Gladstone Capital Q2 2021 Earnings Report

Announced earnings for the second fiscal quarter, with net investment income increasing slightly and net asset value per share rising.

Key Takeaways

Gladstone Capital Corporation reported its Q2 2021 financial results, highlighting a slight increase in net investment income and a significant rise in net asset value per share. The company invested $72.0 million in new portfolio companies and saw a $16.0 million increase in portfolio value due to improved company performance.

Invested $72.0 million in three new portfolio companies, resulting in net originations of $24.1 million.

Increased secured 1st lien assets to 58% of the portfolio while maintaining a 10.6% weighted average yield on debt investments.

Experienced a $16.0 million increase in portfolio value due to strong performance of portfolio companies.

Increased net asset value by 9.6% to $270.9 million, with NAV per share rising 6.6% to $8.11.

Total Revenue

$12.9M

Previous year: $11.5M