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Gladstone Capital Corporation
NASDAQ: GLAD Financials AMC 🔎 Screen
🏹 Trader: 🎯 Near 52W High | BRS 61 Forming View all →
$426M
Market Cap
8.6
P/E
2.85
PEG
ROCE
9.2%
ROE
0.79
D/E
OPM
-8.2%
% from 52W High
41
α RS
🌏 Global Investor Returns
Currency-adjusted total returns for GLAD including FX impact
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📈 Price History
Ratio Health
Excellent
Good
Average
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By Category
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About

Gladstone Capital Corporation is a business development company specializing in private equity and venture capital investments with a focus on lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States. It is industry agnostic and seeks to invest in companies engaged in the business services, movies and entertainment, broadcasting and publishing, automobiles and components, food, beverage and tobacco, light and specialty manufacturing, niche industrial products and services, commercial services and supplies, specialty consumer products and services, construction machinery and heavy transportation equipment, energy services, agricultural and farm machinery, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense. The fund seeks to invest in debt between $8 million and $40 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million. It prefers to acquire minority stakes. It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.

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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q3 2026 Q3 2026 2026-08-05
Net investment income covered 109% of distributions, with interest income up 4.7% and stable portfolio yields. Non-accruals rose to 5%, but strong originations and a robust pipeline support continued growth and dividend coverage.
Q2 2026 Q2 2026 2026-05-07
Earnings for the quarter were solid, with stable portfolio quality, strong net investment income, and NAV growth. The company maintains conservative leverage, ample liquidity, and expects continued modest asset growth, with stable spreads and a focus on lower middle market opportunities.
Q1 2026 Q1 2026 2026-02-05
Net originations and interest income grew, supported by a robust deal pipeline and conservative leverage. Dividend coverage remains strong despite rate headwinds, with ample liquidity and a focus on lower middle market investments.
Q4 2025 Q4 2025 2025-11-18
Record originations and strong asset growth drove a 14% rise in interest income and higher NAV per share, despite a modest decline in portfolio yield due to lower base rates. Conservative leverage, successful refinancing, and a robust deal pipeline position the company for continued growth and sustainable dividends.
Q3 2025 Q3 2025 2025-08-05
Net investment income held steady at $11.3M as portfolio yield rose to 12.8%, with strong new deal activity and leverage increasing to 81% of NAV post-quarter. Management expects portfolio growth to resume, supported by a robust pipeline and healthy market conditions.
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📊 Analysis Methodology

This comprehensive investment analysis was conducted using The Finmagine™ Stock Analysis & Ranking Methodology, a proprietary framework that systematically evaluates stocks across five critical dimensions: Financial Health, Growth Prospects, Competitive Positioning, Management Quality, and Valuation.

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

⚠️ Important Disclaimers — Please read without fail.

Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

Not SEC-Registered:
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Conflict of Interest Disclosure:
The author and/or analyst may currently hold or have previously held positions in the securities discussed. Any such positions are not intended to influence the objectivity or independence of the analysis. This research is produced independently and is not sponsored, endorsed, or commissioned by any company or institution.

Information Sources:
The analysis is based on publicly available information including SEC filings (10-K, 10-Q), annual reports, management commentary, and publicly available financial data. Information is believed to be accurate as of the date of publication but may be subject to change without notice. Readers are encouraged to independently verify all information before acting upon it.

Forward-Looking Statements:
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