Jun 30, 2023

PennantPark Floating Rate Q3 2023 Earnings Report

Announced financial results for the third quarter ended June 30, 2023.

Key Takeaways

PennantPark Floating Rate Capital Ltd. reported a net investment income of $18.5 million, or $0.36 per share, for the quarter ended June 30, 2023. The company's portfolio totaled $1,105.3 million, with a weighted average yield on debt investments of 12.4%.

Portfolio totaled $1,105.3 million as of June 30, 2023.

Net investment income totaled $18.5 million, or $0.36 per share.

Invested $80.0 million in four new and 40 existing portfolio companies.

Weighted average yield on debt investments was 12.4%.

Total Revenue
$37.7M
Previous year: $25.7M
+46.6%
EPS
$0.31
Previous year: $0.29
+6.9%
Weighted Average Yield on Debt
12.4%
Previous year: 8.5%
+45.9%
Cash and Equivalents
$59.1M
Previous year: $40.6M
+45.6%
Total Assets
$1.11B

PennantPark Floating Rate

PennantPark Floating Rate

Forward Guidance

No specific forward guidance was provided in the text.