NEW YORK (AP) _ PennantPark Floating Rate Capital Ltd. (PFLT) on Monday reported a loss of $21.1 million in its fiscal second quarter.
The New York-based company said it had a loss of 54 cents per share. Earnings, adjusted for investment costs, came to 30 cents per share.
The investment company posted revenue of $26.3 million in the period.
PennantPark shares have dropped 44% since the beginning of the year. In the final minutes of trading on Monday, shares hit $6.78, a fall of 44% in the last 12 months.