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Dec 31, 2019
Gladstone Capital Q1 2020 Earnings Report
Reported earnings for the first fiscal quarter ended December 31, 2019.
Key Takeaways
Gladstone Capital Corporation reported Net Investment Income of $6.4 million, or $0.21 per share, for the quarter ended December 31, 2019. The Net Increase in Net Assets Resulting from Operations was $0.7 million, or $0.02 per share.
Interest income decreased by $0.4 million, or 3.1%.
Other income decreased by $0.2 million, or 21.9%.
Total expenses decreased by 9.6%.
Net Investment Income was $6.4 million, or $0.21 per share.
Forward Guidance
Gladstone Capital expects to grow its investment portfolio and lift net interest earnings in the coming quarters to enhance returns to shareholders due to modest leverage and the added flexibility of BDC leverage relief.
Positive Outlook
- Healthy level of net originations.
- Reduction in financing costs on the quarter.
- Modest leverage.
- Added flexibility of BDC leverage relief.
- Opportunity to continue to grow investment portfolio.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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