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Gladstone Capital Corporation (GLAD)

BDC - Debt Focused BDC

Data as of March 27, 2024
Current
Market Price $10.59 (+ $0.16)
NAV (Dec. 31, 2023) $9.61 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 10.20% (+1.66%)
Fund Info
Inception Aug. 27, 2001
Sponsor Gladstone Management
Website http://ir.gladstonecap...
Phone (703) 287-5893
Location Virginia
Incorporated Maryland
Staggered Board Yes
Term Date N/A
Objective: Current income and capital appreciation; debt and equity investments
Related Indexes
Debt-Focused Business Development Company (BDC) Index
Capital & Leverage
Outstanding Shares 43,508,897
Total Assets (Reported: Dec. 31, 2023) $766M
Estimated Total Assets $749M
Net Assets $418M
Market Cap $461M
Portfolio Turnover 12.14%
Debt-to-Equity 0.8096
Total Leverage 44.14%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 10.93%
Non Lev Exp Ratio 5.64%
Gross Asset Expense Ratio 5.89%
Gross Asset Non Lev Exp Ratio 3.04%
Rel Lev Cost 6.46%
Discount Data
Average Discount (3 Yr) 16.03%
Discount Low(3 Yr) -8.26%
Discount High(3 Yr) 46.36%
Discount Rel Range (3 Yr) 33.79%
Comp Discount 12.44
Discount St Dev (1Yr) 4.99
Z-Stat
Z-Stat (6mo) 0.58
Z-Stat (1Yr) 0.55
Z-Stat (3Yr) -0.49
Comp Z-Stat (6mo) 0.02
Comp Z-Stat (3Yr) -0.80
Distribution Data
Market Yield 9.35%
Income Yield 9.35%
Lev Adj NAV Yield 7.15%
Av Yield on Debt Investments 13.90
Distribution Frequency M
Current Distribution $0.083
Current Income $0.083
Ex-Date 3/20/24
Payable Date 3/29/24
Div Growth (3yr) 26.92%
Dividend Change 3.1% on 7/11/23
Expected Div 4/9/24
RoC (1yr) 0.00%
RoC (3yr) 2.09%
Tax Dividend Data 2023 2021 - 2023
Income 100% 97.7%
ST Gains 0% 0%
QDI 2.9% 6.8%
LT Gains 0% 0%
RoC 0% 2.3%
Volume & Liquidity
Average Daily $ (K) $2,797
Avg Volume 30 day 218,064
Avg Volume 90 day 264,100
Volume Trend -17.43%
Comp Volume Trend -24.86%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
48.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
59.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
77.0%
Most Correlated Peer (Mk Pr): OCSL 68.0%
Price St Dev (1Yr) 17.6%
NAV St Dev (1Yr) 3.2%
Earnings
Earnings / Share (12/31/23) $0.091
Adj Core NII Coverage 110.82%
1 Yr Avg NII Coverage 110.75%
1 Yr Avg Adj Core NII Coverage 110.75%
NII Trend -6.18%
Adj Core NII Trend -6.18%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.79
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.86
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
0.91
Portfolio Data
Avg Libor Floor % %
% Loans with Libor Floor 0%

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NOTES: Distribution type sourced from CEFdata.com. For specific information about a fund's distribution sources, visit the fund sponsor's website.

The following information applies to closed-end funds and business development companies in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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