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Stock impact report

Gladstone Capital: Solid Distribution Coverage But Rising Non-Accruals (Rating Downgrade) [Seeking Alpha]

Gladstone Capital Corporation - Closed End Fund (GLAD) 
Last gladstone capital corporation - closed end fund earnings: 2/5 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstonecapital.com
Company Research Source: Seeking Alpha
Gladstone Capital operates as a business development company that focuses on making debt investments to middle market companies. GLAD's portfolio strategy has exposure to 94% floating rate investments, which has helped them capitalize on higher interest rates. However, interest rates may get cut and negatively impact earnings. GLAD's Q3 earnings showed a 14% increase in net investment income. The price currently trades at a higher premium to NAV than average, making accumulation of shares less attractive here. The dividend yield of 8.6% remains supported by net investment income at a coverage rate of 111.7%. DNY59 Overview I previously covered Gladstone Capital ( NASDAQ: GLAD ) a quarter ago in mid-May. I issued a buy rating on GLAD due to its attractive valuation and less risky offering than its peer fund, Gladstone Investment ( Recommended For You About GLAD Ticker Related Stocks Trending Analysis Trending News Show less Read more
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