Pearl Diver Credit Company Inc.
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $57.4M
- Price
- $8.28
- % Change (Daily % change from the live per-ticker quote feed.)
- -2.25%
- Volume
- 760
About
Pearl Diver Credit Co., Inc. functions as an investment firm, with its primary strategy revolving around the acquisition of collateralized loan obligation securities. The company initiated its operations on April 12, 2023, and its corporate headquarters are situated in New York, New York.
Quick stats
Shares outstanding6.9M
Computed float1.1M
Float / shares15.5%
Key info
SectorFinancial Services
IndustryAsset Management
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0001998043
AI Summary
AI-generated1/9
majorbullishearnings
Pearl Diver Credit Company Inc. Announces Second Quarter 2026 Financial Results
Pearl Diver Credit swung to a GAAP profit of $8.5 million, or $1.23 per share, reversing a prior quarter loss of $22.5 million, primarily due to a $6.7 million unrealized appreciation on investments.
Net asset value per share increased 6.4% to $11.15 as CLO equity spreads tightened, though core net investment income declined sequentially to $1.9 million.
The company declared monthly dividends of $0.13 per share for September through November and raised approximately $0.7 million via an at-the-market offering.
Red flags
- Core net investment income fell 27% QoQ despite GAAP profit swing
- GAAP profitability driven largely by unrealized appreciation (paper gains) rather than cash earnings
- Ongoing dilution via at-the-market share offering