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Financial Services - Asset Management - NYSE - US
$ 11.03
0.295 %
$ 810 M
Market Cap
6.64
P/E
1. INTRINSIC VALUE

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt.[ Read More ]

The intrinsic value of one PFLT stock under the base case scenario is HIDDEN Compared to the current market price of 11 USD, PennantPark Floating Rate Capital Ltd. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart PFLT

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FINANCIALS
139 M REVENUE
1099.73%
107 M OPERATING INCOME
179.34%
39.3 M NET INCOME
1037.01%
141 M OPERATING CASH FLOW
381.34%
0 INVESTING CASH FLOW
100.00%
-91.5 M FINANCING CASH FLOW
-191.91%
48.5 M REVENUE
0.29%
37.8 M OPERATING INCOME
-17.49%
16.9 M NET INCOME
-45.61%
28.2 M OPERATING CASH FLOW
35.99%
0 INVESTING CASH FLOW
100.00%
114 M FINANCING CASH FLOW
-48.47%
Balance Sheet Decomposition PennantPark Floating Rate Capital Ltd.
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Current Assets 112 M
Cash & Short-Term Investments 100 M
Receivables 11 M
Other Current Assets 894 K
Non-Current Assets 1.07 B
Long-Term Investments 1.07 B
PP&E 0
Other Non-Current Assets 0
Current Liabilities 27.5 M
Accounts Payable 19.5 M
Short-Term Debt 0
Other Current Liabilities 7.95 M
Non-Current Liabilities 495 M
Long-Term Debt 495 M
Other Non-Current Liabilities 0
EFFICIENCY
Earnings Waterfall PennantPark Floating Rate Capital Ltd.
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Revenue 139 M
Cost Of Revenue 29.3 M
Gross Profit 110 M
Operating Expenses 32.7 M
Operating Income 107 M
Other Expenses 67.4 M
Net Income 39.3 M
RATIOS
78.99% GROSS MARGIN
78.99%
76.53% OPERATING MARGIN
76.53%
28.18% NET MARGIN
28.18%
6.01% ROE
6.01%
3.33% ROA
3.33%
9.05% ROIC
9.05%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis PennantPark Floating Rate Capital Ltd.
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Net Income 39.3 M
Depreciation & Amortization -107 M
Capital Expenditures 0
Stock-Based Compensation 0
Change in Working Capital 1.11 M
Others 98.2 M
Free Cash Flow 141 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets PennantPark Floating Rate Capital Ltd.
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Wall Street analysts predict an average 1-year price target for PFLT of $12 , with forecasts ranging from a low of $12 to a high of $12 .
PFLT Lowest Price Target Wall Street Target
12 USD 8.79%
PFLT Average Price Target Wall Street Target
12 USD 8.79%
PFLT Highest Price Target Wall Street Target
12 USD 8.79%
4. DIVIDEND ANALYSIS
2.55% DIVIDEND YIELD
0.102 USD DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership PennantPark Floating Rate Capital Ltd.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
143 K USD 2
3-6 MONTHS
20 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
Date Value Insider Amount Avg Price
5 months ago
Jun 05, 2024
Bought 19.9 K USD
Briones Jose A
Director
+ 1745
11.3995 USD
5 months ago
May 30, 2024
Bought 113 K USD
Allorto Richard T JR
CFO and Treasurer
+ 10000
11.3 USD
5 months ago
May 28, 2024
Bought 10 K USD
Briones Jose A
Director
+ 885
11.3298 USD
6 months ago
May 13, 2024
Bought 20 K USD
Briones Jose A
Director
+ 1740
11.4779 USD
3 years ago
Dec 17, 2020
Sell 94.1 K USD
KATZ SAMUEL L
Director
- 8929
10.5361 USD
3 years ago
Dec 18, 2020
Sell 89.7 K USD
KATZ SAMUEL L
Director
- 8618
10.4139 USD
3 years ago
Dec 15, 2020
Sell 192 K USD
KATZ SAMUEL L
Director
- 17700
10.8656 USD
3 years ago
Dec 16, 2020
Sell 79.4 K USD
KATZ SAMUEL L
Director
- 7453
10.6533 USD
3 years ago
Dec 11, 2020
Sell 71.1 K USD
KATZ SAMUEL L
Director
- 6563
10.84 USD
3 years ago
Dec 14, 2020
Sell 117 K USD
KATZ SAMUEL L
Director
- 10737
10.8515 USD
4 years ago
Jun 10, 2020
Bought 132 K USD
KATZ SAMUEL L
Director
+ 15000
8.83 USD
4 years ago
Mar 31, 2020
Bought 19.8 K USD
Bernstein Adam K
Director
+ 4000
4.94 USD
4 years ago
Mar 23, 2020
Bought 70.4 K USD
Efrat Aviv
Chief Financial Officer
+ 18050
3.9006 USD
4 years ago
Mar 20, 2020
Bought 126 K USD
Efrat Aviv
Chief Financial Officer
+ 28800
4.3617 USD
4 years ago
Mar 20, 2020
Bought 95.1 K USD
PENN ARTHUR H
Chairman and CEO
+ 22000
4.3219 USD
4 years ago
Mar 19, 2020
Bought 1.42 K USD
Flug Jeffrey
Director
+ 400
3.5575 USD
4 years ago
Mar 19, 2020
Bought 68 K USD
PENN ARTHUR H
Chairman and CEO
+ 16300
4.1732 USD
4 years ago
Mar 18, 2020
Bought 85.2 K USD
PENN ARTHUR H
Chairman and CEO
+ 20000
4.2625 USD
4 years ago
Feb 28, 2020
Bought 184 K USD
Efrat Aviv
Chief Financial Officer
+ 17000
10.8124 USD
4 years ago
Feb 26, 2020
Bought 82.6 K USD
PENN ARTHUR H
Chairman and CEO
+ 7000
11.7994 USD
4 years ago
Nov 26, 2019
Bought 104 K USD
PENN ARTHUR H
Chairman and CEO
+ 8500
12.2815 USD
4 years ago
Nov 25, 2019
Bought 96.2 K USD
PENN ARTHUR H
Chairman and CEO
+ 8000
12.0292 USD
4 years ago
Nov 22, 2019
Bought 106 K USD
PENN ARTHUR H
Chairman and CEO
+ 9000
11.7805 USD
5 years ago
Sep 04, 2019
Bought 285 K USD
KATZ SAMUEL L
Director
+ 25000
11.4163 USD
5 years ago
Aug 15, 2019
Bought 92.4 K USD
PENN ARTHUR H
Chairman and CEO
+ 8000
11.5479 USD
5 years ago
Aug 13, 2019
Bought 117 K USD
PENN ARTHUR H
Chairman and CEO
+ 10000
11.7343 USD
5 years ago
Aug 12, 2019
Bought 92.5 K USD
PENN ARTHUR H
Chairman and CEO
+ 8000
11.5654 USD
5 years ago
Aug 09, 2019
Bought 105 K USD
PENN ARTHUR H
Chairman and CEO
+ 9000
11.6612 USD
5 years ago
May 17, 2019
Bought 98.8 K USD
Efrat Aviv
CFO
+ 8200
12.0509 USD
5 years ago
May 14, 2019
Bought 98.8 K USD
Efrat Aviv
CFO
+ 8200
12.0509 USD
5 years ago
May 15, 2019
Bought 115 K USD
PENN ARTHUR H
Chairman and CEO
+ 9500
12.0883 USD
5 years ago
May 14, 2019
Bought 96.7 K USD
PENN ARTHUR H
Chairman and CEO
+ 8000
12.0841 USD
5 years ago
May 13, 2019
Bought 241 K USD
KATZ SAMUEL L
Director
+ 19900
12.1116 USD
5 years ago
May 10, 2019
Bought 1.22 K USD
KATZ SAMUEL L
Director
+ 100
12.195 USD
5 years ago
May 13, 2019
Bought 84.7 K USD
PENN ARTHUR H
Chairman and CEO
+ 7000
12.0952 USD
5 years ago
May 10, 2019
Bought 109 K USD
PENN ARTHUR H
Chairman and CEO
+ 9000
12.1473 USD
6 years ago
Feb 27, 2018
Bought 127 K USD
KATZ SAMUEL L
Director
+ 10000
12.73 USD
6 years ago
Feb 26, 2018
Bought 215 K USD
KATZ SAMUEL L
Director
+ 17000
12.6387 USD
6 years ago
Feb 15, 2018
Bought 109 K USD
PENN ARTHUR H
Chairman and CEO
+ 8500
12.81 USD
6 years ago
Feb 14, 2018
Bought 117 K USD
PENN ARTHUR H
Chairman and CEO
+ 9000
12.9821 USD
6 years ago
Feb 13, 2018
Bought 102 K USD
PENN ARTHUR H
Chairman and CEO
+ 8000
12.8064 USD
6 years ago
Feb 12, 2018
Bought 126 K USD
PENN ARTHUR H
Chairman and CEO
+ 10000
12.5664 USD
8 years ago
Feb 11, 2016
Bought 43.5 K USD
KATZ SAMUEL L
Director
+ 4140
10.503 USD
8 years ago
Feb 09, 2016
Bought 61.6 K USD
KATZ SAMUEL L
Director
+ 5860
10.5174 USD
8 years ago
Nov 23, 2015
Bought 5.8 K USD
Flug Jeffrey
Director
+ 500
11.6 USD
9 years ago
Sep 01, 2015
Bought 17.4 K USD
Flug Jeffrey
Director
+ 1500
11.5799 USD
9 years ago
Sep 04, 2015
Bought 245 K USD
KATZ SAMUEL L
Director
+ 20000
12.2319 USD
9 years ago
Aug 31, 2015
Bought 72.6 K USD
Flug Jeffrey
Director
+ 6000
12.1048 USD
9 years ago
Sep 01, 2015
Bought 18.2 K USD
Flug Jeffrey
Director
+ 1500
12.1427 USD
9 years ago
Aug 26, 2015
Bought 72.7 K USD
Flug Jeffrey
Director
+ 6000
12.1117 USD
9 years ago
Aug 26, 2015
Bought 89.8 K USD
KATZ SAMUEL L
Director
+ 7482
12 USD
9 years ago
Aug 24, 2015
Bought 30.2 K USD
KATZ SAMUEL L
Director
+ 2518
12 USD
9 years ago
Aug 24, 2015
Bought 121 K USD
KATZ SAMUEL L
Director
+ 10000
12.1 USD
9 years ago
Aug 20, 2015
Bought 193 K USD
Efrat Aviv
CFO
+ 15000
12.8546 USD
10 years ago
Aug 26, 2014
Bought 113 K USD
KATZ SAMUEL L
Director
+ 7969
14.1637 USD
10 years ago
Aug 22, 2014
Bought 2.34 K USD
KATZ SAMUEL L
Director
+ 167
14.03 USD
10 years ago
Aug 21, 2014
Bought 26.2 K USD
KATZ SAMUEL L
Director
+ 1864
14.03 USD
10 years ago
May 15, 2014
Bought 4.1 K USD
KATZ SAMUEL L
Director
+ 300
13.65 USD
11 years ago
May 22, 2013
Bought 116 K USD
Efrat Aviv
CFO
+ 8000
14.4458 USD
11 years ago
Mar 21, 2013
Bought 420 K USD
KATZ SAMUEL L
Director
+ 30000
14 USD
11 years ago
Feb 20, 2013
Bought 129 K USD
PENN ARTHUR H
Chairman and CEO
+ 9095
14.2064 USD
11 years ago
Feb 19, 2013
Bought 365 K USD
PENN ARTHUR H
Chairman and CEO
+ 25847
14.1096 USD
11 years ago
Feb 15, 2013
Bought 218 K USD
PENN ARTHUR H
Chairman and CEO
+ 15600
13.96 USD
11 years ago
Feb 14, 2013
Bought 48 K USD
PENN ARTHUR H
Chairman and CEO
+ 3445
13.9236 USD
11 years ago
Feb 13, 2013
Bought 59.6 K USD
PENN ARTHUR H
Chairman and CEO
+ 4265
13.9791 USD
11 years ago
Feb 12, 2013
Bought 33.5 K USD
PENN ARTHUR H
Chairman and CEO
+ 2400
13.95 USD
11 years ago
Feb 11, 2013
Bought 145 K USD
PENN ARTHUR H
Chairman and CEO
+ 10400
13.9624 USD
11 years ago
Feb 08, 2013
Bought 57.5 K USD
PENN ARTHUR H
Chairman and CEO
+ 4149
13.8673 USD
11 years ago
Feb 07, 2013
Bought 57.2 K USD
PENN ARTHUR H
Chairman and CEO
+ 4100
13.9561 USD
11 years ago
Feb 06, 2013
Bought 159 K USD
PENN ARTHUR H
Chairman and CEO
+ 11530
13.816 USD
11 years ago
Feb 05, 2013
Bought 306 K USD
PENN ARTHUR H
Chairman and CEO
+ 22101
13.8433 USD
11 years ago
Feb 04, 2013
Bought 31.8 K USD
PENN ARTHUR H
Chairman and CEO
+ 2360
13.4793 USD
11 years ago
Feb 01, 2013
Bought 69.7 K USD
PENN ARTHUR H
Chairman and CEO
+ 5200
13.412 USD
11 years ago
Jan 31, 2013
Bought 21.3 K USD
PENN ARTHUR H
Chairman and CEO
+ 1600
13.3394 USD
11 years ago
Jan 30, 2013
Bought 7.7 K USD
PENN ARTHUR H
Chairman and CEO
+ 575
13.3952 USD
11 years ago
Jan 29, 2013
Bought 29.4 K USD
PENN ARTHUR H
Chairman and CEO
+ 2200
13.3718 USD
11 years ago
Jan 28, 2013
Bought 63.1 K USD
PENN ARTHUR H
Chairman and CEO
+ 4700
13.4221 USD
11 years ago
Jan 25, 2013
Bought 25.3 K USD
PENN ARTHUR H
Chairman and CEO
+ 1900
13.3405 USD
11 years ago
Jan 24, 2013
Bought 38.6 K USD
PENN ARTHUR H
Chairman and CEO
+ 2900
13.3222 USD
11 years ago
Jan 23, 2013
Bought 18.7 K USD
PENN ARTHUR H
Chairman and CEO
+ 1400
13.3455 USD
11 years ago
Jan 22, 2013
Bought 18.8 K USD
PENN ARTHUR H
Chairman and CEO
+ 1400
13.4079 USD
11 years ago
Jan 18, 2013
Bought 18.4 K USD
PENN ARTHUR H
Chairman and CEO
+ 1375
13.4175 USD
11 years ago
Jan 17, 2013
Bought 40.2 K USD
PENN ARTHUR H
Chairman and CEO
+ 3000
13.4048 USD
11 years ago
Jan 16, 2013
Bought 93.8 K USD
PENN ARTHUR H
Chairman and CEO
+ 7000
13.4061 USD
12 years ago
Nov 30, 2011
Bought 31.6 K USD
Efrat Aviv
CFO
+ 3000
10.5259 USD
13 years ago
Aug 18, 2011
Bought 16.8 K USD
Bernstein Adam K
Director
+ 1500
11.23 USD
13 years ago
Aug 12, 2011
Bought 21.2 K USD
KATZ SAMUEL L
Director
+ 2000
10.6 USD
13 years ago
Aug 10, 2011
Bought 108 K USD
KATZ SAMUEL L
Director
+ 10000
10.8 USD
13 years ago
Aug 09, 2011
Bought 141 K USD
KATZ SAMUEL L
Director
+ 13000
10.8676 USD
13 years ago
Aug 09, 2011
Bought 29.9 K USD
Efrat Aviv
CFO
+ 2750
10.8597 USD
13 years ago
Aug 08, 2011
Bought 39.2 K USD
Bernstein Adam K
Director
+ 3500
11.19 USD
13 years ago
Aug 08, 2011
Bought 48.7 K USD
KATZ SAMUEL L
Director
+ 4500
10.8264 USD
7. News
PFLT: High Monthly Income, But Coverage Looking Pressured PennantPark Floating Rate Capital focuses on first-lien floating rate loans, maintaining 87% allocation in senior secured debt. PFLT offers a high yield at ~10.7%, but coverage has been under pressure and should come further under pressure as the Fed cuts rates. PFLT is trading at a slight premium to its last reported NAV per share, which suggests that it isn't looking like a bargain currently. seekingalpha.com - 1 week ago
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share MIAMI, Nov. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for November 2024 of $0.1025 per share, payable on December 2, 2024 to stockholders of record as of November 15, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. globenewswire.com - 1 week ago
3 Ultra-High-Yield Dividend Stocks to Buy in November and Hold Forever With yields above 9%, these stocks could accelerate your retirement timeline. fool.com - 1 week ago
BDC Weekly Review: PSEC Doubles Down On Its Strategy We take a look at the action in business development companies through the fourth week of October and highlight some of the key themes we are watching. BDCs underperformed this week but still outpaced the broader income market, with larger BDCs leading month-to-date performance. PSEC increased its preferred issuance cap to $2.5bn. seekingalpha.com - 2 weeks ago
2 Ultra-High Yielding Stocks Over 10% To Buy in November It is never a good idea for investors to chase yield. 247wallst.com - 2 weeks ago
PennantPark Floating Rate Capital: Weak Dividend Coverage Offset By Increased Investment Activity I maintain my buy rating on PennantPark Floating Rate Capital due to its strong portfolio structure, consistent price range, and high dividend yield of 10.7%. PFLT's focus on first lien senior secured investments at a floating rate basis helps protect in varying interest rate environments. Despite a slight increase in non-accrual rates, PFLT's risk profile remains low, with potential relief from anticipated interest rate cuts. seekingalpha.com - 3 weeks ago
3 Superb Ultra-High-Yield Dividend Stocks With Yields North of 10% That Make for No-Brainer Buys Right Now Three high-octane income stocks -- sporting yields of 10.4% to 12.8% -- are perfectly positioned to fatten the pocketbooks of patient investors. fool.com - 3 weeks ago
Want to Earn $100 in Annual Dividend Income? Invest $1,450 in These 3 High-Yield Stocks. It doesn't take a huge investment to produce significant levels of passive income with these stocks. fool.com - 4 weeks ago
Invest In All Weather BDC Dividend Portfolio The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a construct for BDC dividend-seeking investments. The sample portfolio, which is presented in the article, consists of three structural layers that are not that correlated and offer different risk and reward profiles. seekingalpha.com - 1 month ago
2 Ultra-High-Yield Dividend Stocks You Can Buy Now and Hold at Least a Decade These stocks could deliver bucketloads of passive income to your brokerage account. fool.com - 1 month ago
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets. globenewswire.com - 1 month ago
8. Profile Summary

PennantPark Floating Rate Capital Ltd. PFLT

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COUNTRY US
INDUSTRY Asset Management
MARKET CAP $ 810 M
Dividend Yield 2.55%
Description PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
Contact 1691 Michigan Avenue, Miami Beach, FL, 33139 https://pflt.pennantpark.com
IPO Date April 8, 2011
Employees 0
Officers Mr. P. Whitridge Williams Jr., J.D. Partner Mr. Salvatore Giannetti III Partner Mr. Brian Kendall Senior Vice President Mr. Adam Katz MD & General Counsel Ms. Sarah de la Villa Director of Human Resources Mr. Boaz Magid MD, Head of Europe & Chief Executive Officer of PennantPark Europe, B.V. Mr. Arthur Howard Penn Founder, Chairman & Chief Executive Officer Mr. Jose A. Briones Jr. Partner & Director Mr. Matthew Visgilio Manager of Operations Mr. Frank Robert Galea C.F.A. Chief Compliance Officer