NASDAQ$PNNT

PennantPark Investment Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Announced an increase of its quarterly distribution and its financial results for the quarter ended March 31, 2022.

PennantPark Investment Corporation reported financial results for the second fiscal quarter ended March 31, 2022, with a highlighted exit of Pivot Physical Therapy and a dividend increase to $0.145 per share.

  • Portfolio totaled $1,214.0 million as of March 31, 2022.
  • Invested $178.0 million in eight new and 29 existing portfolio companies during the quarter.
  • Sales and repayments of investments totaled $405.5 million for the quarter.
  • Declared an increase of its third fiscal quarter 2022 distribution to $0.145 per share.

Headline financials

Total Revenue

$24.3M

Previous: $19.2M+26.5%
EPS (adj)

$0.18

Previous: $0.13+38.5%
Weighted Average Yield on Debt Investments

8.4%

No prior period
Net Income

$3.2M

Previous: $8.8M-63.6%
Operating Income

$11.6M

Previous: $8.7M+33.3%

Revenue & EPS history

PennantPark · Revenue · Quarterly

$24.3M

Q2 2022+26.5%vs Q2 2021
Beat estimate in 4 of 15 quarters(27%)
ActualEstimate

Revenue by segment

PennantPark · $28.7M total across 3 segments · Q4 2023

  • First Lien Secured Debt
    $24.5M
  • Second Lien Secured Debt
    $2.9M
  • Subordinated Debt
    $1.3M

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.3%

Avg return

Earnings day

+0.9%

Avg return

5 days after

+2.3%

Avg return

30 days after

52%

32 / 62 earnings

Positive

+19.3%

Q4 2020

Best reaction

-12.8%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q2 2026-4.6%-10.4%
Q4 2025-5.6%-5.0%-8.1%
Q3 2025+0.8%-2.1%-2.3%
Q2 2025+3.3%+2.6%+3.5%
Q1 2025-0.7%+0.4%-3.8%
Q4 2024-1.0%-2.4%+1.3%
Q3 2024-0.4%+0.4%+0.1%
Q2 2024+3.2%+2.1%+7.8%
Q1 2024-2.2%-1.2%-1.9%
Q4 2023-2.5%-2.2%-2.8%
Q3 2023+3.6%+2.1%-1.0%
Q2 2023+7.4%+9.4%+20.1%
Q4 2022+0.3%+1.0%-4.8%
Q3 2022-1.7%-0.8%-3.6%
Q2 2022-0.8%-5.2%-5.8%
Q1 2022+6.3%+7.1%+5.6%
Q4 2021+1.0%+3.3%-3.2%
Q3 2021+4.6%+5.4%+1.4%
Q2 2021+4.4%+2.3%+5.1%
Q1 2021+0.4%-1.9%+3.7%
Q4 2020+19.3%+28.0%+28.9%
Q3 2020+3.2%+3.2%+2.3%
Q2 2020-4.6%-9.9%+27.4%
Q1 2020+2.9%+0.8%-11.1%
Q4 2019+1.7%+2.5%+11.3%
Q3 2019+0.6%-1.7%-3.7%
Q2 2019-3.6%-5.5%-6.5%
Q1 2019-3.5%-1.5%-3.3%
Q4 2018+4.1%+2.7%+2.4%
Q3 2018-0.5%+1.5%+1.5%
Q2 2018+2.5%+4.4%+10.2%
Q1 2018+4.8%+8.0%+9.9%
Q4 2017-4.0%-4.7%-8.1%
Q3 2017+0.7%+3.6%+1.1%
Q2 2017+4.4%-1.2%-3.1%
Q4 2016-6.0%-5.8%+2.3%
Q3 2016+2.0%+2.8%+10.1%
Q2 2016+0.2%
Q1 2016+5.7%
Q4 2015-7.8%
Q3 2015+2.8%
Q2 2015+0.4%
Q1 2015+4.5%
Q4 2014+0.4%
Q3 2014-0.5%
Q2 2014+1.0%
Q1 2014+0.7%
Q4 2013+1.3%
Q3 2013-1.2%
Q2 2013-2.0%
Q1 2013-2.4%
Q4 2012-2.4%
Q3 2012-0.2%
Q2 2012-1.4%
Q1 2012+0.0%
Q4 2011-4.4%
Q3 2011-4.6%
Q2 2011-0.2%
Q1 2010+4.2%
Q4 2010+0.0%
Q3 2010-1.5%
Q2 2010-12.8%

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