Gladstone Capital Corporation reported a net investment income of $9.6 million, or $0.26 per share, for the quarter ended March 31, 2023, a 10.4% increase compared to the prior quarter. The company invested $48.0 million in two new portfolio companies and $16.1 million in existing portfolio companies. The weighted average yield on debt investments rose to 13.1%.
Invested $48.0 million in two new portfolio companies and $16.1 million in existing portfolio companies.
Net investment income increased 10.4% over last quarter to $9.6 million, or $0.26 per share.
The weighted average yield on debt investments rose 80bp to 13.1%.
Issued 1,370,967 shares of common stock through the at-the-market program, generating net proceeds of $13.8 million.
Gladstone Capital's future performance is expected to be driven by favorable lending market conditions, focus on portfolio performance, and disciplined asset growth while maintaining conservative leverage metrics.
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