Scott Kennedy’s BDC Earnings Series: PennantPark Floating Rate’s And Gladstone Investment’s Performance For Q2 2024
Summary
This earnings assessment article reviews PFLT’s and GAIN’s NAV and NII/adjusted NII performance during Q2 2024 and compares results to expectations. Earnings remain a key driver to stock performance.
PFLT’s NAV matched my/our expectations (very minor decrease) while its NII largely matched expectations (well within range; fractional decrease). PFL…