Loading...
•
Sep 30, 2022
PennantPark Q4 2022 Earnings Report
Announced financial results with a 10.0% increase of its quarterly distribution to $0.165 per share.
Key Takeaways
PennantPark Investment Corporation reported its Q4 and fiscal year ended September 30, 2022. The company's investment portfolio totaled $1,226.0 million, and net assets were $585.6 million. Net investment income was $9.2 million, or $0.14 per share.
Investment portfolio totaled $1,226.0 million.
GAAP net asset value per share was $8.98.
Net investment income was $9.2 million.
The company declares a distribution of $0.165 per share, an increase of 10.0% from the most recent distribution.
Forward Guidance
PNNT is targeting to grow Net Investment Income through growing assets on balance sheet, growing the PSLF joint venture and rotating equity investments into yielding instruments and is looking forward to investing in the late 2022 and 2023 vintage of new loans that should benefit from more conservative structures at higher yields.
Positive Outlook
- PNNT is well positioned as a leading provider of capital to the core middle market.
- PNNT continues to target executing on its strategy to grow Net Investment Income through growing assets on balance sheet
- PNNT continues to target executing on its strategy to grow Net Investment Income through growing the PSLF joint venture
- PNNT continues to target executing on its strategy to grow Net Investment Income through rotating equity investments into yielding instruments.
- PNNT is looking forward to investing in the late 2022 and 2023 vintage of new loans that should benefit from more conservative structures at higher yields.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...