Financial Services -
Asset Management - NYSE - US
$ 10.05
-9.13 %
$ 884 M
Market Cap
7.34
P/E
1. INTRINSIC VALUE
Balance Sheet
PennantPark Floating Rate Capital Ltd.
| Current Assets | 125 M |
| Cash & Short-Term Investments | 112 M |
| Receivables | 12.8 M |
| Other Current Assets | 489 K |
| Non-Current Assets | 1.98 B |
| Long-Term Investments | 1.98 B |
| PP&E | 0 |
| Other Non-Current Assets | 0 |
| Current Liabilities | 244 M |
| Accounts Payable | 45 M |
| Short-Term Debt | 184 M |
| Other Current Liabilities | 15.6 M |
| Non-Current Liabilities | 1.05 B |
| Long-Term Debt | 0 |
| Other Non-Current Liabilities | 1.05 B |
EFFICIENCY
Earnings Waterfall
PennantPark Floating Rate Capital Ltd.
| Revenue | 110 M |
| Cost Of Revenue | 0 |
| Gross Profit | 110 M |
| Operating Expenses | 1.46 M |
| Operating Income | 109 M |
| Other Expenses | 17 M |
| Net Income | 91.8 M |
RATIOS
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
PennantPark Floating Rate Capital Ltd.
| Net Income | 91.8 M |
| Depreciation & Amortization | 0 |
| Capital Expenditures | 0 |
| Stock-Based Compensation | 0 |
| Change in Working Capital | 4.44 M |
| Others | -894 M |
| Free Cash Flow | -801 M |
Wall Street Analysts Price Targets
PennantPark Floating Rate Capital Ltd.
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
19.40%
PFLT Average Price Target
Wall Street Target
12 USD
19.40%
PFLT Highest Price Target
Wall Street Target
12 USD
19.40%
4. DIVIDEND
ANALYSIS
2.72%
DIVIDEND YIELD
0.102 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
PennantPark Floating Rate Capital Ltd.
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
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
163 K USD 2
9-12 MONTHS
7. News
Best Income Stocks to Buy for March 21st
CION, PFLT and FHB made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2025.
zacks.com
- 2 weeks ago
All You Need to Know About PennantPark (PFLT) Rating Upgrade to Strong Buy
PennantPark (PFLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 2 weeks ago
Best Income Stocks to Buy for March 17th
HSNGY, PFLT and PAA made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 17, 2025.
zacks.com
- 2 weeks ago
Stock Market Sell-Off: 5 Magnificent Stocks I Already Own That I'm Waiting Patiently to Add To
Every so often, Wall Street reminds investors that stocks don't move up in a straight line. In span of roughly three weeks, the ageless Dow Jones Industrial Average, broad-based S&P 500 (^GSPC -1.39%), and Nasdaq Composite have respectively sold off by 7.2%, 9.3%, and 13.1%.
fool.com
- 3 weeks ago
Jump On These Over 9% Dividend Yielding Stocks Today
The recent inflation read came in below market expectations at 2.8%.
247wallst.com
- 3 weeks ago
New Strong Buy Stocks for March 5th
PFLT, COMM, BGC, NLY and ACIU have been added to the Zacks Rank #1 (Strong Buy) List on March 5, 2025.
zacks.com
- 1 month ago
2 Ultra-High-Yield Dividend Stocks You Can Buy With Confidence in March
For well over a century, the stock market has been making patient investors richer. While gold, real estate, and bonds, have all nominally increased investors' principal over time, stocks offer the highest average annual return of all asset classes spanning the last century.
fool.com
- 1 month ago
Best Income Stocks to Buy for March 5th
NLY, PFLT and ORI made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 5, 2025.
zacks.com
- 1 month ago
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, March 04, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for March 2025 of $0.1025 per share, payable on April 1, 2025 to stockholders of record as of March 14, 2025. 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 month ago
2 Names To Boost Your Passive Income
When it comes to investing, there are always many selections that investors have in terms of the approach they want to take. As I'm a heavily income-oriented investor, I tend to straddle my selections primarily through higher-yielding investment options but also dividend growth choices. Dividend growth investments may not be as exciting up front, but over time, all the small increases can add up.
seekingalpha.com
- 1 month ago
PennantPark Floating Rate Capital Ltd. Closes New Securitization, Substantially Lowering Borrowing Costs
MIAMI, Feb. 21, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it completed a $474.6 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized loan obligation (“CLO”).
globenewswire.com
- 1 month ago
PennantPark (PFLT) Upgraded to Strong Buy: Here's Why
PennantPark (PFLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
zacks.com
- 1 month ago
8. Profile
Summary
PennantPark Floating Rate Capital Ltd. PFLT
COUNTRY
US
INDUSTRY
Asset Management
MARKET CAP
$ 884 M
Dividend Yield
2.72%
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
Ms. Sarah de la Villa
Director of Human Resources
Mr. Salvatore Giannetti III
Partner
Mr. P. Whitridge Williams Jr., J.D.
Partner
Mr. Jose A. Briones Jr.
Senior Partner & Director
Mr. Arthur Howard Penn
Founder, Chairman & Chief Executive Officer
Mr. Frank Robert Galea C.F.A.
Chief Compliance Officer
Mr. Brian Kendall
Senior Vice President
Mr. Boaz Magid
MD, Head of Europe & Chief Executive Officer of PennantPark Europe, B.V.
Mr. Adam Katz
MD & General Counsel
Mr. Matthew Visgilio
Manager of Operations