Gladstone Capital Corporation Reports Financial Results for Its Second Quarter Ended March 31, 2024
Gladstone Capital Corporation Reports Financial Results for Its Second Quarter Ended March 31, 2024
Second Fiscal Quarter 2024 Results:MCLEAN, VA / ACCESSWIRE / May 1, 2024 / Gladstone Capital Corporation (NASDAQ:GLAD) (the "Company") today announced earnings for its second fiscal quarter ended March 31, 2024. 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 and the investors section of the Company's website at .
弗吉尼亚州麦克莱恩/ACCESSWIRE/2024年5月1日/格拉德斯通资本公司（纳斯达克股票代码：GLAD）（“公司”）今天公布了截至2024年3月31日的第二财季财报。请阅读公司今天向美国证券交易委员会（“SEC”）提交的10-Q表季度报告，该报告可在美国证券交易委员会的网站上查阅 www.sec.gov 以及公司网站的投资者专区，网址为 。
Summary Information (dollars in thousands, except per share data) (unaudited):
摘要信息 （以千美元计，每股数据除外）（未经审计）:
For the Quarter Ended: |
March 31,
2024
|
December 31,
2023
|
Change | % Change | ||||||||||||
Total investment income |
$ | 23,997 | $ | 23,221 | $ | 776 | 3.3% | |||||||||
Total expenses, net of credits |
(13,220) | (11,287) | (1,933) | 17.1 | ||||||||||||
Net investment income |
10,777 | 11,934 | (1,157) | (9.7) | ||||||||||||
Net investment income per common share |
0.25 | 0.27 | (0.02) | (7.4) | ||||||||||||
Cash distribution per common share |
0.2475 | 0.2475 | (0.00) | (0.0) | ||||||||||||
Net realized gain (loss) |
2,168 | 262 | 1,906 | 727.5 | ||||||||||||
Net unrealized appreciation (depreciation) |
10,695 | 7,805 | 2,890 | 37.0 | ||||||||||||
Net increase (decrease) in net assets resulting from operations |
23,632 | 20,001 | 3,631 | 18.2 | ||||||||||||
Weighted average yield on interest-bearing investments |
14.0% | 13.9% | 0.1% | 0.7 | ||||||||||||
Total invested |
$ | 44,735 | $ | 57,998 | $ | (13,263) | (22.9) | |||||||||
Total repayments and net proceeds |
15,146 | 22,066 | (6,920) | (31.4) | ||||||||||||
As of: |
March 31,
2024
|
December 31,
2023
|
Change | % Change | ||||||||||||
Total investments, at fair value |
$ | 791,588 | $ | 749,985 | $ | 41,603 | 5.5% | |||||||||
Fair value, as a percent of cost |
100.1% | 98.7% | 1.4% | 1.4 | ||||||||||||
Net asset value per common share |
$ | 9.90 | $ | 9.61 | $ | 0.29 | 3.0 | |||||||||
截至本季度： |
3月31日
2024
|
十二月三十一日
2023
|
改变 | % 变化 | ||||||||||||
总投资收入 |
$ | 23,997 | $ | 23,221 | $ | 776 | 3.3% | |||||||||
总支出，扣除贷项 |
(13,220) | (11,287) | (1,933) | 17.1 | ||||||||||||
净投资收益 |
10,777 | 11,934 | (1,157) | (9.7) | ||||||||||||
每股普通股净投资收益 |
0.25 | 0.27 | (0.02) | (7.4) | ||||||||||||
每股普通股现金分配 |
0.2475 | 0.2475 | (0.00) | (0.0) | ||||||||||||
已实现净收益（亏损） |
2,168 | 262 | 1,906 | 727.5 | ||||||||||||
未实现净增值（折旧） |
10,695 | 7,805 | 2,890 | 37.0 | ||||||||||||
运营导致的净资产净增加（减少） |
23,632 | 20,001 | 3,631 | 18.2 | ||||||||||||
计息投资的加权平均收益率 |
14.0% | 13.9% | 0.1% | 0.7 | ||||||||||||
投资总额 |
$ | 44,735 | $ | 57,998 | $ | (13,263) | (22.9) | |||||||||
还款总额和净收益 |
15,146 | 22,066 | (6,920) | (31.4) | ||||||||||||
截至： |
3月31日
2024
|
十二月三十一日
2023
|
改变 | % 变化 | ||||||||||||
按公允价值计算的投资总额 |
$ | 791,588 | $ | 749,985 | $ | 41,603 | 5.5% | |||||||||
公允价值，占成本的百分比 |
100.1% | 98.7% | 1.4% | 1.4 | ||||||||||||
每股普通股净资产价值 |
$ | 9.90 | $ | 9.61 | $ | 0.29 | 3.0 | |||||||||
Second Fiscal Quarter 2024 Highlights:
2024 年第二财季亮点：
- Portfolio Activity: Invested $15.0 million in one new portfolio company and $29.7 million in existing portfolio companies.
- Portfolio Mix: Secured first lien assets continue to be over 70% of our debt investments, at cost, while the weighted average yield on debt investments was consistent at 14.0%.
- Credit Facility Availability: Increased the committed facility amount by $10.0 million to $243.7 million and ended the quarter with availability in excess of $100 million.
- 投资组合活动：向一家新的投资组合公司投资了1,500万美元，向现有投资组合公司投资了2970万美元。
- 投资组合组合：按成本计算，有担保的第一留置权资产继续占我们债务投资的70％以上，而债务投资的加权平均收益率稳定为14.0％。
- 信贷额度可用性：将承诺额度增加了1,000万美元，至2.437亿美元，本季度末的可用额度超过1亿美元。
Second Fiscal Quarter 2024 Results:
2024 年第二财季业绩：
Total investment income increased by $0.8 million, or 3.3%, for the quarter ended March 31, 2024, compared to the prior quarter ended December 31, 2023, driven by a $0.7 million increase in interest income. The increase in interest income was driven by a 3.5% increase in the weighted average principal balance of our interest-bearing investments from $657.6 million during the quarter ended December 31, 2023 to $680.4 million during the quarter ended March 31, 2024.
受利息收入增加70万美元的推动，截至2024年3月31日的季度总投资收益与截至2023年12月31日的上一季度相比增加了80万美元，增长了3.3％。利息收入的增长是由我们的计息投资的加权平均本金余额从截至2023年12月31日的季度的6.576亿美元增加到截至2024年3月31日的季度的6.804亿美元增长3.5％推动的。
Total expenses increased by $1.9 million, or 17.1%, quarter over quarter primarily due to a $1.4 million increase in the net base management fee, driven mainly by a decrease in portfolio company fee credits from new deal originations quarter over quarter.
总支出同比增长190万美元，增长17.1％，这主要是由于净基本管理费增加了140万美元，这主要是由投资组合公司从新交易发起的费用抵免额同比减少所致。
Net investment income for the quarter ended March 31, 2024 was $10.8 million, or $0.25 per share.
截至2024年3月31日的季度净投资收益为1,080万美元，合每股0.25美元。
The net increase in net assets resulting from operations was $23.6 million, or $0.54 per share, for the quarter ended March 31, 2024, compared to $20.0 million, or $0.46 per share, for the quarter ended December 31, 2023. The current quarter increase was primarily driven by $10.7 million of net unrealized appreciation recognized during the quarter.
截至2024年3月31日的季度，运营产生的净资产净增加2360万美元，合每股0.54美元，而截至2023年12月31日的季度为2,000万美元，合每股0.46美元。本季度的增长主要是由本季度确认的1,070万美元的未实现净增值推动的。
Subsequent Events: Subsequent to March 31, 2024, the following significant events occurred:
后续事件：2024年3月31日之后，发生了以下重大事件：
- Portfolio Activity: In April 2024, we invested $7.3 million in Total Access Elevator, LLC ("Total Access") through secured first lien debt and equity. We also extended Total Access a $3.0 million line of credit commitment and a $2.5 million delayed draw term loan commitment, both of which were unfunded at close.
- Portfolio Activity: In April 2024, our debt investment in Giving Home Healthcare, LLC ("Giving Home") paid off at par for net cash proceeds of $29.7 million including a $0.9 million prepayment penalty. We also received a $2.5 million distribution related to our warrant position in Giving Home.
- Portfolio Activity: In May 2024, our debt investment in Gray Matter Systems, LLC paid off at par for net cash proceeds of $14.0 million including a $0.2 million prepayment penalty.
- Reverse Stock Split: On April 4, 2024, we completed a 1-for-2 reverse stock split (the "Reverse Stock Split") of the Company's issued and outstanding common stock, par value $0.001 per share ("Common Stock"), by the filing of Articles of Amendment with the State Department of Assessments and Taxation of Maryland pursuant to the Maryland General Corporation Law. The Reverse Stock Split became effective at 4:05 p.m. Eastern Time on April 4, 2024. The Reverse Stock Split was effective for purposes of trading as of the opening of business on the Nasdaq Global Select Market on April 5, 2024. As a result of the Reverse Stock Split, every two shares of Common Stock issued and outstanding were automatically combined into one new share of Common Stock. Additionally, following the Reverse Stock Split, our NAV per share approximately doubled to $19.80 per share.
- Distributions and Dividends Declared: In April 2024, our Board of Directors declared the following distributions to common and preferred stockholders:
- 投资组合活动：2024年4月，我们通过有担保的第一留置权债务和股权向Total Access Elevator, LLC（“Total Access”）投资了730万美元。我们还向Total Access延长了300万澳元的信贷额度承诺和250万澳元的延迟提取定期贷款承诺，两者在收盘时都没有资金。
- 投资组合活动：2024年4月，我们对Giving Home Healthcare, LLC（“Giving Home”）的债务投资按面值还清了2970万美元的净现金收益，其中包括90万美元的预付款罚款。我们还收到了与我们在Giving Home中的认股权证持仓相关的250万美元分配。
- 投资组合活动：2024年5月，我们对Gray Matter Systems, LLC的债务投资按面值还清了1400万美元的净现金收益，其中包括20万美元的预付款罚款。
- 反向股票拆分：2024年4月4日，我们根据马里兰州通用公司法向马里兰州评估和税务部提交了修正条款，完成了公司已发行和流通普通股（面值每股0.001美元）的1比2反向股票拆分（“反向股票拆分”）。反向股票拆分于美国东部时间2024年4月4日下午 4:05 生效。自2024年4月5日纳斯达克全球精选市场开业之日起，反向股票拆分对交易有效。由于反向股票拆分，每两股已发行和流通的普通股自动合并为一股新普通股。此外，在反向股票拆分之后，我们的每股资产净值大约翻了一番，达到每股19.80美元。
- 已宣布的分配和分红：2024 年 4 月，我们的董事会宣布向普通股和优先股股东进行以下分配：
Record Date |
Payment Date |
Distribution per Common Share | |||
April 19, 2024 |
April 30, 2024 |
$ | 0.165 | ||
May 17, 2024 |
May 31, 2024 |
0.165 | |||
June 19, 2024 |
June 28, 2024 |
0.165 | |||
Total for the Quarter |
$ | 0.495 | |||
记录日期 |
付款日期 |
普通股每股分配 | |||
2024年4月19日 |
2024年4月30日 |
$ | 0.165 | ||
2024年5月17日 |
2024年5月31日 |
0.165 | |||
2024 年 6 月 19 日 |
2024年6月28日 |
0.165 | |||
本季度总计 |
$ | 0.495 | |||
Record Date |
Payment Date |
Distribution per Series A Preferred Stock | |||
April 22, 2024 |
May 3, 2024 |
$ | 0.130208 | ||
May 23, 2024 |
June 5, 2024 |
0.130208 | |||
June 25, 2024 |
July 5, 2024 |
0.130208 | |||
Total for the Quarter |
$ | 0.390624 | |||
记录日期 |
付款日期 |
每股 A 系列优先股的分配 | |||
2024年4月22日 |
2024年5月3日 |
$ | 0.130208 | ||
2024年5月23日 |
2024年6月5日 |
0.130208 | |||
2024年6月25日 |
2024年7月5日 |
0.130208 | |||
本季度总计 |
$ | 0.390624 | |||
Conference Call for Stockholders: The Company will hold its earnings release conference call on Thursday, May 2, 2024, at 8:30 a.m. Eastern Time. Please call (866) 424-3437 to enter the conference call. An operator will monitor the call and set a queue for any questions. A replay of the conference call will be available through May 9, 2024. To hear the replay, please dial (877) 660-6853 and use playback conference number 13744826. The replay of the conference call will be available beginning approximately one hour after the call concludes. The live audio broadcast of the Company's quarterly conference call will also be available online at . The event will be archived and available for replay on the investors section of the Company's website.
股东电话会议：公司将于美国东部时间2024年5月2日星期四上午 8:30 举行财报发布电话会议。请致电 (866) 424-3437 进入电话会议。接线员将监控通话并为任何问题设置队列。电话会议的重播将持续到2024年5月9日。要收听重播，请拨打 (877) 660-6853 并使用回放会议号码 13744826。电话会议结束大约一小时后将开始重播电话会议。公司季度电话会议的音频直播也将在以下网址在线播出 。该活动将在公司网站的投资者专区存档并可供重播。
About Gladstone Capital Corporation: Gladstone Capital Corporation is a publicly-traded business development company that invests in debt and equity securities, consisting primarily of secured first and second lien term loans to lower middle market businesses in the United States. Information on the business activities of Gladstone Capital and the other publicly-traded Gladstone funds can be found at .
关于格拉德斯通资本公司：格拉德斯通资本公司是一家上市业务发展公司，投资债务和股权证券，主要包括向美国中低端市场企业提供的第一和第二留置权有担保定期贷款。有关格拉德斯通资本和其他公开交易的格拉德斯通基金业务活动的信息，请访问 。
To obtain a paper copy of the Company's most recent Form 10-Q, please contact the Company at 1521 Westbranch Drive, Suite 100, McLean, VA 22102, ATTN: Investor Relations. The financial information above is not comprehensive and is without notes, so readers should obtain and carefully review the Company's Form 10-Q for the quarter ended March 31, 2024, including the notes to the consolidated financial statements contained therein.
要获取公司最新的10-Q表格的纸质副本，请通过弗吉尼亚州麦克莱恩市麦克莱恩22102号西分行大道1521号100号与公司联系，收件人：投资者关系。上述财务信息不全面，没有附注，因此读者应获取并仔细阅读公司截至2024年3月31日的季度10-Q表，包括其中包含的合并财务报表附注。
Investor Relations Inquiries: Please visit or (703) 287-5893.
投资者关系查询：请访问 或 (703) 287-5893。
Forward-looking Statements:
前瞻性陈述：
The statements in this press release about future growth and shareholder returns are "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements inherently involve certain risks and uncertainties in predicting future results and conditions. Although these statements are based on our current plans that are believed to be reasonable as of the date of this press release, a number of factors could cause actual results and conditions to differ materially from these forward-looking statements, including those factors described from time to time in our filings with the U.S. Securities and Exchange Commission. The Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect any future events or otherwise, except as required by law.
本新闻稿中关于未来增长和股东回报的声明是经修订的1933年《证券法》第27A条和经修订的1934年《证券交易法》第21E条所指的 “前瞻性陈述”。这些前瞻性陈述本质上涉及预测未来业绩和状况的某些风险和不确定性。尽管这些声明基于我们目前的计划，截至本新闻稿发布之日，这些计划被认为是合理的，但许多因素可能导致实际业绩和状况与这些前瞻性陈述存在重大差异，包括我们在向美国证券交易委员会提交的文件中不时描述的因素。除非法律要求，否则公司没有义务公开发布可能为反映任何未来事件或其他原因而对这些前瞻性陈述进行的任何修订的结果。
SOURCE: Gladstone Capital Corporation
来源：格拉德斯通资本公司
