Portman Ridge Q1 NII falls 43% QoQ to $0.67/sh; NAV $22.57; dividend $0.69

BCP Investment Corp

2024-Q1 EPS reported $0.48

NII of $6.2M ($0.67/sh) down from $11.2M ($1.18) Q4 2023 and $8.5M ($0.89) Q1 2023.
NAV per share $22.57, down from $22.76 at Dec 31, 2023; total investments $471.3M.
Repurchased 51,015 shares for $1.0M in Q1, accretive $0.02 to NAV; Q2 dividend $0.69 payable May 31.
Core investment income $16.5M vs $19.3M YoY; non-accruals unchanged at 7 debt investments.
Net leverage 1.2x; borrowing par $291.7M down from $325.7M; asset coverage 171%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BCP Investment Corp reported first quarter ended March 31, 2024 results: revenue $16.5 million, net income $6.2 million ($0.67 per share), EPS $0.67 per share.

Period: first quarter ended March 31, 2024
Revenue: $16.5 million
Net income: $6.2 million ($0.67 per share)
EPS: $0.67 per share
Result: reported results

Exact text from the filing

announced today its financial results for the first quarter ended March 31, 2024. First Quarter 2024 Highlights • Total investment income for the first quarter of 2024 was $16.5 million (inclusive of the reversal $0.4 million, or $0.04 per share, of previously accrued income on two loans that were placed on non-accrual status in the first quarter), as compared

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Source: SEC EDGAR

accession 0001193125-24-137267

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