Gladstone Capital (GLAD)
Provides debt and equity financing to established private U.S. businesses.
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Provides debt and equity financing to established private U.S. businesses. It is an externally managed BDC that relies on Gladstone Management Corporation to execute strategy and risk management.
Invests in debt and equity securities of established private U.S. businesses. Gladstone Management Corporation acts as its investment adviser under an externally managed structure.
As a closed-end, non-diversified management investment company, it has elected BDC status under the Investment Company Act of 1940 and RIC tax treatment. It has no employees or separate facilities and relies on its adviser to implement business strategy and risk-management practices. Since the 2001 IPO, it has made loans or investments across hundreds of companies. The adviser arrangement is central to its operating model. The externally managed structure shapes its operations.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Feb 6, 2026 | Jefferies | Target | Target: — | Target: $21 |
| Nov 19, 2025 | Oppenheimer | Target | Target: — | Target: $22 |
| Nov 19, 2025 | B.Riley Financial | Target | Target: $23 | Target: $22 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $2.4M · Total debt $429.9M · Total assets $970.1M · Shareholders' equity $530.7M
- Revenue
- $20.8M
- Operating income
- $14.0M
- Net income
- $14.0M
HistoryDividendAnnual yield
| Institutions | 12.71% | 2.87M shares | |
|---|---|---|---|
| 81 holders · as of Jun 30, 2026 | |||
| Insiders | 1.18% | 267.4K shares | |
| 6 holders · as of Apr 7, 2026 | |||
| Other | 86.11% | 19.45M shares | |
| remainder | |||
22.59M company shares as of Sep 23, 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% | 456,227 | as of Jun 30, 2026 |
UBS Group AGInstitution | 1.27% | 286,863 | as of Jun 30, 2026 |
Bob MarcotteInsiderofficer: President | 1.10% | 248,210 | filed Dec 11, 2024 |
Legal & General Group PLCInstitution | 0.81% | 182,091 | as of Jun 30, 2026 |
Two Sigma Investments, LPInstitution | 0.72% | 162,633 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Nov 20, 2025 | Nicole Frances Dubas Schaltenbrand | officer: CFO and Treasurer | +496 | $20.16 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Gladstone Capital | $19.14 | −1.12% | $437.4M | 10.3 | 9.7 | 5.5 | +35.8% |
| Main Street Capital | $55.27 | −1.31% | $5.21B | 11.3 | 14.5 | 7.4 | −26.1% |
| Capital Southwest | $23.14 | −0.88% | $1.45B | 12.9 | 9.9 | 6.3 | +9.1% |
| Oaktree Specialty Lending | $12.21 | −1.32% | $1.09B | 25.6 | 9.0 | 3.9 | +12.3% |
| Bain Capital Specialty Finance | $11.11 | −0.98% | $727.8M | 11.3 | 7.6 | 3.8 | −15.4% |
| PennantPark Investment | $3.39 | −1.46% | $224.6M | 21.8 | 5.9 | 2.3 | −16.2% |
| Median | 12.9 | 9.0 | 3.9 | −15.4% |