Gladstone Investment Corporation
Company Overview
Gladstone Investment Corporation is a business development company (BDC) that primarily invests in small and medium-sized private businesses in the United States. The company provides debt and equity financing solutions to lower middle market companies, typically investing between $5 million and $30 million per company.
The company's investment strategy focuses on secured lending and generating current income through interest payments on loans, as well as capital appreciation through equity investments. They typically invest in mature companies with stable cash flows and established market positions.
Use of Interest
| Reporting Date | Total Revenue | Total Operating Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Sept. 30, 2024 | $16.17m | $6.4m | $14.6m | $6.4m | 90.29% | 100.00% |
| June 30, 2024 | $-3244000.0 | $6.48m | $14.14m | $6.48m | 436.04% | 100.00% |
| March 31, 2024 | $17.93m | $6.52m | $14.9m | $6.52m | 83.09% | 100.00% |
Company Impact
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