PennantPark Floating Rate Capital Ltd. (PFLT)

Market Cap	811.30M
Revenue (ttm)	166.57M
Net Income (ttm)	98.55M
Shares Out	73.42M
EPS (ttm)	1.60
PE Ratio	6.92
Forward PE	8.78
Dividend	$1.23 (11.13%)
Ex-Dividend Date	Nov 15, 2024

Volume	529,193
Open	11.11
Previous Close	11.09
Day's Range	11.01 - 11.14
52-Week Range	10.28 - 12.63
Beta	1.67
Analysts	Strong Buy
Price Target	12.00 (+8.6%)
Earnings Date	Nov 25, 2024

About PFLT

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 connect...

• Industry: Asset Management
• Sector: Financials
• Founded: 2010
• Country: United States
• Stock Exchange: NYSE
• Ticker Symbol: PFLT
• Website: https://pflt.pennantpark.com

Financial Performance

In 2023, PFLT's revenue was $139.34 million, an increase of 32.09% compared to the previous year's $105.49 million. Earnings were $39.26 million, an increase of 1037.01%.

Analyst Forecast

According to 2 analysts, the average rating for PFLT stock is "Strong Buy." The 12-month stock price forecast is $12.0, which is an increase of 8.60% from the latest price.

Price Target

$12.0

(8.60% upside)

Analyst Consensus: Strong Buy