gladstone investment corporation (nasdaq: gain), a business development company (“bdc”), is a private equity fund focused on acquiring mature, lower middle market companies with attractive fundamentals and strong management teams. as a publicly-traded bdc, gain provides both equity and debt capital, which greatly increases certainty and speed of closing as well as provides gain’s shareholders with both current yield in the form of monthly dividends and potential capital gains upside. in addition to providing most, if not all, of the equity and debt capital required to close a transaction, gain has no partnership end-of-life deadlines and can structure investments in line with the long-term needs of the businesses we invest in. by providing truly patient, long-term capital, gain is a value-added partner to the companies we invest in. we are a part of the gladstone companies, which includes three other affiliated publicly-traded companies: gladstone capital corporation (nasdaq: glad) a b
Company profile
Ticker
GAIN, GAINL, GAINN, GAINZ
Exchange
Website
CEO
David Gladstone
Employees
Incorporated
Location
Fiscal year end
SEC CIK
Corporate docs
Subsidiaries
Gladstone Business Investment, LLC • Gladstone SOG Investments, Inc. • The Mountain Corporation ...
IRS number
830423116
GAIN stock data
Latest filings (excl ownership)
EFFECT
Notice of effectiveness
19 Apr 24
8-K
Regulation FD Disclosure
9 Apr 24
8-K
Gladstone Investment Corporation Reports Financial Results for its
6 Feb 24
10-Q
2024 Q3
Quarterly report
6 Feb 24
8-K
Entry into a Material Definitive Agreement
6 Feb 24
8-K
Regulation FD Disclosure
9 Jan 24
8-K
Submission of Matters to a Vote of Security Holders
5 Jan 24
DEFA14A
Additional proxy soliciting materials
20 Dec 23
DEFA14A
Additional proxy soliciting materials
11 Dec 23
8-K
Gladstone Investment Corporation Reports Financial Results for its
1 Nov 23
Transcripts
GAIN
Earnings call transcript
2024 Q3
7 Feb 24
GAIN
Earnings call transcript
2024 Q2
2 Nov 23
GAIN
Earnings call transcript
2024 Q1
3 Aug 23
GAIN
Earnings call transcript
2023 Q4
11 May 23
GAIN
Earnings call transcript
2023 Q3
2 Feb 23
GAIN
Earnings call transcript
2023 Q2
2 Nov 22
GAIN
Earnings call transcript
2023 Q1
4 Aug 22
GAIN
Earnings call transcript
2022 Q4
12 May 22
GAIN
Earnings call transcript
2022 Q3
9 Feb 22
GAIN
Earnings call transcript
2021 Q2
3 Nov 21
Latest ownership filings
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Mar 23 | Mar 22 | Mar 21 | Mar 20 | |
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 2.58 mm | 2.58 mm | 2.58 mm | 2.58 mm | 2.58 mm | 2.58 mm |
Cash burn (monthly) | 11.72 mm | 26.75 k | 6.27 mm | 846.83 k | (no burn) | (no burn) |
Cash used (since last report) | 79.79 mm | 182.05 k | 42.69 mm | 5.76 mm | n/a | n/a |
Cash remaining | -77.20 mm | 2.40 mm | -40.11 mm | -3.18 mm | n/a | n/a |
Runway (months of cash) | -6.6 | 89.7 | -6.4 | -3.8 | n/a | n/a |
Institutional ownership, Q3 2023
11.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 73 |
Opened positions | 11 |
Closed positions | 13 |
Increased positions | 24 |
Reduced positions | 24 |
13F shares | Current |
---|---|
Total value | 41.74 bn |
Total shares | 4.04 mm |
Total puts | 41.60 k |
Total calls | 63.20 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Van Eck Associates | 559.63 k | $7.13 mm |
LGEN Legal & General | 241.57 k | $3.08 bn |
DAVENPORT & Co | 215.44 k | $2.74 bn |
Outfitter Financial | 214.80 k | $2.74 bn |
Advisors Asset Management | 214.24 k | $2.73 bn |
Advisor | 190.87 k | $2.43 bn |
LPL Financial | 186.56 k | $2.38 bn |
Two Sigma Investments | 169.64 k | $2.16 bn |
Two Sigma Advisers | 161.44 k | $2.06 bn |
Blair William & Co | 153.43 k | $1.95 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
6 Nov 23 | Rachael Z. Easton | Common Stock | Buy | Acquire P | No | No | 14.67 | 650 | 9.54 k | 1,400 |
7 Aug 23 | David A R Dullum | Common Stock | Buy | Acquire P | No | No | 13.3931 | 5,000 | 66.97 k | 149,916 |
16 Mar 23 | Rachael Z. Easton | Common Stock | Buy | Acquire P | No | No | 13.12 | 375 | 4.92 k | 750 |
14 Mar 23 | David A R Dullum | Common Stock | Buy | Acquire P | No | No | 12.84 | 3,000 | 38.52 k | 144,916 |
6 Feb 23 | Walter H Wilkinson | Common Stock | Buy | Acquire P | No | No | 13.96 | 3,661 | 51.11 k | 26,153.54 |
Press releases
Gladstone Investment Announces Monthly Cash Distributions for April, May and June 2024, and Earnings Release and Conference Call Dates for the Fourth Fiscal Quarter
9 Apr 24
Thinking about buying stock in BioNexus Gene Lab, Gladstone Investment Corp, Canopy Growth Corp, Recursion Pharmaceuticals, or Monolithic Power Systems?
14 Feb 24
Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2023
6 Feb 24
Gladstone Investment Corporation Earnings Call and Webcast Information
5 Feb 24
Gladstone Investment to Participate in a Fireside Chat at the Lytham Partners 2024 Investor Select Conference on February 1, 2024
25 Jan 24