First Enhanced Equity Income Fund (FFA) vs Gladstone Capital (GLAD)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 10, 2026.
Summary
First Enhanced Equity Income Fund is the larger company by market cap ($451.9 million vs $425.0 million), about 1.1 times the size. On valuation, First Enhanced Equity Income Fund trades at a lower trailing P/E (4.8x vs 8.9x for Gladstone Capital). Gladstone Capital offers the higher dividend yield (9.81% vs 6.86%).
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FFA | GLAD |
|---|---|---|
| Share price | $22.61 | $18.81 |
| Market cap | $451.93M | $424.98M |
| 1-day change | +1.16% | -0.95% |
| YTD return | — | -8.95% |
| 1-year return | — | -4.61% |
| 5-year return | — | -17.72% |
| P/E ratio (TTM) | 4.81 | 8.91 |
| Forward P/E | — | 9.55 |
| EPS (TTM) | $4.70 | $2.11 |
| Dividend yield | 6.86% | 9.81% |
| Annual dividend | $1.55 | $1.85 |
| 52-week high | $23.82 | $21.73 |
| 52-week low | $19.50 | $16.54 |
| Distance from 52-week high | -5.08% | -13.44% |
| Analyst consensus | — | none |
| Avg. price target upside | — | +16.96% |
| Average volume | 26.07K | 166.29K |
| Shares outstanding | 19.99M | 22.59M |
| Sector | Financial Services | Financial Services |
| Industry | Asset Management | Asset Management |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Gladstone Capital trades at a higher earnings multiple (8.9x vs 4.8x trailing P/E).
- Gladstone Capital offers a meaningfully higher dividend yield (9.81% vs 6.86%).
About First Enhanced Equity Income Fund
FFA stock →First Trust Enhanced Equity Income Fund is a closed-ended equity mutual fund launched and managed by First Trust Advisors L.P. The fund is co-managed by Chartwell Investment Partners, L.P.
Financial Services · Asset Management
About Gladstone Capital
GLAD stock →Gladstone Capital Corporation is a business development company specializing in private equity and venture capital investments with a focus on lower middle market, growth capital, add on acquisitions, change of control, buy & build strategies, debt refinancing, debt investments in senior term loans, revolving loans, secured first and second lien term loans, senior subordinated loans, unitranche loans, junior subordinated loans, and mezzanine loans and equity investments in the form of common stock, preferred stock, limited liability company interests, or warrants. The fund also makes private equity investments in acquisitions, buyouts and recapitalizations, and refinancing existing debts.
Financial Services · Asset Management
FFA vs GLAD FAQ
Which is bigger, First Enhanced Equity Income Fund or Gladstone Capital?
First Enhanced Equity Income Fund (FFA) is larger, with a market capitalization of $451.93M compared with $424.98M for Gladstone Capital (GLAD).
Which has the lower P/E ratio, FFA or GLAD?
FFA has the lower trailing P/E at 4.8, versus 8.9 for GLAD. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, First Enhanced Equity Income Fund or Gladstone Capital?
Gladstone Capital has the higher yield at 9.81%, compared with 6.86% for First Enhanced Equity Income Fund.
Are First Enhanced Equity Income Fund and Gladstone Capital in the same industry?
Yes. Both are classified in the Asset Management industry within the Financial Services sector.