Pearl Diver Credit swings to Q2 profit after prior-qtr loss

Pearl Diver Credit

27/08/2026 13:09

Overview
US CLO investment firm's Q2 net income turned positive after prior quarter loss
Net asset value per share rose to $11.15 from $10.48 in prior quarter
Recurring cash flows from CLO investments fell to $8.8 mln from $10.4 mln prior quarter

Outlook
Company will continue to execute disciplined investment strategy

Result Drivers
CLO MARKET RECOVERY - Co said recovery in CLO equity markets strengthened net asset value as spreads tightened
REFINANCING PROGRAM - Co said it executed a larger refinancing program and reduced cost of debt

Company press release: ID:nPn2j5Wmca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$1.23
 
Q2 Net Income
 
$8.5 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the closed end funds peer group is "buy"
Wall Street's median 12-month price target for Pearl Diver Credit Company Inc is $13.00, about 47.2% above its August 26 closing price of $8.83

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)