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Gladstone Investment Corporation (GAIN)

BDC - Debt Focused BDC

Data as of Oct. 9, 2024
Current
Market Price $13.59 (+ $0.15)
NAV (June 23, 2024) $13.01 ( $0.00)
Fund Listed NASDAQ
Premium / Discount 4.46% (+1.15%)
Fund Info
Inception June 23, 2005
Sponsor Gladstone Management
Website http://ir.gladstoneinv...
Phone (703) 287-5893
Location Virginia
Incorporated Delaware
Staggered Board Yes
Term Date N/A
Objective: Current income and capital gains through investing in debt and equity securities of established private businesses operating in the United States.
Related Indexes
Debt-Focused Business Development Company (BDC) Index
Premium CEF/BDC Index
Capital & Leverage
Outstanding Shares 36,688,667
Total Assets (Reported: June 30, 2024) $914M
Estimated Total Assets $841M
Net Assets $477M
Market Cap $499M
Portfolio Turnover 0.26%
Debt-to-Equity 0.8282
Total Leverage 43.25%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 8.01%
Non Lev Exp Ratio 2.18%
Gross Asset Expense Ratio 4.27%
Gross Asset Non Lev Exp Ratio 1.16%
Rel Lev Cost 7.19%
Discount Data
Average Discount (3 Yr) 6.18%
Discount Low(3 Yr) -12.69%
Discount High(3 Yr) 28.71%
Discount Rel Range (3 Yr) 41.42%
Comp Discount 9.40
Discount St Dev (1Yr) 5.13
Z-Stat
Z-Stat (6mo) 0.03
Z-Stat (1Yr) 0.01
Z-Stat (3Yr) -0.20
Comp Z-Stat (6mo) 0.47
Comp Z-Stat (3Yr) -0.26
Distribution Data
Market Yield 7.06%
Income Yield 3.53%
Lev Adj NAV Yield 5.15%
Av Yield on Debt Investments 14.50
Distribution Frequency M
Current Distribution $0.080
Current Income $0.040
Ex-Date 10/22/24
Payable Date 10/31/24
Div Growth (3yr) 6.67%
Dividend Change 6.7% on 10/12/22
Expected Div 1/14/25
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2023 2021 - 2023
Income 53.2% 61.9%
ST Gains 0% 0%
QDI 7.6% 15.3%
LT Gains 46.8% 38.1%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $2,258
Avg Volume 30 day 219,636
Avg Volume 90 day 166,150
Volume Trend 32.19%
Comp Volume Trend 28.50%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
28.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
46.0%
Price Correlation (1yr)
vs. CEFA's BDC Index
66.0%
Most Correlated Peer (Mk Pr): GLAD 62.0%
Price St Dev (1Yr) 21.5%
NAV St Dev (1Yr) 8.6%
Earnings
Earnings / Share (6/30/24) $0.113
Adj Core NII Coverage 97.96%
1 Yr Avg NII Coverage 73.75%
1 Yr Avg Adj Core NII Coverage 101.13%
NII Trend 115.26%
Adj Core NII Trend -4.48%
Performance
Price Beta (2yr)
vs. S&P 500 (TR)
0.58
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.89
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
1.01
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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