earnings
confidence high
sentiment neutral
materiality 0.70
Portman Ridge Q2 NII $0.70/share; NAV falls to $21.21; credit facility upsized to $200M
BCP Investment Corp
2024-Q2 EPS reported
-$0.20
- Net investment income $6.5M ($0.70/share) vs $0.67 in Q1 and $0.83 in Q2 2023.
- NAV per share $21.21, down from $22.57 in Q1; total NAV $196.4M.
- Non-accrual debt investments rose to 9 (4.5% at amortized cost) from 7 (3.2%) in Q1.
- Credit facility amended: size increased to $200M from $115M, margin cut to 2.50%, maturity extended to Aug 2027.
- Declared Q3 dividend $0.69/share payable Aug 30; repurchased 79,722 shares for $1.6M in Q2.