Gladstone Investment Corporation chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 2.29
Dividend & Yield0.96$ (6.83%)
Beta 1.38
Market capitalization 465.62M
Operating cash flow 33.44M
ESG Scores unknown

Company description

Gladstone Investment Corporation is business development company, specializes in lower middle market, mature stage, buyouts; refinancing existing debt; senior debt securities such as senior loans, senior term loans, lines of credit, and senior notes; senior subordinated debt securities such as senior subordinated loans and senior subordinated notes; junior subordinated debt securities such as subordinated notes and mezzanine loans; limited liability company interests, and warrants or options. The fund does not invest in start-ups. The fund seeks to invest in manufacturing, consumer products and business/consumer services sector. It seeks to invest in small and mid-sized companies based in the United States. The fund prefers to make debt investments between $5 million and $30 million and equity investments between $10 million and $40 million in companies. The fund seeks to invest in companies with revenue between $20 million and $100 million. The fund invests in companies with EBITDA from $3 million to $20 million. It seeks minority equity ownership and prefers to hold a board seat in its portfolio companies. It also prefers to take majority stake in its portfolio companies. The fund typically holds the investments for seven years and exits via sale or recapitalization, initial public offering, or sale to third party.

Sector: Financial Services - Industry: Asset Management

Financial Ratios
Quick Ratio0.43
Working Capital-4.3
Return On Equity0.11
Debt To Equity0.64
Fixed Asset Ratio0.19
Fixed Interest Cover2.21

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 151k 376k -521k 236k
Total Cashflows From Investing Activities
Net Borrowings -54M -3.8M 101.14M 112.15M
Total Cash From Financing Activities -93.98M -34.85M 28.07M -24.5M
Change To Operating Activities 33.25M -16.95M -5.49M 10.25M
Issuance Of Stock 1.87M 3.13M 1.77M
Net Income 81.59M -7.23M 42.45M 102.32M
Change In Cash -362k 455k -1.66M 12.1M
Effect Of Exchange Rate
Total Cash From Operating Activities 93.61M 35.31M -29.73M 36.6M
Depreciation
Change To Account Receivables -287k -621k 16k -131k
Other Cashflows From Financing Activities -4.43M -265k -5.76M -3.43M
Change To Netincome -22.7M 58.24M -67.94M -77.87M
Capital Expenditures

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 81.59M -7.23M 42.45M 102.32M
Net Income 81.59M -7.23M 42.45M 102.32M
Selling General Administrative 35.62M 11.75M 23.82M 40.38M
Gross Profit 59.66M 61.92M 56.63M 72.55M
Ebit 10.54M 39.91M 32.8M 32.18M
Operating Income 10.54M 39.91M 32.8M 32.18M
Interest Expense -16.5M -13.81M -14.86M -17.19M
Income Tax Expense
Total Revenue 59.66M 61.92M 56.63M 72.55M
Cost Of Revenue
Total Other Income ExpenseNet 71.05M -47.15M 9.65M 70.14M
Net Income From Continuing Ops 81.59M -7.23M 42.45M 102.32M
Net Income Applicable To Common Shares 81.59M -7.23M 42.45M 102.32M

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 227.99M 207.35M 261.37M 294.58M
Total Stockholder Equity 407.11M 369.03M 382.36M 445.83M
Other Current Liabilities
Total Assets 635.1M 576.38M 643.73M 740.41M
Common Stock 33k 33k 33k 33k
Other Current Assets 2.4M 1.78M 936k 705k
Retained Earnings 40.66M -32.02M -18.46M 47.85M
Treasury Stock
Cash 1.7M 2.78M 2.06M 14.19M
Total Current Liabilities 25.96M 8.98M 17.39M 32.9M
Other Stockholder Equity
Property, Plant, and Equipment
Total Current Assets 8.21M 8.83M 7.53M 24.34M
Net Tangible Assets 407.11M 369.03M 382.36M 445.83M
Net Receivables 4.11M 4.27M 4.53M 9.45M
Accounts Payable 892k 1.08M 563k 799k


Insider Transactions

Here are the insider transactions of stock shares related to Gladstone Investment Corporation:

Filer Name Transaction Text Ownership Date Filer Relation Shares
SMITH JENNIFER APurchase at price 15.61 per share.D2022-08-19Officer100
DULLUM DAVID A RPurchase at price 12.75 per share.D2022-06-14President4k
EASTON RACHAEL ZPurchase at price 14.52 per share.D2022-05-20Chief Financial Officer175
DULLUM DAVID A RPurchase at price 14.46 - 14.69 per share.D2022-02-24President5.5k
EASTON RACHAEL ZPurchase at price 14.93 per share.D2022-02-23Chief Financial Officer200
DULLUM DAVID A RPurchase at price 16.54 per share.D2021-12-03President3k

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Gladstone Investment Corporation. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Gladstone Investment Corporation

Here is the result of two systematic investment strategies applied to Gladstone Investment Corporation. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Gladstone Investment Corporation

The following chart shows the equity curve of the two systematic investment strategies applied to Gladstone Investment Corporation:

Gladstone Investment Corporation automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 46.85% on the backtest period.

Performance at glance

Performance

46.85 %

Latent gain

826.21 $

Invested capital

1763.41 $

Annualized return

11.43 %
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Momentum strategy results on Gladstone Investment Corporation

This is the result of two momentum investment strategies applied to Gladstone Investment Corporation. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Gladstone Investment Corporation

The following chart shows all the entries opened by the momentum investment system on Gladstone Investment Corporation:

Gladstone Investment Corporation momentum entries
  • The first momentum investment strategy would give 49.33% of return on Gladstone Investment Corporation. That represents 2089.97$ of latent gain with 4236.57$ of employed capital.
  • The second momentum investment strategy would give 42.99% of return on Gladstone Investment Corporation. That represents 1182.64$ of latent gain with 2750.96$ of employed capital.
Performance at glance (1Q Momentum)

Performance

49.33 %

Latent gain

2089.97 $

Invested capital

4236.57 $

Annualized return

27.18 %
Performance at glance (2Q Momentum)

Performance

42.99 %

Latent gain

1182.64 $

Invested capital

2750.96 $

Annualized return

11.88 %

Momentum equity curve on Gladstone Investment Corporation

The following chart shows the equity curve of the two momentum strategies applied to Gladstone Investment Corporation:

Gladstone Investment Corporation momentum equity

Note: the dividends potentially given by Gladstone Investment Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Gladstone Investment Corporation

The following chart shows the employed capital evolution of the two momentum strategies on Gladstone Investment Corporation since the beginning:

Gladstone Investment Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Gladstone Investment Corporation

Buy the dip entry openings on Gladstone Investment Corporation

Gladstone Investment Corporation

The performance achieved by the robo-advisor on Gladstone Investment Corporation is 57.08%. That represents 428.84$ of latent gain with 751.24$ of employed capital. The following chart shows Gladstone Investment Corporation stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Gladstone Investment Corporation, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

57.08 %

Latent gain

428.84 $

Invested capital

751.24 $

Annualized return

27.18 %

Equity curve of the strategy applied to Gladstone Investment Corporation

The following chart shows the result of the investment strategy applied to Gladstone Investment Corporation:

Gladstone Investment Corporation

Note: the dividends potentially given by Gladstone Investment Corporation are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Gladstone Investment Corporation

The following chart shows the employed capital evolution since the beginning of the investment strategy on Gladstone Investment Corporation:

Gladstone Investment Corporation

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Gladstone Investment Corporation

In this section, I will compare the three previous investment strategies applied to Gladstone Investment Corporation.

Equity curve comparison on Gladstone Investment Corporation

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Gladstone Investment Corporation investment strategy comparison

Employed capital comparison on Gladstone Investment Corporation

Gladstone Investment Corporation investment comparison

Performance comparison on Gladstone Investment Corporation

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 46.85% 826.21$ 1763.41$ 11.43%
Momentum 1 quarter 49.33% 2089.97$ 4236.57$ 12.78%
Momentum 2 quarters 42.99% 1182.64$ 2750.96$ 11.88%
Non-directional 57.08% 428.84$ 751.24$ 27.18%
Annualized return comparison

Automatic investment

11.43 %

Momentum 1Q

11.88 %

Momentum 2Q

11.88 %

Non-directional

27.18 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Gladstone Investment Corporation:


Company information

Company name Gladstone Investment Corporation
Country United States
City McLean
Address 1521 Westbranch Drive
Phone 703-287-5800
Website www.gladstoneinvestment.com
FullTime employees
Industry Asset Management
Sector Financial Services
Exchange XNAS
Ticker GAIN
Market www.nasdaq.com

Gladstone Investment Corporation ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown