GLAD: Surviving But No Catalysts To Thrive

2026-02-17 09:27:48 ET

Overview

As business development companies continue to struggle in this high interest rate environment, we now see many high quality businesses trading at new lows. Gladstone Capital ( GLAD ) is no exception to this and the stock now trades at the lowest price to NAV valuation over the last five years. When I previously covered GLAD, I issued a hold rating due to the underwhelming earnings and portfolio deterioration. Since my last coverage, GLAD has released its Q1 earnings and this prompted me to revisit the BDC's current value proposition through 2026....

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