NASDAQ$GLAD
Gladstone Capital Corp · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported an increase in net investment income and strategic portfolio investments.
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.
Headline financials
Revenue & EPS history
Gladstone Capital · Revenue · Quarterly
-$4.91M
Forward guidance
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.
Tailwinds
- Increased interest rates have lifted net interest income.
- Favorable lending market conditions.
- Continued focus on portfolio performance.
- Disciplined asset growth.
- Maintaining conservative leverage metrics.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
-0.6%
Avg return
Earnings day
+1.2%
Avg return
5 days after
+0.5%
Avg return
30 days after
45%
29 / 64 earnings
Positive
+8.4%
Q2 2022
Best reaction
-15.6%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +4.1% | +2.2% | — | |
| Q1 2026 | +2.1% | -5.6% | -9.3% | |
| Q4 2025 | +5.8% | +8.2% | +11.0% | |
| Q2 2025 | -0.2% | +2.4% | +6.5% | |
| Q1 2025 | +0.5% | +4.0% | -4.1% | |
| Q4 2024 | +0.5% | +4.4% | +9.7% | |
| Q3 2024 | -0.5% | -0.4% | -0.6% | |
| Q2 2024 | -0.8% | +1.4% | +4.6% | |
| Q1 2024 | -6.1% | -4.4% | -2.9% | |
| Q4 2023 | +1.8% | +0.1% | +5.6% | |
| Q3 2023 | +2.6% | +3.4% | -6.4% | |
| Q2 2023 | -1.5% | -0.9% | -0.9% | |
| Q1 2023 | +3.8% | +1.7% | -4.1% | |
| Q4 2022 | +4.8% | +3.2% | -2.2% | |
| Q3 2022 | -2.6% | -2.0% | -6.8% | |
| Q2 2022 | +8.4% | +5.7% | +0.3% | |
| Q1 2022 | +2.1% | +3.6% | -2.0% | |
| Q4 2021 | +4.6% | +1.2% | -3.7% | |
| Q3 2021 | -0.2% | +2.8% | +1.7% | |
| Q2 2021 | -0.8% | -0.5% | +5.4% | |
| Q1 2021 | +3.5% | +6.6% | +4.4% | |
| Q4 2020 | +6.7% | +8.2% | +10.8% | |
| Q3 2020 | +1.9% | +1.1% | +5.4% | |
| Q2 2020 | -12.3% | -3.4% | +11.8% | |
| Q1 2020 | -0.1% | +1.2% | -13.6% | |
| Q4 2019 | +3.0% | +2.4% | +2.6% | |
| Q3 2019 | -1.8% | -0.9% | +0.0% | |
| Q2 2019 | -1.5% | -0.1% | -5.3% | |
| Q1 2019 | +1.2% | -1.4% | +1.8% | |
| Q4 2018 | -1.8% | -4.0% | -9.8% | |
| Q3 2018 | +1.3% | +1.7% | +4.4% | |
| Q2 2018 | +0.5% | +1.4% | +4.4% | |
| Q1 2018 | -7.5% | -0.4% | -2.3% | |
| Q4 2017 | +0.2% | +0.2% | -5.0% | |
| Q3 2017 | -0.6% | -0.3% | -7.3% | |
| Q2 2017 | -0.6% | +2.0% | -0.2% | |
| Q1 2017 | -0.9% | -4.5% | -9.6% | |
| Q4 2016 | +0.4% | +2.6% | +16.5% | |
| Q3 2016 | +1.1% | +3.6% | +8.1% | |
| Q2 2016 | -3.1% | — | — | |
| Q1 2016 | -5.8% | — | — | |
| Q4 2015 | +1.0% | — | — | |
| Q3 2015 | +3.0% | — | — | |
| Q2 2015 | -6.5% | — | — | |
| Q1 2015 | +2.8% | — | — | |
| Q4 2014 | +0.3% | — | — | |
| Q3 2014 | -10.2% | — | — | |
| Q2 2014 | -2.4% | — | — | |
| Q1 2014 | -1.6% | — | — | |
| Q4 2013 | +1.4% | — | — | |
| Q3 2013 | -0.5% | — | — | |
| Q2 2013 | -5.2% | — | — | |
| Q1 2013 | -0.4% | — | — | |
| Q4 2012 | -10.7% | — | — | |
| Q3 2012 | -1.5% | — | — | |
| Q2 2012 | -0.1% | — | — | |
| Q1 2012 | +3.7% | — | — | |
| Q4 2011 | -0.5% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q2 2011 | -0.4% | — | — | |
| Q1 2010 | +4.6% | — | — | |
| Q4 2010 | -5.1% | — | — | |
| Q3 2010 | -3.2% | — | — | |
| Q2 2010 | -15.6% | — | — |
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