Upturn unsubscribed user
$1.14/ day, billed weekly
Cancel anytime
(Ad-Free, Unlimited access)​
NO CREDIT CARD REQUIRED
GAINL logo GAINL
Upturn stock ratingUpturn stock rating
GAINL logo

Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL)

Upturn stock ratingUpturn stock rating
$25.62
Last Close (24-hour delay)
Profit since last BUY8.28%
upturn advisory
WEAK BUY
BUY since 230 days
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

06/10/2024: GAINL (1-star) has a low Upturn Star Rating. Not recommended to BUY.

Upturn Star Rating

rating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Number of Analysts

rating

Analysts rated it

Very few follow this stock; limited insights, higher-risk early investing.

1 Year Target Price $0

1 Year Target Price $0

Analysts Price Target For last 52 week
$0Target price
Low$
Current$25.62
high$

Analysis of Past Performance

Type Stock
Historic Profit 8.28%
Avg. Invested days 230
Today’s Advisory WEAK BUY
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 5.0
Stock Returns Performance Upturn Returns Performance 2.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 06/10/2024

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 358.34M USD
Price to earnings Ratio -
1Y Target Price -
Price to earnings Ratio -
1Y Target Price -
Volume (30-day avg) -
Beta 1.54
52 Weeks Range 23.10 - 26.61
Updated Date 06/10/2024
52 Weeks Range 23.10 - 26.61
Updated Date 06/10/2024
Dividends yield (FY) 6.36%
Basic EPS (TTM) 2.7

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 140.05%
Operating Margin (TTM) 42.52%

Management Effectiveness

Return on Assets (TTM) 2.65%
Return on Equity (TTM) 22.92%

Valuation

Trailing PE -
Forward PE -
Enterprise Value 1069038912
Price to Sales(TTM) -
Enterprise Value 1069038912
Price to Sales(TTM) -
Enterprise Value to Revenue -
Enterprise Value to EBITDA -
Shares Outstanding 32822500
Shares Floating -
Shares Outstanding 32822500
Shares Floating -
Percent Insiders -
Percent Institutions 49.57

Analyst Ratings

Rating -
Target Price -
Buy -
Strong Buy -
Buy -
Strong Buy -
Hold -
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

Gladstone Investment Corporation 8.00% Notes due 2028

stock logo

Company Overview

overview logo History and Background

Gladstone Investment Corporation (GAINN) is a publicly traded business development company (BDC) founded in 2005. It focuses on providing debt and equity financing to lower middle market companies in the United States.

business area logo Core Business Areas

  • Debt Investments: Providing senior debt, second lien debt, and mezzanine debt to lower middle market companies to support acquisitions, recapitalizations, and growth.
  • Equity Investments: Making equity investments, often in conjunction with debt investments, to gain potential capital appreciation.

leadership logo Leadership and Structure

Gladstone Investment Corporation is led by David Gladstone (Chairman and CEO). The company operates with a team of investment professionals focused on deal origination, underwriting, and portfolio management.

Top Products and Market Share

overview logo Key Offerings

  • Senior Debt Financing: Providing first lien loans to lower middle market businesses. Market share data is difficult to ascertain precisely for this specific product within the broader BDC landscape. Competitors include other BDCs like Ares Capital (ARCC), Main Street Capital (MAIN), and Prospect Capital (PSEC).
  • Mezzanine Debt Financing: Providing subordinated debt, often with warrants, to lower middle market businesses. Market share data is difficult to ascertain precisely. Competitors are similar to those for senior debt.
  • Equity Co-Investments: Investing alongside debt in the equity of portfolio companies. Market share data is difficult to ascertain precisely. Competitors are PE firms.

Market Dynamics

industry overview logo Industry Overview

The BDC industry is competitive, with numerous players providing financing to lower middle market companies. The industry's performance is sensitive to economic conditions and interest rate movements.

Positioning

Gladstone Investment Corporation focuses on lower middle market companies, which are typically underserved by larger lenders. Its competitive advantages include its established track record, experienced management team, and focus on long-term value creation.

Total Addressable Market (TAM)

The TAM for lower middle market lending is substantial, estimated in the billions of dollars annually. Gladstone Investment Corporation is positioned to capture a share of this market by providing flexible financing solutions.

Upturn SWOT Analysis

Strengths

  • Experienced management team
  • Focus on lower middle market
  • Established track record
  • Access to capital markets

Weaknesses

  • Reliance on external financing
  • Sensitivity to economic cycles
  • Relatively small market capitalization
  • High operating expenses

Opportunities

  • Increased demand for financing from lower middle market companies
  • Expansion into new industry verticals
  • Strategic acquisitions of other BDCs
  • Rising interest rate environment can increase net investment income

Threats

  • Economic recession
  • Increased competition from other lenders
  • Rising interest rates increasing cost of capital
  • Regulatory changes

Competitors and Market Share

competitor logo Key Competitors

  • ARCC
  • MAIN
  • PSEC
  • TCPC
  • CSWC
  • TCRD

Competitive Landscape

Gladstone Investment Corporation competes with other BDCs, private credit funds, and traditional lenders. It differentiates itself through its focus on lower middle market companies and its experienced management team.

Growth Trajectory and Initiatives

Historical Growth: Gladstone Investment Corporation's growth has been driven by its ability to originate and manage investments in lower middle market companies. Requires current data for accurate historical analysis.

Future Projections: Future growth depends on economic conditions and the company's ability to deploy capital effectively. Analyst estimates vary.

Recent Initiatives: Recent initiatives include strategic investments in new portfolio companies.

Summary

Gladstone Investment Corporation is a BDC focused on lower middle market lending. Its strengths lie in its experienced management and focus on a niche market. Potential risks include economic sensitivity and reliance on external financing. Growth is projected to be stable if macroeconomic conditions improve.

Peer Comparison

Sources and Disclaimers

Data Sources:

  • Company filings
  • Analyst reports
  • Industry publications

Disclaimers:

This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual due diligence and consultation with a financial professional.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About Gladstone Investment Corporation 8.00% Notes due 2028

Exchange NASDAQ
Headquaters McLean, VA, United States
IPO Launch date 2018-08-15
Chairman & CEO Mr. David John Gladstone
Sector -
Industry -
Full time employees -
Full time employees -

Gladstone Investment Corporation specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business services/ distribution sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with sales between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.