PennantPark Floating Rate Q2 2021 Earnings Report

Announced financial results for the second fiscal quarter ended March 31, 2021.

Key Takeaways

PennantPark Floating Rate Capital Ltd. reported a net increase in net assets resulting from operations totaling $11.7 million, or $0.30 per share, for the quarter ended March 31, 2021. The portfolio totaled $1,069.1 million, with a weighted average yield on debt investments of 7.6%.

Portfolio totaled $1,069.1 million as of March 31, 2021.

Net investment income totaled $9.9 million, or $0.26 per share, for the quarter ended March 31, 2021.

Invested $160.2 million in four new and 17 existing portfolio companies during the quarter.

PSSL joint venture saw significant growth.

Total Revenue

$19.4M

Previous year: $26.3M