Business
Gladstone Capital Corporation Reports Financial Results for its Fourth Quarter and Fiscal Year Ended September 30, 2019
MCLEAN, Va., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (Nasdaq: GLAD) (the “Company”) today announced earnings for its fourth quarter
About this update from Gladstone Capital Corporation
[{"type":"text","content":"MCLEAN, Va., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Gladstone Capital Corporation (Nasdaq: GLAD) (the “Company”) today announced earnings for its fourth quarter and fiscal year ended September 30, 2019. Please read the Company’s Annual Report on Form 10-K filed today with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov, and the investor relations section of the Company’s website at www.GladstoneCapital.com. \n Summary Information (dollars in thousands, except per share data) (unaudited): For the Quarter Ended: September 30, 2019 June 30, 2019 Change % Change Total investment income $12,718 $12,886 $(168)(1.3)%Total expenses, net of credits (6,354)(6,673)319 (4.8)Net investment income 6,364 6,213 151 2.4 Net investment income per common share 0.21 0.21 — — Cash distribution per common share 0.21 0.21 — — Net realized gain (loss) 8,980 (807)9,787 (1,212.8)Net unrealized appreciation (depreciation) (9,953)3,450 (13,403)(388.5)Net increase (decrease) in net assets resulting from operations 5,391 8,856 (3,465)(39.1)Weighted average yield on interest-bearing investments 12.5%11.8%0.7%5.9 Total invested $24,743 $59,150 $(34,407)(58.2)Total repayments and net proceeds 28,827 41,850 (13,023)(31.1) As of: September 30, 2019 June 30, 2019 Change % Change Total investments, at fair value $402,875 $407,559 $(4,684)(1.1)%Fair value, as a percent of cost 94.0%96.3%(2.3)%(2.4)Net asset value per common share $8.22 $8.23 $(0.01)(0.1) For the Year Ended: September 30, 2019 September 30, 2018 Change % Change Total investment income $50,035 $45,581 $4,454 9.8%Total expenses, net of credits (25,455)(22,493)(2,962)13.2 Net investment income 24,580 23,088 1,492 6.5 Net investment income per common share 0.84 0.85 (0.01)(1.2)Cash distribution per common share 0.84 0.84 — — Total net realized loss (16,388)(26,196)9,808 (37.4)Total net unrealized appreciation 11,677 21,756 (10,079)(46.3)Net increase in net assets resulting from operations 19,869 18,648 1,221 6.5 Weighted average yield on interest-bearing investments 12.3%11.8%0.5%4.2 Total invested $147,067 $106,615 $40,452 37.9 Total repayments and proceeds 131,061 67,944 63,117 92.9 As of: September 30, 2019 September 30, 2018 Change % Change Total investments, at fair value $402,875 $390,046 $12,829 3.3 Fair value as a percent of cost 94.0%91....