NASDAQ$PFLT

PennantPark Floating Rate Capital Ltd · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Announced financial results for the fourth quarter and fiscal year ended September 30, 2021.

PennantPark Floating Rate Capital Ltd. reported its financial results for the fourth quarter and fiscal year ended September 30, 2021. The portfolio totaled $1,081.6 million. Investment income for the quarter was $21.6 million, and net investment income was $9.3 million, or $0.24 per share.

  • Portfolio totaled $1,081.6 million as of September 30, 2021.
  • Invested $185.7 million in 16 new and 18 existing portfolio companies during the quarter.
  • Investment income for the quarter was $21.6 million.
  • Net investment income for the quarter was $9.3 million, or $0.24 per share.

Headline financials

Total Revenue

$21.6M

Previous: $21.8M-0.6%
EPS (adj)

$0.28

Previous: $0.27+3.7%
Weighted Average Yield on Debt Investments

7.4%

Previous: 7.3%+1.4%
Net Income

$9.3M

Previous: $10.3M-9.7%
Operating Income

$9.3M

No prior period
Cash & Equivalents

$49.8M

Previous: $57.5M-13.4%
Total Assets

$1.08B

Previous: $1.09B-0.5%

Revenue & EPS history

PennantPark Floating Rate · Revenue · Quarterly

$21.6M

Q4 2021-0.6%vs Q4 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

PennantPark Floating Rate · $20.9M total across 2 segments · Q3 2021

  • First Lien Secured Debt
    $18.2M-13.3%
  • Other Investments
    $2.7M+50.0%

Forward guidance

PFLT is poised to grow Net Investment Income through growing its balance sheet to its target leverage ratio, growing the PSSL joint venture and rotating equity investments in its successful equity co-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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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%

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