NASDAQ$GLAD
Gladstone Capital Corp · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Announced earnings for the third fiscal quarter ended June 30, 2023.
Gladstone Capital Corporation reported a 21.2% increase in net investment income to $11.7 million, or $0.31 per share, driven primarily by higher interest income. The weighted average yield on debt investments rose 50bp to 13.6%.
- Invested $53.5 million in three new portfolio companies and $17.1 million in existing portfolio companies.
- Received $35.2 million in repayments and net proceeds.
- Net investment income increased 21.2% over last quarter to $11.7 million, or $0.31 per share.
- Secured first lien assets continued to be over 70% of the portfolio, at cost, while the weighted average yield on debt investments rose 50bp to 13.6%.
Headline financials
Revenue & EPS history
Gladstone Capital · Revenue · Quarterly
-$5.55M
Forward guidance
The competitive outlook for lower middle market investing continues to improve and should sustain our favorable investment margin and portfolio growth, which will be the primary drivers of our earnings momentum in the coming quarters.
Tailwinds
- Favorable investment margin should be sustained.
- Portfolio growth should be sustained.
- Earnings momentum is expected.
- Competitive outlook for lower middle market investing continues to improve.
- Recent earnings have benefitted from the increase in interest rates.
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 Q3 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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