NASDAQ$PNNT
PennantPark Investment Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Announced an increase of its quarterly distribution and its financial results.
PennantPark Investment Corporation announced financial results for the third fiscal quarter ended June 30, 2022, with net investment income totaling $10.6 million, or $0.16 per share.
- Portfolio totaled $1,314.8 million with investments in first lien secured debt, second lien secured debt, subordinated debt, and preferred and common equity.
- Debt portfolio consisted of 96% variable-rate investments and 4% fixed-rate investments.
- Invested $326.3 million in 11 new and 36 existing portfolio companies with a weighted average yield on debt investments of 8.7%.
- Declared an increase of its fourth fiscal quarter 2022 distribution to $0.15 per share, payable on October 3, 2022.
Headline financials
Revenue & EPS history
PennantPark · Revenue · Quarterly
$23.3M
Revenue by segment
PennantPark · $20.8M total across 3 segments · Q3 2022
- First Lien Secured Debt$17.6M—84.6%
- Second Lien Secured Debt$2.9M—13.9%
- Subordinated Debt$300K—1.4%
Forward guidance
PennantPark anticipates future Net Investment Income growth through rising base rates, higher spreads, a growing PSLF joint venture, and rotation of equity proceeds.
Tailwinds
- Rising base rates
- Higher spreads on new loan originations
- Growing PSLF joint venture
- Potential to rotate equity proceeds into cash paying loans
- Increase the facility size from $465.0 million to $500.0 million
Headwinds
- Changes in the economy
- Risks associated with possible disruption in the Company’s operations
- Economy generally due to terrorism
- Natural disasters
- Pandemics such as COVID-19
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 Q3 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
| Quarter | Report date | Reaction (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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