NasdaqGS:GAIN

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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

GAINIndustryMarket
7 Day-0.08%-2.6%-4.6%
30 Day13.6%8.5%0.6%
90 Day18.2%14.9%1.9%
1 Year13.8%3.7%41.3%38.0%41.5%38.5%
3 Year59.4%22.9%39.5%29.1%56.7%46.7%
5 Year165.6%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

Valuation

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

NamePositionTenureCompensationOwnership
David Gladstone
Chairman & CEO16yrsno data1.98%
$ 7.8m
Terry Brubaker
Vice Chairman16yrsno data0.049%
$ 192.7k
David Dullum
President12.83yrsUS$33.00k0.38%
$ 1.5m
Julia Ryan
CFO & Treasurer5.58yrsUS$65.67k0.012%
$ 47.5k
Karin McLaughlin
Investor Relations Specialistno datano datano data
Michael LiCalsi
General Counsel & Secretary11.33yrsno data0.028%
$ 108.5k
John Dellafiora
Chief Compliance Officer13.42yrsno datano data
Paula Novara
Head of Resources Management16.83yrsno datano data
Erika Highland
Managing Directorno datano datano data
Kyle Largent
Executive VP & Managing Directorno datano datano data
Christopher Lee
Managing Directorno datano datano data
Peter Roushdy
Executive VP & Managing Director2.58yrsno datano 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

NamePositionTenureCompensationOwnership
David Gladstone
Chairman & CEO16yrsno data1.98%
$ 7.8m
Terry Brubaker
Vice Chairman16yrsno data0.049%
$ 192.7k
Walter Wilkinson
Independent Director6.33yrsUS$42.00k0.054%
$ 211.1k
Michela English
Independent Director15.67yrsUS$38.00k0.0042%
$ 16.5k
Anthony Parker
Independent Director15.67yrsUS$49.50k0.047%
$ 184.0k
Paul Adelgren
Lead Independent Directorno dataUS$39.00k0.024%
$ 92.9k
John Outland
Independent Director15.67yrsUS$53.00k0.013%
$ 51.9k
Caren Merrick
Independent Director6.25yrsUS$45.00k0.0059%
$ 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GAINNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDJun 2005
1G3DB (Deutsche Boerse AG)YesCommon StockDEEURJun 2005
0IVRLSE (London Stock Exchange)YesCommon StockGBUSDJun 2005
GAIN.MNasdaqGS (Nasdaq Global Select)PFD SER DUSUSDSep 2016
GAIN.LNasdaqGS (Nasdaq Global Select)6.375% PFD SER EUSUSDAug 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/02/26 23:50
End of Day Share Price2021/02/26 00:00
Earnings2020/12/31
Annual Earnings2020/03/31


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.