NASDAQ$PFLT
PennantPark Floating Rate Capital Ltd · Q3 2020 earnings
Q3 2020 earnings · · Investor relations
Briefing
PennantPark Floating Rate Capital Ltd. announced financial results for the third fiscal quarter ended June 30, 2020.
PennantPark Floating Rate Capital Ltd. reported a net change in net assets resulting from operations totaling $12.6 million, or $0.32 per share, for the three months ended June 30, 2020. The portfolio totaled $1,104.4 million as of June 30, 2020.
- Achieved a 3% increase in adjusted NAV.
- Reduced leverage.
- Increased liquidity.
- Portfolio totaled $1,104.4 million as of June 30, 2020.
Headline financials
Revenue & EPS history
PennantPark Floating Rate · Revenue · Quarterly
$22.8M
Revenue by segment
PennantPark Floating Rate · $22.8M total across 2 segments · Q3 2020
- First Lien Secured Debt$21M—92.1%
- Other Investments$1.8M—7.9%
Forward guidance
The company expects that the COVID-19 pandemic will continue to have a material adverse impact on future net investment income, the fair value of portfolio investments, and the results of operations and financial condition of its portfolio companies.
Headwinds
- COVID-19 pandemic will continue to have a material adverse impact on future net investment income.
- COVID-19 pandemic will continue to have a material adverse impact on the fair value of our portfolio investments.
- COVID-19 pandemic will continue to have a material adverse impact on the results of operations of our portfolio companies.
- COVID-19 pandemic will continue to have a material adverse impact on the financial condition of our portfolio companies.
- Risk of breaching the relevant covenants due to continued increase in unrealized depreciation of our investment portfolio
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 Q3 2020
-0.3%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-0.6%
Avg return
30 days after
48%
20 / 42 earnings
Positive
+8.8%
Q4 2020
Best reaction
-9.2%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2026 | +0.3% | -3.6% | -9.7% | |
| Q1 2026 | -3.5% | -8.5% | -14.7% | |
| Q4 2025 | -1.0% | -0.2% | -1.6% | |
| Q3 2025 | -1.1% | -2.3% | -2.5% | |
| Q2 2025 | -0.8% | +0.2% | +2.6% | |
| Q4 2024 | -0.1% | +2.5% | +1.5% | |
| Q3 2024 | +0.3% | +2.1% | +6.5% | |
| Q2 2024 | -1.2% | -1.5% | -1.9% | |
| Q1 2024 | +0.9% | +2.3% | +1.7% | |
| Q4 2023 | +0.3% | -0.4% | +6.5% | |
| Q3 2023 | -4.6% | -5.1% | -5.6% | |
| Q2 2023 | +3.9% | +3.1% | +2.9% | |
| Q1 2023 | -2.1% | +0.0% | -8.6% | |
| Q4 2022 | -2.3% | -1.7% | -3.1% | |
| Q3 2022 | -2.8% | +1.3% | -8.1% | |
| Q2 2022 | -1.1% | -8.1% | -10.5% | |
| Q1 2022 | +1.7% | -0.8% | -2.1% | |
| Q4 2021 | -3.4% | -3.3% | -8.2% | |
| Q3 2021 | +0.8% | +0.6% | -0.7% | |
| Q2 2021 | +1.4% | -0.2% | +1.8% | |
| Q1 2021 | +1.4% | -0.5% | +3.6% | |
| Q4 2020 | +8.8% | +11.7% | +11.3% | |
| Q3 2020 | -2.5% | +0.6% | +1.1% | |
| Q2 2020 | +7.9% | +5.7% | +29.5% | |
| Q1 2020 | +1.6% | +3.6% | -7.0% | |
| Q4 2019 | -0.4% | +2.9% | +4.8% | |
| Q3 2019 | +1.9% | +2.2% | +2.5% | |
| Q2 2019 | -9.2% | -8.5% | -11.6% | |
| Q1 2019 | -0.7% | +0.5% | -1.3% | |
| Q4 2018 | +1.0% | +2.2% | -6.7% | |
| Q3 2018 | +0.9% | +0.1% | -2.9% | |
| Q2 2018 | +1.5% | +1.7% | +5.2% | |
| Q1 2018 | -8.8% | -3.8% | -1.9% | |
| Q4 2017 | -1.3% | -1.1% | -2.1% | |
| Q3 2017 | +0.1% | -2.1% | -0.4% | |
| Q2 2017 | +0.6% | +1.2% | +1.6% | |
| Q1 2016 | -0.6% | -3.3% | -2.3% | |
| Q4 2016 | -0.5% | +1.6% | +4.7% | |
| Q3 2016 | +2.0% | +2.4% | +2.8% | |
| Q2 2016 | +0.7% | — | — | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2011 | -2.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro