PennantPark Floating Rate Capital Ltd. (PFLT)

Market Cap	772.71M
Revenue (ttm)	155.77M
Net Income (ttm)	87.22M
Shares Out	66.73M
EPS (ttm)	1.54
PE Ratio	7.52
Forward PE	8.86
Dividend	$1.23 (10.62%)
Ex-Dividend Date	Jun 14, 2024

Volume	538,945
Open	11.52
Previous Close	11.52
Day's Range	11.48 - 11.60
52-Week Range	9.69 - 12.63
Beta	1.64
Analysts	Buy
Price Target	12.50 (+7.95%)
Earnings Date	Aug 7, 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
• CEO: Arthur Howard Penn
• Country: United States
• Stock Exchange: NYSE
• Ticker Symbol: PFLT

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 one analyst, the rating for PFLT stock is "Buy" and the 12-month stock price forecast is $12.5.

Price Target

$12.5

(7.95% upside)

Analyst Consensus: Buy