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Mar 31, 2021
PennantPark Q2 2021 Earnings Report
Announced financial results, showing an increase in net asset value due to appreciation in equity investments.
Key Takeaways
PennantPark Investment Corporation reported financial results for the second fiscal quarter ended March 31, 2021. The company saw a substantial increase in net asset value due to material appreciation in the value of several equity investments. The portfolio totaled $1,175.2 million as of March 31, 2021.
Portfolio totaled $1,175.2 million as of March 31, 2021.
Net unrealized appreciation of $42.9 million as of March 31, 2021.
Invested $74.8 million in three new and eight existing portfolio companies with a weighted average yield on debt investments of 7.9%.
Net change in net assets resulting from operations totaled $38.5 million, or $0.57 per share.