Gladstone Investment reports Q2 EPS 20c, consensus 20c
Net investment income for the quarters ended September 30, 2019 and June 30, 2019 was $6.6 million, or $0.20 per weighted-average common share, and $8.9 million, or $0.27 per weighted-average common share, respectively. This decrease was primarily a result of an increase in total expenses, net of credits, and a slight decrease in total investment income quarter over quarter. Total investment income during the quarters ended September 30, 2019 and June 30, 2019 was $16.6 million and $17.3 million, respectively. The slight quarter over quarter decrease was due to a $2.9 million decrease in other income, as the timing of dividend and success fee income can be variable, which more than offset the $2.3 million increase in interest income, which was primarily driven by the collection of past-due amounts upon the exit of one portfolio company.