ||
More Recent Financial News About Gladstone Investment Corporation
Gladstone Investment Corporation Reports Financial Results for the Third Quarter Ended December 31, 2009
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Gladstone Investment Corporation Reports Financial Results for the Third Quarter Ended December 31, 2009
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GLADSTONE INVESTMENT CORPORATIONDE Files SEC form 8-K, Results of Operations and Financial Condition, Financial Stat
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GLADSTONE INVESTMENT CORPORATIONDE Files SEC form 10-Q, Quarterly Report
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Gladstone Investment Corporation Q3 2009 Earnings Call Transcript
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Gladstone Investment Corporation Reports Financial Results for the Third Quarter Ended December 31, 2009
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Q3 2009 GLADSTONE INVT CORP Earnings Release - After Market Close
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GLADSTONE INVESTMENT CORPORATIONDE Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statemen
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Gladstone Investment Announces Third Quarter Earnings Release and Conference Call Dates
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Gladstone Investment Corporation Announces Monthly Cash Distributions for January, February and March
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Shareholders Approve All Proxy Proposals At Gladstone Investment Annual Shareholders Meeting
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Gladstone Investment Announces Second Quarter Earnings Release and Conference Call Dates
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Gladstone Investment Announces Monthly Cash Distributions for October, November and December
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GLADSTONE INVESTMENT CORPORATIONDE Files SEC form 8-K, Creation of a Direct Financial Obligation or an Obligation un
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Gladstone Investment Corporation Reports Financial Results for the Second Quarter Ended September 30, 2009
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Q2 2009 GLADSTONE INVT CORP Earnings Release - After Market Close
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GLADSTONE INVESTMENT CORPORATIONDE Files SEC form 8-K, Results of Operations and Financial Condition, Financial Stat
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GLADSTONE INVESTMENT CORPORATIONDE Files SEC form 8-K, Change in Directors or Principal Officers
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