Gladstone Capital: Solid Distribution Coverage But Rising Non-Accruals (Rating Downgrade)
GLADGladstone Capital (GLAD) Seeking Alpha·2024-08-18 22:58

DNY59 Overview I previously covered Gladstone Capital (NASDAQ:GLAD) a quarter ago in mid-May. I issued a buy rating on GLAD due to its attractive valuation and less risky offering than its peer fund, Gladstone Investment (GAIN). Since then, GLAD has provided a total return of approximately 6% through a combination of income and capital appreciation. GLAD operates as a business development company that generates its earnings by making varying forms of debt investments to middle market companies. We can see t ...