Gladstone Investment’s business strategy is different than most other BDCs and requires a different analytical approach. The bottom line, though, is that the BDC appears to be performing as one would have expected.
We are writing credit summaries for every BDC that has reported IVQ 2023 results. These summaries accompany one of the BDC Reporter’s top SubScriber Tools: the BDC Credit Table. We have just completed a credit update for Barings BDC. That’s 12 completed.
Gladstone Investment had a very good calendar IIIQ 2023 on the back of a large realized gain. Here are the highlights.
Out of the blue – thanks to the sale of a portfolio company – Gladstone Investment has announced a large “special” dividend.
A long-held portfolio company of Gladstone Investment is sold for a huge realized gain.
Gladstone Investment has re-invested in a portfolio company that proved a big success earlier. Logan Ridge also has a position. We discuss how this might play out for both BDCs.
The latest publicly-traded BDC Baby Bond – issued by Gladstone Investment – has begun trading. Here’s what any prospective investor needs to know.
We are using the announcement of a new Gladstone Investment transaction to delve into the different strategic approaches being employed by BDCs in the lower middle market, and how that’s paid off for shareholders over the long term.
We undertake a deep-dive into both Gladstone Capital and Gladstone Investment’s latest dividend announcements, their payout trends and the factors which affect them.
Notwithstanding the gloomy market conditions, the parade of BDCs announcing higher distributions of late continues with Gladstone Investment.
All the indices were in the black and were joined by the BDC sector, which continues to trade towards a record level. Two very different BDCs reported results and a conference call was held. All in all, BDC earnings season grinds on with very little in the way of unpleasant surprises.
BDC sector prices break out to a new 52 week high as a rally gains steam. Plus, two BDCs announce distributions and two others divulge new investments and a troubled company gets acquired.
Whereas the major indices dropped, the BDC sector increased in price on Tuesday. Also, two BDCs announced distributions: one increased and one unchanged, and a large cap player pays off expensive debt.
As the major indices zagged upwards, the BDC sector zigged down on Thursday. Also, a well respected CFO leaves a mid-sized BDC and another BDC swaps out one long standing secured lender for another.
BDC sector prices came roaring back after Thursday’s sharp drop. Otherwise, though, there was little news except that credit conditions continue to improve.
