• Reported GAAP EPS of -$0.04 down -111.43% YoY • Reported revenue of $12.72M down -70.43% YoY
Bullish
PennantPark Floating Rate Capital Ltd. achieved increased investment income and maintained a strong focus on first lien secured debt, supported by a substantial unused borrowing capacity.
Bearish
PennantPark Floating Rate Capital Ltd. reported a net decrease in net assets from operations of -$3.6M, driven by significant unrealized depreciation on investments and increased total expenses.