Gladstone Investment (GAIN)
Provides debt and equity capital for lower-middle-market U.S. buyouts and recapitalizations.
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Supplies secured debt and equity to mature lower-middle-market U.S. businesses, often providing most or all transaction capital. The externally managed BDC earns current income from credit investments while retaining equity participation in portfolio companies.
Provides debt and equity capital to mature lower-middle-market U.S. businesses in buyouts, changes of control, and recapitalizations. Investments span business and consumer services, consumer products, and manufacturing.
Secured debt is intended to generate current income, while equity interests provide participation in portfolio-company value creation. Transactions are typically executed alongside management teams or independent sponsors, with the fund often supplying most or all of the required capital.
Gladstone Management Corporation serves as the affiliated investment adviser, making the listed BDC externally managed rather than a conventional operating company. Capital deployment depends on portfolio valuations, repayments or exits, lending conditions, and continued access to debt financing.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 14, 2026 | Oppenheimer | Reiterate | Rating: —Target: $15 | Target: $17 |
| Feb 4, 2026 | Oppenheimer | Reiterate | Rating: —Target: — | Target: $15 |
| May 14, 2025 | Ladenburg Thalmann | Downgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $11.6M · Total debt $570.8M · Total assets $1.30B · Shareholders' equity $646.8M
- Revenue
- $19.4M
- Operating income
- −$1.0M
- Net income
- −$11.9M
HistoryDividendAnnual yield
| Institutions | 17.16% | 6.83M shares | |
|---|---|---|---|
| 100 holders · as of Jun 30, 2026 | |||
| Insiders | 0.01% | 4.4K shares | |
| 1 holder · as of Aug 19, 2026 | |||
| Other | 82.83% | 32.98M shares | |
| remainder | |||
39.82M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 2.02% | 804,098 | as of Jun 30, 2026 |
Melia Wealth LLCInstitution | 1.65% | 656,313 | as of Jun 30, 2026 |
UBS Group AGInstitution | 1.55% | 618,149 | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 1.47% | 584,106 | as of Jun 30, 2026 |
Cooper Creek Partners Management LLCInstitution | 1.45% | 576,289 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 18, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +1,500 | $16.20 |
| May 15, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +450 | $16.50 |
| May 18, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +150 | $16.29 |
| May 19, 2026 | Taylor Ritchie | officer: Chief Financial Officer | +315 | $16.13 |
- Main Street Capital
Customized lower-middle-market debt and equity capital
- Capital Southwest
Flexible lower-middle-market debt with equity co-investments
- Golub Capital BDC
Unitranche and senior-secured lending for sponsor-backed companies
- Barings BDC
Senior-secured private debt for sponsor-backed middle-market businesses
- Blue Owl Capital
Debt and equity investments for U.S. middle-market companies
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gladstone Investment | $15.84 | −0.03% | $630.8M | 3.8 | 16.9 | 6.0 | +10.2% |
| Main Street Capital | $56.21 | −0.13% | $5.23B | 11.3 | 14.8 | 7.5 | −26.1% |
| Capital Southwest | $23.46 | +0.06% | $1.46B | 13.0 | 10.1 | 6.3 | +9.1% |
| Golub Capital BDC | $12.56 | +0.08% | $3.27B | 22.8 | 9.8 | 4.6 | −14.2% |
| Barings BDC | $8.79 | −0.17% | $921.4M | 10.6 | 8.5 | 3.6 | +42.3% |
| Blue Owl Capital | $11.18 | −0.09% | $5.55B | 20.0 | 8.7 | 3.9 | −20.8% |
| Median | 13.0 | 9.8 | 4.6 | −14.2% |