American Capital Senior Floating (ACSF) Reports In-Line Q4 EPS

American Capital Senior Floating (NASDAQ: ACSF) reported Q4 EPS of $0.28, in-line with the analyst estimate of $0.28.

• Investing activities
  • Invested $34.9 million into 20 new obligors
  • Sold $10.1 million of investments and received $17.4 million of repayments, including distributions received from our collateralized loan obligations (“CLOs”)
• Net investment income of $0.28 per share, or $2.8 million
  • Decreased $0.03 per share from Q3 2016 net investment income of $0.31 per share
• Net earnings of $0.77 per share, or $7.7 million
  • Decreased $0.26 per share from Q3 2016 net earnings of $1.03 per share due to lower net unrealized appreciation in Q4 2016 as compared to Q3 2016
• NAV of $13.68 per share, or $136.8 million as of December 31, 2016
  • $0.48 per share increase from September 30, 2016 NAV per share of $13.20
• Monthly cash distributions to stockholders of $0.097 per share ($0.291 for the quarter)
  • 8.5% annualized yield on the December 31, 2016 NAV per share
  • 9.8% annualized yield on the December 31, 2016 closing market price of $11.90 per share
• $244.9 million investment portfolio at fair value as of December 31, 2016
  • $188.1 million, or 77%, in first lien floating rate loans
  • $15.5 million, or 6%, in second lien floating rate loans
  • $41.3 million, or 17%, of equity in CLOs
• 6.50% investment portfolio yield at cost as of December 31, 2016
• 2.76% cost of funds as of December 31, 2016
• 0.77x debt to equity ratio as of December 31, 2016

For earnings history and earnings-related data on American Capital Senior Floating (ACSF) click here.

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