earnings
confidence high
sentiment neutral
materiality 0.80
PennantPark Q4 NII $0.22/share, FY NII $0.92; JV upsize adds $500M capacity
PENNANTPARK INVESTMENT CORP
- Q4 net investment income $14.4M ($0.22/share); FY NII $60.1M ($0.92/share).
- Distribution raised to $0.24/share in Q4 (up from $0.21); FY distributions $0.88/share.
- Adjusted NAV per share $7.56, up 0.5% quarter-over-quarter.
- PSLF joint venture upsized: PNNT invests additional $52.5M; credit facility increased to $400M.
- Portfolio companies on non-accrual rose to two, representing 2.3% of fair value (vs 0% prior year).