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Gladstone Investment Corporation (GAIN)

BDC - Debt Focused BDC

Data as of June 2, 2023
Market Price $12.85 (- $0.22)
NAV (March 31, 2023) $13.09 ( $0.00)
Fund Listed NASDAQ
Premium / Discount -1.83% (-1.68%)
Fund Info
Inception June 23, 2005
Sponsor Gladstone Management
Website http://ir.gladstoneinv...
Phone (703) 287-5893
Location Virginia
Incorporated Delaware
Staggered Board Yes
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
Capital & Leverage
Outstanding Shares 33,591,505
Total Assets (Reported: March 31, 2023) $765M
Estimated Total Assets $712M
Net Assets $440M
Market Cap $432M
Portfolio Turnover 4.84%
Debt-to-Equity 0.6654
Total Leverage 38.22%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 9.14%
Non Lev Exp Ratio 5.01%
Gross Asset Expense Ratio 5.34%
Gross Asset Non Lev Exp Ratio 2.93%
Rel Lev Cost 6.31%
Discount Data
Average Discount (3 Yr) 5.86%
Discount Low(3 Yr) -24.49%
Discount High(3 Yr) 28.71%
Discount Rel Range (3 Yr) 42.59%
Comp Discount 10.08
Discount St Dev (1Yr) 5.64
Z-Stat (6mo) -0.73
Z-Stat (1Yr) -0.70
Z-Stat (3Yr) -0.62
Comp Z-Stat (6mo) -0.51
Comp Z-Stat (3Yr) -0.32
Distribution Data
Market Yield 7.47%
Income Yield 7.47%
Lev Adj NAV Yield 5.31%
Av Yield on Debt Investments 14.30
Distribution Frequency M
Current Distribution $
Current Income $
Payable Date
Div Growth (3yr) 14.29%
Dividend Change 6.7% on 10/12/22
Expected Div 7/11/23
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Tax Dividend Data 2022 2020 - 2022
Income 61.2% 75.5%
ST Gains 0% 0%
QDI 17.4% 15.0%
LT Gains 38.8% 24.6%
RoC 0% 0%
Volume & Liquidity
Average Daily $ (K) $1,491
Avg Volume 30 day 98,695
Avg Volume 90 day 116,053
Volume Trend -14.96%
Comp Volume Trend -3.75%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's BDC Index
Most Correlated Peer (Mk Pr): ORCC 83.0%
Price St Dev (1Yr) 26.7%
NAV St Dev (1Yr) 2.9%
Earnings / Share (3/31/23) $0.096
Adj Core NII Coverage 107.19%
1 Yr Avg NII Coverage 117.04%
1 Yr Avg Adj Core NII Coverage 116.31%
NII Trend -3.92%
Adj Core NII Trend 2.43%
Price Beta (2yr)
vs. S&P 500 (TR)
Price Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Beta (2yr)
vs. CEFA's Debt-Focused Business Development Company (BDC) Index
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.

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