Gladstone Investment
Provides debt and equity capital for lower-middle-market U.S. buyouts and recapitalizations.
Something off on this page? Send us feedback.
Profile
Supplies secured debt and equity to mature lower-middle-market U.S. businesses, often providing most or all transaction capital. The externally managed BDC earns current income from credit investments while retaining equity participation in portfolio companies.
Provides debt and equity capital to mature lower-middle-market U.S. businesses in buyouts, changes of control, and recapitalizations. Investments span business and consumer services, consumer products, and manufacturing.
Secured debt is intended to generate current income, while equity interests provide participation in portfolio-company value creation. Transactions are typically executed alongside management teams or independent sponsors, with the fund often supplying most or all of the required capital.
Gladstone Management Corporation serves as the affiliated investment adviser, making the listed BDC externally managed rather than a conventional operating company. Capital deployment depends on portfolio valuations, repayments or exits, lending conditions, and continued access to debt financing.
Company facts
Categories
Key statistics
Year to date +17.7% · Average volume (30d) 193.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| May 14, 2026 | Oppenheimer | Reiterate | Outperform | $15 | $17 | |
| Feb 4, 2026 | Oppenheimer | Reiterate | Outperform | $15 | ||
| May 14, 2025 | Ladenburg Thalmann | Downgrade | Buy | Neutral |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q1 FY27 | $0.22 | $0.26 | +16.9% | $25.8M | $28.4M | +10.1% | −1.60% |
| May 12, 2026Q4 FY26 | $0.22 | $0.20 | −9.1% | $25.8M | $25.2M | −2.4% | −6.97% |
| Feb 3, 2026Q3 FY26 | $0.23 | $0.21 | −10.3% | $25.8M | $25.1M | −3.0% | +2.18% |
| Nov 4, 2025Q2 FY26 | $0.24 | $0.24 | 0.0% | $25.8M | $36.1M | +39.8% | +0.44% |
Financial highlights
| 12 quarters | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|
| Revenue | $25.7M | $25.7M | $36.1M | $25.1M | $25.4M | $19.4M | |
| Gross profit | $16.8M | $16.8M | $26.5M | $20.7M | $1.1M | $19.0M | |
| Operating income | $17.9M | $17.9M | $28.7M | −$6.5M | $93.0M | −$1.0M | |
| Net income | $17.9M | $17.9M | $28.7M | $65.9M | $82.4M | −$11.9M | |
| Diluted EPS | $0.49 | $0.21 | $0.75 | $1.66 | $2.07 | −$0.30 | |
| Gross margin | 65.1% | 65.1% | 73.3% | 82.4% | 4.2% | 98.3% | |
| Operating margin | 69.4% | 69.4% | 79.5% | -26.0% | 366.7% | -5.3% |
Fiscal years (4-quarter sums)FY22 $112.2M · FY23 $48.5M · FY24 $103.2M · FY25 $89.9M · FY26 $112.3M
Balance sheet, Jun 30, 2026Cash & short-term investments $11.6M · Total debt $570.8M · Total assets $1.30B · Shareholders' equity $646.8M
Dividends
Raised for 16 straight years — most recently to $0.08 from $0.075 in Oct 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 18, 2026 | Aug 18 | Aug 31 | $0.08 | |
| Jul 24, 2026 | Jul 24 | Jul 31 | $0.08 | |
| Jun 23, 2026 | Jun 23 | Jun 30 | $0.08 | |
| May 20, 2026 | May 20 | May 29 | $0.08 | |
| Apr 24, 2026 | Apr 24 | Apr 30 | $0.08 | |
| Mar 23, 2026 | Mar 23 | Mar 31 | $0.08 | |
| Feb 18, 2026 | Feb 18 | Feb 27 | $0.08 | |
| Jan 23, 2026 | Jan 23 | Jan 30 | $0.08 |
Ownership
Shares outstanding 39.82M · Float 38.93M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Van Eck Associates Corp | 804.1K | 2.02% | 13F | Aug 14, 2026 |
| Melia Wealth LLC | 656.3K | 1.65% | 13F | Aug 17, 2026 |
| UBS Group AG | 618.1K | 1.55% | 13F | Aug 13, 2026 |
| Two Sigma Investments, LP | 584.1K | 1.47% | 13F | Aug 14, 2026 |
| Cooper Creek Partners Management LLC | 576.3K | 1.45% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +1,500 | $16.20 |
| May 15, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +450 | $16.50 |
| May 18, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +150 | $16.29 |
| May 19, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +315 | $16.13 |
Peers
- Main Street Capital
Customized lower-middle-market debt and equity capital
- Capital Southwest
Flexible lower-middle-market debt with equity co-investments
- Golub Capital BDC
Unitranche and senior-secured lending for sponsor-backed companies
- Barings BDC
Senior-secured private debt for sponsor-backed middle-market businesses
- Blue Owl Capital
Debt and equity investments for U.S. middle-market companies
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gladstone Investment | $16.40 | −0.06% | $654.3M | 3.9 | 18.0 | 6.2 | +10.2% |
| Main Street Capital | $58.45 | −0.18% | $5.44B | 11.8 | 15.4 | 7.8 | −26.1% |
| Capital Southwest | $25.38 | −0.33% | $1.58B | 14.1 | 10.9 | 6.9 | −21.6% |
| Golub Capital BDC | $13.03 | +0.04% | $3.39B | 23.7 | 10.1 | 4.7 | −14.2% |
| Barings BDC | $9.37 | +0.21% | $979.0M | 11.3 | 9.0 | 3.8 | +42.3% |
| Blue Owl Capital | $11.37 | +0.64% | $5.61B | 20.2 | 8.8 | 4.0 | −20.8% |
| Median | 14.1 | 10.1 | 4.7 | −20.8% |