FBR Capital Upgrades PennantPark Investment (PNNT) to Outperform
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PennantPark Investment Corporation Announces Financial Results for the Quarter Ended March 31, 2015
May 6, 2015 4:02 PM EDTNEW YORK, NY -- (Marketwired) -- 05/06/15 -- PennantPark Investment Corporation (NASDAQ: PNNT) announced today financial results for the second fiscal quarter ended March 31, 2015.
HIGHLIGHTS Quarter ended March 31, 2015 ($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio $ 1,300.4 Net assets $ 769.4 Net asset value per share $ 10.25 Credit Facility (cost $99.2) $ 93.5 2019 Notes (cost $250.0) $ 254.1 2025 Notes (cost $71.3) $ 71.4 SBA debentures $ 150.0 Yield on debt investments at quarter-end 12.4% Operating Results: Net investment income $ 22.1 Net investment income per share $ 0.29 Distributions declared per share $ 0.28 Portfolio Activity: Purchases of investments $ 72.6 Sales and repayments of investments $ 103.2 Number of new portfolio companies invested 2 Number of existing portfolio companies invested 8 Number of portfolio... More
