Jun 30, 2021

PennantPark Floating Rate Q3 2021 Earnings Report

Announced financial results for the third fiscal quarter ended June 30, 2021.

Key Takeaways

PennantPark Floating Rate Capital Ltd. reported a strong portfolio performance for the quarter ended June 30, 2021, with a total portfolio value of $1,035.8 million. The company invested $248.3 million in new and existing portfolio companies and had net investment income of $10.3 million, or $0.27 per share.

Portfolio totaled $1,035.8 million as of June 30, 2021.

Invested $248.3 million in 10 new and 16 existing portfolio companies during the quarter.

Net investment income was $10.3 million, or $0.27 per share, for the quarter.

PSSL joint venture saw significant growth.

Total Revenue
$20.9M
Previous year: $22.8M
-8.2%
EPS
$0.27
Previous year: $0.26
+3.8%
Weighted Average Yield on Debt
7.5%
Previous year: 7.4%
+1.4%

PennantPark Floating Rate

PennantPark Floating Rate

PennantPark Floating Rate Revenue by Segment

Forward Guidance

Company did not provide forward guidance in the earnings report.