PennantPark reports Q3 EPS 18c, consensus 18c

Reports Q3 NAV per share revenue $7.36. “We are encouraged by the recent resurgence in deal activity, which we anticipate will result in increased new loan originations and potential exits of our equity positions. ” said Art Penn, Chairman and CEO. “We remain focused on the plan to rotate out of our equity positions and redeploy that capital into debt investments which will drive growth in our core net investment income. We will continue to utilize the significant balance of spillover income to cover any shortfall between core net investment income and the dividend as we execute on the plan.”