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Glad - Gladstone Capital Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Mar 27, 2019.

  1. Marvan

    Marvan Member

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    Gladstone Capital Corporation is a private equity and a venture capital fund specializing in lower middle market, growth capital, add on acquisitions, debt investments in senior loans, second lien loans, senior subordinated loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants.

    Glad also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts. It targets small and medium-sized companies in United States.

    Gladstone invests in companies engaged in the business services, light and specialty manufacturing, niche industrial products and services, specialty consumer products and services, energy services, transportation and logistics, healthcare and education services, specialty chemicals, media and communications and aerospace and defense.

    The corporation seeks to invest between $7 million and $30 million in companies that have between $20 million and $150 million in sales and EBITDA between $3 million and $25 million and prefers to acquire minority stakes.
    It seeks to exit its investments through strategic acquisitions by other industry participants or financial buyers, initial public offerings of common stock, or other capital market transactions.

    [​IMG]
     
  2. Marvan

    Marvan Member

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    I bought on dips over the years, great dividend, is a long term investment to me.
     
  3. Marvan

    Marvan Member

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  4. Marvan

    Marvan Member

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    Gladstone Capital (GLAD) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2019.
    This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

    This real estate investment trust is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of +4.8%.

    Revenues are expected to be $12.60 million, up 13.6% from the year-ago quarter.

    https://uk.finance.yahoo.com/news/gladstone-capital-glad-reports-next-143302865.html
     
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  5. Marvan

    Marvan Member

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    Gladstone Commercial Corporation (NASDAQ: GOOD) (“Gladstone Commercial”) today reported financial results for the first quarter ended March 31, 2019
    • Acquired properties: Purchased two fully-occupied industrial properties for $6.3 million with an aggregate of approximately 60,850 square feet of rental space at a weighted average cap rate of 8.2%;
    • Sold properties: Sold one property as part of our capital recycling strategy for $6.9 million, resulting in a net gain of $3.0 million;
    • Issued new debt: Borrowed $10.6 million in fixed rate mortgage debt at a 4.7% interest rate with a 10 year maturity date;
    • Repaid debt: Partially repaid a mortgage totaling $3.5 million, releasing one of the collateralized properties;
    • Renewed leases: Renewed two leases totaling 130,240 square feet for an additional five years;
    • Renewed shelf registration: Renewed our shelf registration statement to allow us to issue up to $500.0 million of additional equity;
    • Issued stock under ATM program: Issued 700,231 shares of common stock for net proceeds of $14.1 million; and
    • Paid distributions: Paid monthly cash distributions for the quarter totaling $0.375 per share on our common stock, $0.4843749 per share on our Series A Preferred Stock, $0.46875 per share on our Series B Preferred Stock, $0.4374999 per share on our Series D Preferred Stock, and $0.2625 per share on our senior common stock.
    https://www.gladstonecommercial.com...ts-for-the-first-quarter-ended-march-31-2019/
     
  6. Marvan

    Marvan Member

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    Gladstone Capital Corporation (NASDAQ: GLAD) (the “Company”) announced today that its board of directors declared the following monthly cash distributions for July, August and September 2019 and also announced its plan to report earnings for the third fiscal quarter ended June 30, 2019.

    Cash Distributions:

    Common Stock: $0.07 per share of common stock for each of July, August and September 2019, payable per the table below. The Company has paid 189 consecutive monthly cash distributions on its common stock.

    https://ir.gladstonecapital.com/new...l-announces-monthly-cash-distributions-july-4
     
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  7. TomB16

    TomB16 Active Member

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    The financials for this company look terrific.
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Monthly dividend is pretty cool. If you could get in closer to $9, it would be a fairly low risk play as long as you set your stop a little below $9 and stick to it. Had one big dip back when the whole market dipped, but if you had your stop set, you'd have been stopped out in the mid-upper 8's for like a 5% loss. Adding it to my watchlist with an alert at $9.25 to look for an entry close to $9.

    upload_2019-7-10_7-28-15.png
     
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  9. Onepoint272

    Onepoint272 Well-Known Member

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    This is, or is like, an MLP, right? They give "distributions" of which only a very small part are qualified dividends and the majority is a pre-corporate-tax distribution of earnings ...complicates the tax reporting and not worth all the record keeping unless you go in big.

    Oh, and if the above is the case, and you think you'll just put it into an IRA or other tax-deferred retirement account....you'd be sorry. It could cost you a ton of aggravation trying to straighten out that mistake. Distributions can be different than dividends. Corporate taxes have been paid on dividends but not on MLP distributions. The partners (you and the other unit holders in an MLP) pay your share of those taxes as personal income tax...and if it is held in an IRA, that's a big if not illegal problem.

    Just saying, do a little research on the tax consequences before you jump into something like this.
     
    #9 Onepoint272, Jul 10, 2019
    Last edited: Jul 10, 2019
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  10. T0rm3nted

    T0rm3nted Moderator
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    Thanks, I'll just remove it from my watchlist. Was going to try to get in with my 401K. Appreciate the heads up.
     
  11. Marvan

    Marvan Member

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    Dividends or distributions (American or Canadian ), there is no different way of tax for me as an European, id do have to pay 15% towards America/Canada and then 30% in Belgium.
     
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