Sector: Financials | Industry: Closed End Funds |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 590 Madison Avenue, 15Th Floor NEW YORK NY 10022 |
Tel: | N/A |
Website: | https://www.pennantpark.com |
IR: | See website |
Key People | ||
Arthur H. Penn Chairman of the Board, Chief Executive Officer | Richard T. Allorto Chief Financial Officer, Treasurer | Frank Galea Chief Compliance Officer |
Business Overview |
PennantPark Investment Corporation is a closed-end, externally managed, non-diversified investment company. The Company's objectives are to generate both current income and capital appreciation while seeking to preserve capital through debt and equity investments primarily made to United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. The Company invests primarily in United States middle-market companies in the form of first lien secured debt, second lien secured debt, subordinated debt and, to a lesser extent, equity investments. The Company's portfolio generally consists of illiquid securities, including debt and equity investments. It invests in sectors, including media, hotels, motels, inns and gaming, aerospace and defense, building materials, environmental services, healthcare, education and childcare, consumer products, printing and publishing, and the auto sector, among others. |
Financial Overview |
For the three months ended 31 December 2023, PennantPark Investment Corp. revenues increased 15% to $34.3M. Net income totaled $10.7M vs. loss of $71.9M. Revenues reflect Interest Income - Investm increase of 92% to $5.5M, Dividend income increase of 44% to $4.7M, Other Investment Incom - Investment increase from $487K to $1.4M. Net Income reflects Non-controlled and controlled, affiliate increase from $41M (expense) to $7.3M (income). |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $1,155M as of Dec 31, 2023 |
Annual revenue (TTM): | $149.74M as of Dec 31, 2023 |
EBITDA (TTM): | $73.54M as of Dec 31, 2023 |
Net annual income (TTM): | $48.74M as of Dec 31, 2023 |
Free cash flow (TTM): | $18.72M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $710.31M as of Dec 31, 2023 |
Shares outstanding: | 65,224,500 as of Feb 7, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |