PNNT - PennantPark Investment adjusted NAV per share rises 1.7% during fiscal Q4

PennantPark Investment (PNNT) fiscal Q4 GAAP net investment income of 11 cents beats consensus estimate of 10 cents declined from 16 cents in fiscal Q3 and 14 cents in the year-ago quarter.Adjusted net asset value per share of $7.59 at Sept. 30 compares with $7.46 at June 30, up 1.7% during the quarter.Total investment income for the quarter ended Sept. 30, 2020 of $21.3M vs. consensus of $23.5M and $25.4M in the prior quarter.During Q4, PNNT invested $27.1M in three new and seven existing portfolio companies with a weighted average yield on debt investments of 7.0%; sales and repayments for the same period totaled $48.6M.Total portfolio at Sept. 30, 2020 totaled $1.08B vs. $1.33B at June 30, 2020.Q4 net change in net assets resulting from operation was -$16.0M  vs. +$15.6M in fiscal Q3.Q4 net expenses of $14.0M vs. $14.4M in prior quarter.Conference call on Nov. 19 at 10:00 AM ET;

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PennantPark Investment adjusted NAV per share rises 1.7% during fiscal Q4