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Stock impact report

Gladstone Investment: Benefits From Lack Of Rate Cuts [Seeking Alpha]

Gladstone Investment Corporation - Business Development Company (GAIN) 
Last gladstone investment corporation - business development company earnings: 2/4 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.gladstoneinvestment.com
Company Research Source: Seeking Alpha
Gladstone Investment is likely to benefit from a higher interest rate due to investment income growth in this environment as their portfolio contains floating rate debt investments. The current dividend yield is 6.8% and there's continued opportunity for additional supplemental distributions in this environment. GAIN has outperformed peer BDCs such as Main Street Capital & Ares Capital in total return since rates have risen. Overview The latest CPI report released, and the overall sentiment leads to a lower chance of interest rate cuts. The original probability of interest rate cuts before the March CPI report was around the 56% mark but has now dropped to an 18.5% chance of rate cuts by the end of June. While the market seems to be unpleased with this news, I think it's a great thing for the Business Development Company [BDC] sector and companies like Gladstone Investment ( NASDAQ: GAIN ) will mostly benefit from a higher rate environment. We can see how the price of GAIN ha Show less Read more
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