Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2020 – Yahoo Finance

Posted: November 3, 2020 at 4:54 pm


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MCLEAN, VA / ACCESSWIRE / November 3, 2020 / Gladstone Investment Corporation (NASDAQ:GAIN) (the "Company") today announced earnings for its second fiscal quarter ended September 30, 2020. Please read the Company's Quarterly Report on Form 10-Q filed today with the U.S. Securities and Exchange Commission (the "SEC"), which is available on the SEC's website at http://www.sec.gov or the investors section of the Company's website at http://www.gladstoneinvestment.com.

Summary Information: (dollars in thousands, except per share data (unaudited)):

September 30, 2020

June 30, 2020

Change

%

Change

For the quarter ended:

Total investment income

$

11,840

$

10,707

$

1,133

10.6

%

Total expenses, net(A)

7,472

6,534

938

14.4

Net investment income(A)

4,368

4,173

195

4.7

Net realized gain

621

753

(132

)

(17.5

)

Net unrealized appreciation (depreciation)

1,641

(4,887

)

6,528

NM

Net increase in net assets resulting from operations(A)

6,630

39

6,591

NM

Net investment income per weighted-average common share(A)

0.13

0.13

-

-

Adjusted net investment income per weighted-average common share(B)

0.15

0.11

0.04

36.4

Net increase in net assets resulting from operations per weighted-average common share(A)

0.20

-

0.20

100.0

Cash distribution per common share from net investment income

0.20

0.28

(0.08

)

(28.6

)

Cash distribution per common share from net realized gains(C)

0.01

0.02

(0.01

)

(50.0

)

Weighted-average yield on interest-bearing investments

12.1

11.8

0.3

2.5

Total dollars invested

$

57,082

$

300

$

56,782

NM

Total dollars repaid and

collected from sales

1,484

620

864

139.4

As of:

Total investments, at fair value

$

608,962

$

561,342

$

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Gladstone Investment Corporation Reports Financial Results for its Second Quarter Ended September 30, 2020 - Yahoo Finance

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November 3rd, 2020 at 4:54 pm

Posted in Investment