earnings
confidence high
sentiment positive
materiality 0.65
PennantPark prelim Q4 NAV $7.53-$7.58, NII $0.21-$0.23; PSLF expanded
PENNANTPARK INVESTMENT CORP
- NAV per share estimated at $7.53-$7.58 vs $7.52 at June 30, 2024.
- Net investment income $0.21-$0.23 per share vs $0.24 prior quarter; Core NII unchanged at $0.21.
- Portfolio fair value $1.33B; PNNT and JV partner committed $127.5M to PSLF to scale to >$1.5B.
- PSLF senior credit facility increased to $400M; post-quarter liquidity event generated >$100M for PNNT.
- Two loans on non-accrual at 4.1% of cost vs 4.2% prior; total debt $776.5M.