Core Insights - PennantPark reported revenue of $34.21 million for the quarter ended December 2024, reflecting a year-over-year decline of 0.4% and an EPS of $0.20, down from $0.24 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $35.17 million by 2.74%, while the EPS met the consensus estimate [1] Financial Performance Metrics - Investment income from non-controlled, non-affiliated investments was $0.58 million, below the average estimate of $0.86 million from three analysts [4] - Dividend income from controlled, affiliated investments was $4.85 million, compared to the two-analyst average estimate of $5.27 million [4] - Dividend income from non-controlled, non-affiliated investments was $0.51 million, lower than the average estimate of $0.62 million from two analysts [4] Stock Performance - Over the past month, shares of PennantPark have returned +1.1%, while the Zacks S&P 500 composite increased by +2.1% [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Earnings Performance - PennantPark reported quarterly earnings of $0.20 per share, matching the Zacks Consensus Estimate, but down from $0.24 per share a year ago [1] - The company posted revenues of $34.21 million for the quarter, missing the Zacks Consensus Estimate by 2.74%, compared to $34.34 million in the same quarter last year [2] Market Comparison - Since the beginning of the year, PennantPark shares have increased by approximately 1.6%, while the S&P 500 has gained 2.5% [3] Future Outlook - The earnings outlook for PennantPark is uncertain, with current consensus EPS estimates at $0.21 for the upcoming quarter and $0.83 for the current fiscal year [7] - The estimate revisions trend for PennantPark is currently unfavorable, resulting in a Zacks Rank 4 (Sell), indicating expected underperformance in the near future [6] Industry Context - The Financial - SBIC & Commercial Industry, to which PennantPark belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable industry outlook [8]

Portfolio Overview - As of December 31, 2024, the portfolio totaled $1,298.1 million, with 44% in first lien secured debt and a weighted average yield on interest-bearing debt investments of 12.0%[231] - As of September 30, 2024, the portfolio totaled $1,328.1 million, with 50% in first lien secured debt and a weighted average yield on interest-bearing debt investments of 12.3%[232] - As of December 31, 2024, PennantPark Senior Loan Fund's portfolio totaled $1,275.1 million, consisting of 112 companies with a weighted average yield of 10.7%[236] - The overall portfolio had net unrealized appreciation of $13.6 million as of December 31, 2024[231] - The company’s portfolio primarily consists of illiquid securities, with most investments classified as Level 3 in the fair value hierarchy[246] Investment Activity - For the three months ended December 31, 2024, the company invested $295.7 million in 12 new and 61 existing portfolio companies, with sales and repayments totaling $353.7 million[233] - For the three months ended December 31, 2023, the company invested $231.1 million in 12 new and 32 existing portfolio companies, with sales and repayments totaling $71.0 million[234] - For the three months ended December 31, 2024, PennantPark Senior Loan Fund invested $353.8 million in 15 new and 43 existing portfolio companies at a weighted average yield of 10.5%[237] Financial Performance - For the three months ended December 31, 2024, investment income was $34.2 million, a slight decrease from $34.3 million in the same period of 2023, primarily due to changes in the portfolio and investment yields[266] - Net investment income for the three months ended December 31, 2024, was $13.0 million, or $0.20 per share, compared to $15.7 million, or $0.24 per share in 2023, reflecting an increase in interest expense[268] - Total expenses for the three months ended December 31, 2024, were $21.2 million, up from $18.7 million in 2023, mainly due to an increase in debt-related interest and expenses[267] - Total investment income for the three months ended December 31, 2024, was $33.476 million, an increase of 22.4% from $27.247 million in the same period of 2023[307] - Net investment income for the three months ended December 31, 2024, was $9.316 million, compared to $7.998 million for the same period in 2023, reflecting a growth of 16.4%[307] Tax and Valuation - The company recognized a provision for taxes on net investment income of $0.7 million for the three months ended December 31, 2024, compared to $0.4 million for the same period in 2023[258] - The company has adopted ASC 825-10 for the Truist Credit Facility, allowing it to report selected financial assets and liabilities at fair value, which mitigates volatility in earnings[249] - The board of directors utilizes a multi-step valuation process for illiquid securities, involving independent valuation firms and an audit committee review[243] - The company has not elected to designate the Investment Adviser as the valuation designee under Rule 2a-5, but has revised its valuation policies to comply with the rule[247] Debt and Liquidity - The Truist Credit Facility had outstanding borrowings of $464.5 million as of December 31, 2024, with a weighted average interest rate of 6.8%[277] - Cash and cash equivalents as of December 31, 2024, were $55.9 million, an increase from $49.9 million in the previous quarter, indicating improved liquidity[287] - Operating activities provided cash of $18.7 million for the three months ended December 31, 2024, contrasting with cash used of $155.1 million in the same period of 2023[288] - Cash and cash equivalents increased to $112.691 million as of December 31, 2024, from $36.595 million as of September 30, 2024, showing a significant increase of 208.5%[305] Distributions and Equity - The company declared distributions of $0.24 per share for a total of $15.7 million during the three months ended December 31, 2024, compared to $0.21 per share totaling $13.7 million in the same period of 2023, marking a 14.6% increase[310] - Members' equity increased to $133.234 million as of December 31, 2024, compared to $112.271 million as of September 30, 2024, indicating a growth of 18.7%[305] - The company maintains an "opt out" dividend reinvestment plan for common stockholders, allowing automatic reinvestment of cash distributions unless stockholders opt out[312] Market Conditions and Risks - The company does not accrue PIK interest if the portfolio company valuation indicates that such interest is not collectible[251] - The company’s net investment income is dependent on the difference between borrowing rates and investment rates, with no assurance that significant changes in market interest rates will not adversely affect net investment income[322] - A hypothetical 1% increase in interest rates would result in a $3,033 thousand increase in net interest income, while a 1% decrease would lead to a $3,033 thousand decrease[321] - The company has not engaged in interest rate hedging activities or foreign currency derivatives hedging activities during the periods covered by the report[323] Sector Focus - The company holds a significant position in the healthcare sector, with multiple investments such as Emergency Care Partners, LLC and Bioderm, Inc., both yielding above 10%[300] - The total cost of investments in the healthcare, education, and childcare sector exceeds $100 million, showcasing a strategic focus on this growing market[300] - The company has a significant investment in the aerospace and defense sector, with multiple entries showing coupon rates above 10%[302] - Overall, PSLF's investment strategy appears to focus on high-yield opportunities across various industries, with a notable emphasis on healthcare and media sectors[302]

EXHIBIT 99.1 PennantPark Investment Corporation Announces Financial Results for the Quarter Ended December 31, 2024 MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (NYSE: PNNT) announced today its financial results for the first quarter ended December 31, 2024. CONFERENCE CALL AT 12:00 P.M. EST ON FEBRUARY 11, 2025 PennantPark Investment Corporation ("we," "our," "us" or the "Company") will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, February 11, 2025 to ...

Core Viewpoint - PennantPark Investment Corporation reported its financial results for the first quarter ended December 31, 2024, highlighting a stable net asset value and strong investment performance despite a slight decrease in net investment income compared to the previous year [1][2][6]. Financial Highlights - The investment portfolio totaled $1,298.1 million, with net assets of $494.3 million and a GAAP net asset value per share of $7.57, reflecting a quarterly increase of 0.1% [2][31]. - Net investment income for the quarter was $13.0 million, or $0.20 per share, down from $15.7 million, or $0.24 per share, in the same quarter of the previous year [16][32]. - Total investment income was $34.2 million, slightly lower than $34.3 million in the prior year, primarily due to changes in the portfolio and investment yields [14][32]. Portfolio Activity - The company made purchases of investments totaling $295.7 million and sales and repayments of investments amounting to $353.7 million during the quarter [8][11]. - The portfolio consisted of 158 companies with an average investment size of $7.4 million, and the weighted average yield on interest-bearing debt investments was 12.0% [6][10]. Investment Income and Expenses - Investment income was derived from various sources, including $25.2 million from first lien secured debt and $5.9 million from other investments [14][32]. - Total expenses for the quarter were $21.2 million, an increase from $18.7 million in the previous year, mainly due to higher debt-related interest and expenses [15][32]. Net Realized and Unrealized Gains - The company reported net realized losses of $(2.6) million for the quarter, compared to a gain of $1.8 million in the same period last year [17][32]. - There was a net change in unrealized appreciation of $2.4 million, leading to total net unrealized appreciation of $13.6 million as of December 31, 2024 [18][32]. Liquidity and Capital Resources - As of December 31, 2024, the company had $464.5 million in outstanding borrowings under the Truist Credit Facility, with a weighted average interest rate of 6.8% [23][24]. - Cash and cash equivalents available for investing and corporate purposes were $55.9 million [24][32]. Distributions - The company declared distributions of $0.24 per share for a total of $15.7 million during the quarter, an increase from $0.21 per share totaling $13.7 million in the previous year [27][32]. Recent Developments - The Truist Credit Facility was upsized to $500.0 million from $475 million in February 2025, enhancing the company's liquidity position [28].

MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) announced that it will report results for the first fiscal quarter ended December 31, 2024 on Monday, February 10, 2025 after the close of the financial markets. The Company will also host a conference call at 12:00 p.m. (Eastern Time) on Tuesday, February 11, 2025 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free ...

MIAMI, Jan. 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the “Company”) (NYSE: PNNT) announced that PennantPark Senior Loan Fund, LLC (“PSLF”) through its wholly-owned and consolidated subsidiary, PennantPark CLO X, LLC (“CLO X”) has closed a four-year reinvestment period, twelve-year final maturity, $400.5 million debt securitization in the form of a collateralized loan obligation (“CLO”). The debt issued in the CLO (the “ Debt”) is structured in the following manner: ClassPar Amount($ ...

PennantPark Investment Corporation (NYSE: PNNT ) is a BDC, which I have decided to avoid starting from the moment, when I took a closer look and issued my first article early January, this year.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-Baltic capital markets. Other pol ...

When I last covered PennantPark Investment Corporation (NYSE: PNNT ), the BDC had reported record net investment income (NII) on the back of the special dividend from Dominion Voting systems. At the time, the BDC had an excellent NII dividend coverage ratioI am a young individual investor with a strong focus on long-term wealth creation. My investment strategy revolves around selecting stocks with strong growth potential as well as stocks with stable dividend yields. I firmly believe that patience is key, a ...

PennantPark Investment Corporation (NYSE:PNNT) Q4 2024 Results Conference Call November 26, 2024 12:00 PM ET Company Participants Art Penn - Chairman and Chief Executive Officer Rick Allorto - Chief Financial Officer Conference Call Participants Mark Hughes - Truist Robert Dodd - Raymond James Paul Johnson - KBW Melissa Wedel - JPMorgan Casey Alexander - Compass Point Operator Good afternoon, and welcome to the PennantPark Investment Corporation's Fourth Fiscal Quarter 2024 Earnings Conference Call. Today's ...