GLAD GLADSTONE CAPITAL CORP
Price Chart
Executive Summary
Gladstone Capital reported Q2 2026 net investment income of $0.52 per share, up 4.0% sequentially from $0.50, driven by higher prepayment fees and equity distributions. Total investment income rose 6.0% to $25.99M, and NAV per share increased to $21.36. The quarterly distribution was maintained at $0.45 per share.
Actionable Insight
Prepayment fees and equity distributions are supplementing income as SOFR declines; monitor upcoming quarters for sustainability of NII growth given falling yields. The maintained dividend of $0.45/sh ($1.80 annualized) yields ~5.6% at the current price, supporting a stable total return thesis.
Key Facts
- Net investment income per share: $0.52 (Q2 2026) vs $0.50 (Q1 2026)
- Total investment income: $25.99M, up 6.0% sequentially
- NAV per share: $21.36, up $0.23 from $21.13
- Quarterly distribution maintained at $0.45 per common share
- Weighted average yield on interest-bearing investments declined to 11.8% from 12.2%
- Invested $34.0M in three new portfolio companies and $9.6M in existing ones
Financial Impact
Net investment income $11.84M, up 5.1% sequentially
Risk Factors
- Continued decline in SOFR could compress portfolio yield further
- Prepayment fee income is volatile and may not recur at the same level
- Expense growth (management fee) is outpacing investment income growth
Market Snapshot
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-209037 |
| Document: d122338d8k.htm | 0001193125-26-209037 |
| Document: 0001193125-26-209037-index-headers.html | 0001193125-26-209037 |
| Document: 0001193125-26-209037-index.html | 0001193125-26-209037 |
| Document: 0001193125-26-209037.txt | 0001193125-26-209037 |
| 8-K Data (Synthetic) | 0001193125-26-209037 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 2, 2026
10d ago
|
8-K
| $19.47 $18.92 | ▼ −2.82% | ▼ −2.13% | $19.39 (−0.41%) |
|
May 6, 2026
5w ago
|
8-K
| $19.99 $19.99 | · 0.00% | ▼ −0.83% | $19.39 (−3.00%) |
US Market Status
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