Gladstone Capital Q3 Earnings Call Highlights
Gladstone Capital (NASDAQ: GLAD) reported Q3 net assets from operations up $13.3 million, or $0.59 per share, helped by $3.0 million of net portfolio appreciation. As of June 30, total assets were $970 million and NAV per share rose to $21.50. Monthly common distributions were $0.15/share (about 9.3% yield). Non-accrual debt rose to 5% of portfolio at cost; management cited Lone Star Circuits and eegee’s. Imperative prepayment of $12 million reduced oil and gas exposure.




