GAIN - Stocking Stuffer Or Sell The Recent Rally: Gladstone Investment

On Dec. 11, 2019, Gladstone Investment (GAIN) announced the sale of its portfolio company Nth Degree, Inc. to MSouth Equity Partners, an Atlanta-based private equity firm, resulting in “significant capital gain on its equity investment." As of September 30, 2019, Nth Degree, Inc. represented 11.7% of GAIN's total investment portfolio at fair value and is marked $52 million over cost with a potential realized gain of $1.59 per share using its Sept. 30, 2019, fair value. However, there's a good chance that this amount will be less as discussed later.

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