PNNT - PennantPark Investment beats Q4 on lack of competition non-controlled investments

PennantPark Investment (NASDAQ:PNNT) beats Q4 net investment income and total investment income Wall Street expectations. The company "is poised to grow net investment income through a three part strategy including growing assets on balance sheet, growing the PSLF joint venture and rotating equity investments into yielding instruments," said Chairman and CEO Arthur Penn. Non-controlled, non-affiliated investments of $820.5M in Q4 rises from $735.7M in the year-ago quarter. Non-controlled, affiliated investments of $50.2M in Q4 also climbs from $27.8M in the same period a year ago. Q4 interest receivable of $4.96M slightly declines from $5.01M in Q4 of last year. Q4 net asset value per share of $9.85 in Q4 vs. $7.84 in Q4 2020. Q4 net interest income of $0.17 beats the $0.14 consensus estimate, up from $0.11 in Q4 2020. Q4 total investment income of $23.1M beats the $20.61M estimate, down from $100.22M in the year-ago quarter. Interest income

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PennantPark Investment beats Q4 on lack of competition, non-controlled investments