Gladstone Investment Corporation Reports Financial Results for its Third Quarter Ended December 31, 2022

About this update from Gladstone Investment Corporation - Business Development Company

[{"type":"text","content":"MCLEAN, VA / ACCESSWIRE / February 1, 2023 / Gladstone Investment Corporation (Nasdaq:GAIN) (the \"Company\") today announced earnings for its third fiscal quarter ended December 31, 2022. Please read the Company's Quarterly Report on Form 10-Q, filed today with the U.S. Securities and Exchange Commission (the \"SEC\"), which is available on the SEC's website at www.sec.gov or the investors section of the Company's website at www.gladstoneinvestment.com.Summary Information: (dollars in thousands, except per share data (unaudited)): December 31,2022 September 30,2022 $Change %Change For the quarter ended: Total investment income $21,594 $20,795 $799 3.8%Total expenses, net(A) 13,025 9,379 3,646 38.9%Net investment income(A) 8,569 11,416 (2,847) (24.9)%Net realized gain 3,844 2,302 1,542 67.0%Net unrealized (depreciation) appreciation 3,366 (10,643) 14,009 NM Net increase in net assets resulting from operations(A) $15,779 $3,075 $12,704 NM Net investment income per weighted-average common share(A) $0.26 $0.34 $(0.08) (23.5)%Adjusted net investment income per weighted-average common share(B) $0.30 $0.29 $0.01 3.4%Net increase in net assets resulting from operations per weighted-average common share(A) $0.47 $0.09 $0.38 NM Cash distribution per common share from net investment income $0.22 $0.14 $0.08 57.1%Cash distribution per common share from net realized gains(C) $0.14 $0.08 $0.06 75.0%Weighted-average yield on interest-bearing investments 13.4% 12.1% 1.3% 10.7%Total dollars invested $31,460 $74,246 $(42,786) (57.6)%Total dollars repaid and collected from sales and recapitalization of investments $16,143 $12,338 $3,805 30.8%Weighted-average shares of common stock outstanding - basic and diluted 33,316,055 33,218,901 97,154 0.3%Total shares of common stock outstanding 33,447,001 33,234,663 212,338 0.6% As of: Total investments, at fair value $760,463 $737,935 $22,528 3.1%Fair value, as a percent of cost 105.3% 104.9% 0.4% 0.4%Net assets $449,191 $442,470 $6,721 1.5%Net asset value per common share $13.43 $13.31 $0.12 0.9%Number of portfolio companies 25 26 (1) (3.8)%NM = Not Meaningful(A) Inclusive of $1.4 million, or $0.04 per weighted-average common share, of capital gains-based incentive fees accrued during the three months ended December 31, 2022 and $1.7 million, or $0.05 per weighted-average common share, of capital gains-b...

More updates from Gladstone Investment Corporation - Business Development Company