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GAINL 
Gladstone Investment Corporation 8.00% Notes due 2028 (GAINL)
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Upturn Advisory Summary
06/10/2024: GAINL (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $0
1 Year Target Price $0
| 0 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 8.28% | Avg. Invested days 230 | Today’s Advisory WEAK BUY |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  2.0 |
| 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 - |
Upturn AI SWOT
Gladstone Investment Corporation 8.00% Notes due 2028
Company Overview
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.
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 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
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
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
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.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
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.
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