share_log

Earnings Call Summary | Gladstone Capital(GLAD.US) Q2 2024 Earnings Conference

moomoo AI ·  May 2 10:39  · Conference Call

The following is a summary of the Gladstone Capital (GLAD) Q2 2024 Earnings Call Transcript:

Financial Performance:

  • Gladstone Capital reported Q2 fundings of $45 million, with net originations amounting to $30 million.

  • The weighted average yield on their investment portfolio remained largely unchanged at 14%.

  • Total interest income for the quarter increased by 3% to $23.7 million.

  • Net investment income declined 9.7% to $10.8 million, while net realized gains increased to $2.2 million.

  • Net realized and unrealized gains on the portfolio totalled $12.9 million, boosting ROE for the quarter to 22.3% and 17% for the preceding 12 months.

Business Progress:

  • Senior debt made up 71% of Gladstone Capital's portfolio which reached $800 million, an increase of over 37% in the past 2 years.

  • The company ended Q2 with a conservative leverage around 89% of NAV and ample availability under its bank credit facility.

  • After the quarter, the company made a $7.3 million investment in a new proprietary investment, including senior debt and preferred equity.

  • The monthly distributions to common shareholders were set at $0.165 per common share for the months of April, May, and June.

More details: Gladstone Capital IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more
    Write a comment