Gladstone Capital Q2 investment income rises on higher dividend, prepayment fees

Gladstone Capital

06/05/2026 21:53

Overview

U.S. business lender's fiscal Q2 investment income rose 6% on higher dividend and prepayment fees

Net investment income for the quarter rose 5.1% from the prior quarter

Net asset value per share increased 1.1% to $21.36

Outlook

Company expects to sustain distributions and deliver strong economic returns over the balance of 2026

Result Drivers

OTHER INCOME - Higher dividend income and prepayment fees drove the increase in total investment income

LOWER YIELDS OFFSET BY PORTFOLIO GROWTH - Decreased interest income from lower yields was partially offset by a higher average principal balance in the investment portfolio

PORTFOLIO APPRECIATION - Operating performance and growth of equity positions contributed to higher net asset value per share

Company press release: ID:nACSGVcVga

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Net Asset Value Per Share
$21.36


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the closed end funds peer group is "hold."

Wall Street's median 12-month price target for Gladstone Capital Corp is $22.00, about 12.9% above its May 5 closing price of $19.48

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)