Gladstone Capital expects strong deal flow and spreads to support distributions for the remainder of 2026.
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 the absence of one-time dividend and prepayment fee income received in the 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.
Fiscal third-quarter results
U.S. business development company reported fiscal Q3 interest income up 4.7% from the prior quarter.
Net investment income for fiscal Q3 fell 7% from the previous quarter.
The company expanded its capital base with a $60 million note issue due 2029.
Key details and analyst coverage
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 net asset value per share
$21.50
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".
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