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Pearl Diver Credit Co Inc. (NYSE:PDCC), a Delaware-incorporated company, announced Wednesday that its unaudited net asset value (NAV) per share for common stock stood at $18.33 as of March 31, 2025. The stock currently trades at $18.40, slightly above its NAV, with a market capitalization of $125.27 million. This financial metric is key for investors as it provides an insight into the company's financial health and asset management performance. According to InvestingPro, the company offers an attractive dividend yield of 14.3%.
The NAV per share is a snapshot of the company's value at a specific point in time, calculated as the total value of the company's assets minus its liabilities, divided by the number of shares outstanding. For Pearl Diver Credit Co Inc., the NAV per share is reflective of its financial status at the end of the first quarter of 2025. The stock has traded between $17.70 and $21.90 over the past 52 weeks, with current prices near the lower end of this range.
The announcement was made in line with the United States Securities and Exchange Commission (SEC) regulations, which require publicly traded companies to regularly disclose significant financial information. This disclosure is part of an 8-K filing, a current report that companies must file with the SEC to announce major events that shareholders should know about.
Pearl Diver Credit Co Inc., which is also listed under the ticker PDPA for its 8.00% Series A Preferred Stock due in 2029, has its principal executive offices located at 747 Third Avenue, Suite 3603, New York, NY. The company's telephone number is listed as (877) 736-6777.
The company, formerly known as Pearl Diver Credit Company, LLC, underwent a name change on October 18, 2023, as indicated in the filing. The company's fiscal year ends on December 31.
This information is based on a press release statement and is intended for investors and other stakeholders to stay informed about Pearl Diver Credit Co Inc.'s financial position as of the end of March 2025. The company's overall financial health score on InvestingPro is rated as "FAIR," with additional metrics and analysis available for subscribers looking to make informed investment decisions.
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