Gladstone Investment Corporation (GAIN)
GAIN · NASDAQ
McLean, VA | NASDAQ:GAIN
Overview
Gladstone Investment Corporation is a BDC that provides debt and equity financing to lower middle-market companies. GAIN is part of the Gladstone group of funds and is known for its monthly dividend payments, supplemented by additional distribution payments from successful equity exits. The company focuses on businesses with stable cash flows and tangible asset backing, typically providing capital for buyouts, acquisitions, and growth financing.
Key Metrics
| Metric | Value |
|---|---|
| 1-Year Total Return | 11.8% |
| 3-Year Total Return | 30.5% |
| 5-Year Total Return | 49% |
| Expense Ratio | 9.5% |
| Leverage Ratio | 1.15x |
| Portfolio Companies | 45 |
| Total Assets | $1B |
Investment Strategy
Gladstone Investment Corporation focuses on senior secured loans, mezzanine debt, equity investments in the consumer, industrial, business services, manufacturing sectors. The company targets lower middle-market companies and maintains a portfolio of 45 investments totaling $1B in assets.
Management
CEO: David A.R. Dullum | Employees: 18
Suitability
GAIN is suitable for income-focused investors seeking monthly dividend income with a 7.5% yield. The BDC's focus on senior secured loans provides defensive portfolio characteristics. Investors should consider their risk tolerance and investment objectives before investing.