PennantPark Floating Rate reports Q3 EPS 25c, consensus 29c

Reports Q3 NAV per share $10.96. “We are encouraged by the recent uptick in deal activity, which we believe will lead to increased loan originations in the second half of 2025.” said Art Penn, chairman and CEO. “We anticipate continued net investment income growth and full dividend coverage as we invest the capital raised through our ATM program and debt financings in the previous quarters. In addition, we are pleased to announce the formation of a new joint venture with our long-term and trusted partner, Hamilton Lane. The new joint venture will invest in our core middle market directly originated senior secured loans and is expected to drive growth in our net investment income.”