Gladstone Investment
Market Cap
US$394.1m
Last Updated
2021/02/26 23:50 UTC
Data Sources
Company Financials +
Executive Summary
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. More Details
Rewards
Snowflake Analysis
Similar Companies
Share Price & News
How has Gladstone Investment's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: GAIN is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: GAIN's weekly volatility (3%) has been stable over the past year.
Market Performance
7 Day Return
-0.08%
GAIN
-2.6%
US Capital Markets
-4.6%
US Market
1 Year Return
3.7%
GAIN
38.0%
US Capital Markets
38.5%
US Market
Return vs Industry: GAIN underperformed the US Capital Markets industry which returned 36.4% over the past year.
Return vs Market: GAIN underperformed the US Market which returned 38.9% over the past year.
Shareholder returns
| GAIN | Industry | Market | |
|---|---|---|---|
| 7 Day | -0.08% | -2.6% | -4.6% |
| 30 Day | 13.6% | 8.5% | 0.6% |
| 90 Day | 18.2% | 14.9% | 1.9% |
| 1 Year | 13.8%3.7% | 41.3%38.0% | 41.5%38.5% |
| 3 Year | 59.4%22.9% | 39.5%29.1% | 56.7%46.7% |
| 5 Year | 165.6%70.3% | 140.6%110.9% | 123.5%98.6% |
Long-Term Price Volatility Vs. Market
How volatile is Gladstone Investment's share price compared to the market and industry in the last 5 years?
Simply Wall St News
3 years ago | Simply Wall St
Is Gladstone Investment Corporation (GAIN) Undervalued?3 years ago | Simply Wall St
Should You Be Tempted To Buy Gladstone Investment Corporation (GAIN) Because Of Its PE Ratio?3 years ago | Simply Wall St
What You Must Know About Gladstone Investment Corporation's (GAIN) ROEValuation
Is Gladstone Investment undervalued compared to its fair value and its price relative to the market?
40.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GAIN ($11.87) is trading below our estimate of fair value ($19.95)
Significantly Below Fair Value: GAIN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GAIN is unprofitable, so we can't compare its PE Ratio to the US Capital Markets industry average.
PE vs Market: GAIN is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate GAIN's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: GAIN is good value based on its PB Ratio (1.1x) compared to the US Capital Markets industry average (10.9x).
Future Growth
How is Gladstone Investment forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
28.1%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GAIN is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2%).
Earnings vs Market: GAIN is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: GAIN's is expected to become profitable in the next 3 years.
Revenue vs Market: GAIN's revenue (6.7% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: GAIN's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if GAIN's Return on Equity is forecast to be high in 3 years time
Past Performance
How has Gladstone Investment performed over the past 5 years?
-16.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GAIN is currently unprofitable.
Growing Profit Margin: GAIN is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: GAIN is unprofitable, and losses have increased over the past 5 years at a rate of 16.3% per year.
Accelerating Growth: Unable to compare GAIN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: GAIN is unprofitable, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.9%).
Return on Equity
High ROE: GAIN has a negative Return on Equity (-4.25%), as it is currently unprofitable.
Financial Health
How is Gladstone Investment's financial position?
Financial Position Analysis
Short Term Liabilities: GAIN's short term assets ($9.3M) do not cover its short term liabilities ($18.7M).
Long Term Liabilities: GAIN's short term assets ($9.3M) do not cover its long term liabilities ($234.2M).
Debt to Equity History and Analysis
Debt Level: GAIN's debt to equity ratio (64.5%) is considered high.
Reducing Debt: GAIN's debt to equity ratio has reduced from 82.3% to 64.5% over the past 5 years.
Debt Coverage: GAIN's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: GAIN is unprofitable, therefore interest payments are not well covered by earnings.
Balance Sheet
Dividend
What is Gladstone Investment current dividend yield, its reliability and sustainability?
7.83%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: GAIN's dividend (7.83%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: GAIN's dividend (7.83%) is in the top 25% of dividend payers in the US market (3.72%)
Stability and Growth of Payments
Stable Dividend: GAIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: GAIN's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: GAIN is paying a dividend but the company is unprofitable.
Future Payout to Shareholders
Future Dividend Coverage: GAIN's dividends in 3 years are not forecast to be well covered by earnings (111.4% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
13.1yrs
Average management tenure
CEO
David Gladstone (78 yo)
16yrs
Tenure
Mr. David John Gladstone has been the Chief Executive Officer, President, Chief Investment Officer and Director of Gladstone Acquisition Corporation since January 2021 and serves as its Chairman. He is a F...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 16yrs | no data | 1.98% $ 7.8m | |
| Vice Chairman | 16yrs | no data | 0.049% $ 192.7k | |
| President | 12.83yrs | US$33.00k | 0.38% $ 1.5m | |
| CFO & Treasurer | 5.58yrs | US$65.67k | 0.012% $ 47.5k | |
| Investor Relations Specialist | no data | no data | no data | |
| General Counsel & Secretary | 11.33yrs | no data | 0.028% $ 108.5k | |
| Chief Compliance Officer | 13.42yrs | no data | no data | |
| Head of Resources Management | 16.83yrs | no data | no data | |
| Managing Director | no data | no data | no data | |
| Executive VP & Managing Director | no data | no data | no data | |
| Managing Director | no data | no data | no data | |
| Executive VP & Managing Director | 2.58yrs | no data | no data |
13.1yrs
Average Tenure
72yo
Average Age
Experienced Management: GAIN's management team is seasoned and experienced (13.1 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 16yrs | no data | 1.98% $ 7.8m | |
| Vice Chairman | 16yrs | no data | 0.049% $ 192.7k | |
| Independent Director | 6.33yrs | US$42.00k | 0.054% $ 211.1k | |
| Independent Director | 15.67yrs | US$38.00k | 0.0042% $ 16.5k | |
| Independent Director | 15.67yrs | US$49.50k | 0.047% $ 184.0k | |
| Lead Independent Director | no data | US$39.00k | 0.024% $ 92.9k | |
| Independent Director | 15.67yrs | US$53.00k | 0.013% $ 51.9k | |
| Independent Director | 6.25yrs | US$45.00k | 0.0059% $ 23.3k |
15.7yrs
Average Tenure
75yo
Average Age
Experienced Board: GAIN's board of directors are seasoned and experienced ( 15.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Gladstone Investment Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Gladstone Investment Corporation
- Ticker: GAIN
- Exchange: NasdaqGS
- Founded: 2005
- Industry: Asset Management and Custody Banks
- Sector: Diversified Financials
- Market Cap: US$394.144m
- Shares outstanding: 33.21m
- Website: https://www.gladstoneinvestment.com
Location
- Gladstone Investment Corporation
- 1521 Westbranch Drive
- Suite 100
- McLean
- Virginia
- 22102
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GAIN | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Jun 2005 |
| 1G3 | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Jun 2005 |
| 0IVR | LSE (London Stock Exchange) | Yes | Common Stock | GB | USD | Jun 2005 |
| GAIN.M | NasdaqGS (Nasdaq Global Select) | PFD SER D | US | USD | Sep 2016 | |
| GAIN.L | NasdaqGS (Nasdaq Global Select) | 6.375% PFD SER E | US | USD | Aug 2018 |
Biography
Gladstone Investment Corporation is a private equity fund specializing in lower middle market, acquisitions, mature stage, buyouts; recapitalizations; refinancing existing debt; senior debt securities such...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/26 23:50 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/03/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.