FBR Capital Downgrades PennantPark Investment (PNNT) to Market Perform Following Q4 EPS Miss and Dividend Cut
- Futures inch higher in run-up to corporate earnings
- JPMorgan is worried about further S&P 500 sell-off potential
- Oil rises on robust EU data as Mideast tensions linger
- China acquired top-end Nvidia AI chips despite recent US ban- Reuters
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
PennantPark Investment Corporation Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2016, Adjusts Quarterly Distribution for 2017, and Extends Fee Waiver
November 21, 2016 4:05 PM ESTNEW YORK, NY -- (Marketwired) -- 11/21/16 -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2016, an adjustment to its quarterly distribution for 2017 and extension of the previously announced fee waiver.
HIGHLIGHTS
Quarter ended September 30, 2016 ($ in millions, except per share amounts)
Assets and Liabilities: Investment portfolio $ 1,153.7 Net assets $ 643.4 Net asset value per share $ 9.05 Credit Facility $ 39.6 2019 Notes $ 254.2 SBA debentures $ 193.2 2025 Notes $ 72.6 Yield on debt investments at quarter-end 11.9% Operating Results: Quarter Year Ended Ended September September 30, 2016 30, 2016 ------------ ------------ Net investment income $ 70.6 $ 15.2 Net investment income per share $ 0.99 $ 0.21 Distributions... More