NASDAQ$BCIC
BCP Investment Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported relatively flat NAV, reduced non-accruals, and maintained dividend.
Portman Ridge Finance Corporation announced its financial results for the first quarter ended March 31, 2022. The company reported a relatively unchanged NAV per share, reduced non-accruals, and maintained its dividend of $0.63 per share.
- Net asset value remained relatively flat at $278.3 million ($28.76 per share).
- Total investment income was $16.9 million, with $13.0 million from debt securities.
- Net investment income was $7.9 million ($0.82 per share).
- The company refinanced its Revolving Credit Facility with JPMorgan Chase Bank, reducing the applicable margin.
Headline financials
Revenue & EPS history
Portman Ridge · Revenue · Quarterly
$16.9M
Forward guidance
The company is well-positioned to further improve portfolio performance and increase investment income in 2022.
Tailwinds
- Deployed approximately $35 million of available cash in new investments subsequent to quarter end.
- Pipeline of an additional $20 million to $30 million expected to be deployed before the end of the second quarter.
- Added two new seasoned members to the board.
- Restructured agreement with JPMorgan Chase and lowered the interest rate.
- Shifted from LIBOR to SOFR and extended the maturity date by 2 1⁄2 years.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-1.1%
Avg return
Earnings day
-1.0%
Avg return
5 days after
-6.0%
Avg return
30 days after
43%
10 / 23 earnings
Positive
+7.4%
Q4 2020
Best reaction
-15.3%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.5% | +1.8% | -7.6% | |
| Q4 2025 | -13.1% | -21.5% | -33.1% | |
| Q3 2025 | +0.4% | +7.5% | +8.4% | |
| Q1 2025 | +1.0% | +2.1% | -3.8% | |
| Q4 2024 | -4.0% | -5.7% | -28.1% | |
| Q3 2024 | -3.5% | -3.1% | -10.5% | |
| Q2 2024 | -2.5% | -1.9% | -3.4% | |
| Q1 2024 | +1.6% | +1.7% | -0.1% | |
| Q4 2023 | -1.3% | +1.4% | +2.1% | |
| Q3 2023 | +0.0% | -0.1% | +0.3% | |
| Q2 2023 | -1.6% | +0.0% | -5.8% | |
| Q1 2023 | +2.3% | +4.9% | -1.2% | |
| Q4 2022 | -6.2% | -7.4% | -12.9% | |
| Q3 2022 | +2.7% | +4.0% | +3.2% | |
| Q2 2022 | +0.0% | +0.3% | -7.5% | |
| Q1 2022 | +0.0% | -0.4% | +0.0% | |
| Q4 2021 | +0.4% | +0.2% | -2.5% | |
| Q3 2021 | +4.6% | +5.7% | +1.4% | |
| Q2 2021 | +1.7% | +2.9% | +1.6% | |
| Q1 2021 | +3.4% | +3.0% | +5.6% | |
| Q4 2020 | +7.4% | +5.0% | +16.3% | |
| Q4 2019 | -15.3% | -21.4% | -60.9% | |
| Q4 2018 | -2.2% | -3.0% | +0.3% |
Discussion
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