Gladstone Investment Corporation (NASDAQ:GAIN) Q3 2024 Earnings Call Transcript

And I would say that the integration has come along really well. So we’ve clearly enhanced the overall value. So I feel really good about that transaction without, by the way, getting it that particular company in a very highly leveraged situation, relatively speaking, so really, really good opportunity. So we’ll continue and yes, some of our existing portfolio companies are seeing some opportunities like that, and we continue. Some of them are on the smaller end. Some of them do not require additional financing from GAIN per se because their own balance sheets are strong enough to handle some smaller add-ons where it really makes some sense, whether it be a product line or what have you. And so yes, we continue to do that because frankly, as I said in my remarks, and you appreciate, if we can keep adding value to an existing portfolio company again, where overall we know it and it’s accretive, we’re happy to do that.

One other company, another one of our portfolio companies actually, where they made a fairly good sized acquisition and we were able to go back in as well and help to add to that particular investment as well. And so the short answer is yes, we’re going to continue looking at those opportunities.

Bryce Rowe: That’s great. I appreciate the time.

David Dullum: Yes, sir. Thank you.

Erich Hellmold: Question?

Operator: This concludes our question-and-answer session. I would like to turn the floor back over to David Gladstone for closing comments.

David Gladstone: Thank you. That was a good quarter and I think when we put the numbers together for the year end of March 31, one of our best years ever, I think we’ll probably be over $1 billion in assets by then. But anyway, I don’t have a crystal ball, so I have no idea what’s really going to happen. But we’re guessing that things are back strong and growing. A lot of people in the investing world are thinking that business development companies like this one are a place to put some money. But thank you all and that’s the end of this presentation.

Operator: This concludes today’s teleconference. You may disconnect your lines at this time. Thank you for your participation.