PennantPark Floating Rate reports $0.26 core net investment income per share, below the $0.27 consensus, while PNNT meets $0.14 estimates.
PennantPark Floating Rate Capital (PFLT) posted fiscal third-quarter core net investment income of $0.26 per share, missing the $0.27 analyst estimate by one cent. The shortfall stemmed from declines in investment purchases and net asset value (NAV) per share, despite total investment income surpassing expectations.
PennantPark Investment (PNNT) matched consensus forecasts with $0.14 per share in core net investment income, though total investment income slightly lagged estimates. Both firms saw quarter-over-quarter drops in GAAP NAV per share, signaling pressure on asset valuations.
PFLT shares fell 2.0% in after-hours trading following the earnings release, while PNNT’s results aligned with expectations, limiting immediate market reaction.