earnings
confidence high
sentiment neutral
materiality 0.60
PennantPark Q1 core NII $0.20/shr, NAV $7.57; upsizes credit facility to $500M
PENNANTPARK INVESTMENT CORP
- Net investment income $13.0M ($0.20/shr); core NII matches GAAP NII with no one-time items.
- Distributions declared $0.24/shr vs $0.21/shr year ago; net asset value $7.57/shr (+0.1% QoQ).
- Portfolio $1.30B; invested $295.7M, had $353.7M in sales/repayments; weighted avg yield on debt 12.0%.
- PSLF joint-venture portfolio grew to $1.28B from $1.03B in prior quarter; PSLF yields 10.7%.
- Credit facility upsized to $500M from $475M in Feb 2025; two portfolio cos on non-accrual (1.5% fair value).