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Dec 31, 2020
PennantPark Floating Rate Q1 2021 Earnings Report
Announced financial results with a strong portfolio performance and an increase in net asset value.
Key Takeaways
PennantPark Floating Rate Capital Ltd. reported a net change in net assets resulting from operations of $26.1 million, or $0.67 per share, for the quarter ended December 31, 2020. Net investment income totaled $10.1 million, or $0.26 per share.
Portfolio totaled $1,067.3 million as of December 31, 2020.
Invested $67.0 million in five new and 17 existing portfolio companies during the quarter.
Net investment income was $10.1 million, or $0.26 per share.
Net change in net assets resulting from operations totaled $26.1 million, or $0.67 per share.
Forward Guidance
Management believes that the combination of a growing PSSL joint venture, the rotation of equity positions into yield generating debt instruments and a growing, more optimized PFLT balance sheet should position the Company well for increased income over time.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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