SHARPE
Reported results
- Assets Under Management (AUM) increased 2.1% sequentially to $1,150,190 thousand as of August 31, 2026, compared to $1,126,334 thousand as of May 31, 2026
- Net Investment Income per share was $0.45 for the quarter ended August 31, 2026, compared to $0.47 for the quarter ended May 31, 2026; Adjusted NII per share was $0.46 versus $0.47 sequentially (non-GAAP)
- Earnings per share was $(0.41) for the quarter ended August 31, 2026, compared to $(0.42) for the prior quarter
- NAV per share decreased to $22.15 as of August 31, 2026 from $23.23 as of May 31, 2026
- Net originations totaled $37.1 million for the quarter, comprising $76.1 million of investments and $39.0 million of repayments
- Non-accruals represented 0.0% of fair value and 1.3% of cost; company repurchased 444,124 shares at average price of $18.91 per share for approximately $8.4 million
Guidance
- Quarterly dividend of $0.75 per share declared for fiscal Q3 2027, consisting of three monthly dividends of $0.25 per share each
Notes
The release notes that adjusted NII for fiscal 2027 excludes interest expense and amortization of deferred financing costs related to the 8.0% 2031 Notes while the 6.0% 2027 Notes were outstanding, as this double interest expense is deemed non-recurring. NAV per share decline of $1.08 consisted of $0.90 per share attributable to unrealized depreciation on investments and $0.30 per share distribution of dividends in excess of earnings, partially offset by $0.09 per share accretion from net share repurchases.
Price and volatility reaction
Source
The figures above come from the earnings release the company filed with the SEC on 2026-10-06 (8-K, Item 2.02). Read the original filing on sec.gov.