Gladstone Capital Q3 net investment income falls

Gladstone Capital

04/08/2026 22:03

Overview
U.S. business development company reported fiscal Q3 interest income up 4.7% from prior quarter
Net investment income for fiscal Q3 fell 7% from previous quarter
Company expanded capital base with $60 mln note issue due 2029

Outlook
Gladstone Capital expects strong deal flow and spreads to support distributions for remainder of 2026

Result Drivers
HIGHER INTEREST INCOME - Increase in interest income driven by higher average principal balance of investment portfolio
DECLINE IN OTHER INCOME - Other income fell due to absence of one-time dividend and prepayment fee income received in prior quarter
LOWER EXPENSES OFFSET BY HIGHER INTEREST COSTS - Expenses decreased mainly from lower management and incentive fees, partially offset by higher interest expense from increased borrowing and new note issuance

Company press release: ID:nACSbYBgva

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Asset Value Per Share
 
$21.50
 

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 "buy"
Wall Street's median 12-month price target for Gladstone Capital Corp is $22.00, about 15.7% above its August 3 closing price of $19.02

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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.)