PennantPark Floating Rate Capital Ltd. (PFLT)

NYSE: PFLT · Real-Time Price · USD
10.26
-0.14 (-1.35%)
At close: Jun 20, 2025, 4:00 PM
10.32
+0.06 (0.58%)
After-hours: Jun 20, 2025, 7:55 PM EDT
-1.35%
Market Cap 1.02B
Revenue (ttm) 232.98M
Net Income (ttm) 67.81M
Shares Out 99.22M
EPS (ttm) 0.86
PE Ratio 11.90
Forward PE 8.69
Dividend $1.23 (11.99%)
Ex-Dividend Date Jun 16, 2025
Volume 1,039,800
Open 10.38
Previous Close 10.40
Day's Range 10.23 - 10.41
52-Week Range 8.82 - 12.02
Beta 0.96
Analysts Buy
Price Target 11.20 (+9.16%)
Earnings Date Aug 6, 2025

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... [Read more]

Sector Financials
Founded 2010
Country United States
Stock Exchange NYSE
Ticker Symbol PFLT
Full Company Profile

Financial Performance

In 2024, PFLT's revenue was $186.36 million, an increase of 33.74% compared to the previous year's $139.34 million. Earnings were $91.84 million, an increase of 133.92%.

Financial Statements

Analyst Forecast

According to 5 analysts, the average rating for PFLT stock is "Buy." The 12-month stock price forecast is $11.2, which is an increase of 9.16% from the latest price.

Price Target
$11.2
(9.16% upside)
Analyst Consensus: Buy
Stock Forecasts

News

PennantPark Floating Rate Capital: Avoiding This Dividend Powerhouse Amid Declining NAV Concerns

Great dividend, weak stock. The 12% yield looks nice, but the stock and NAV have been slowly sliding for years. NAV keeps dropping. It is down 22% over 14 years and never really recovered. Q2 was not ...

3 days ago - Seeking Alpha

Private Equity For The People: 3 High-Yield BDCs Yielding Up To 13%

Let's invest like private equity pros without needing seven figures. Yes, that's right—PE-style starting for as little as $8.

Other symbols: CCAPTCPC
7 days ago - Forbes

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for June 2025 of $0.1025 per share, payable on July 1, 20...

19 days ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Reset of its $315.8 Million Securitization, Lowering the Cost of Financing

MIAMI BEACH, Fla., May 22, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through...

4 weeks ago - GlobeNewsWire

PennantPark Floating Rate Capital: Weak Q2 Earnings Warrants Caution (Rating Downgrade)

I am downgrading PFLT due to rising non-accruals, weaker earnings, increased debt, and questionable dividend coverage amid sector-wide headwinds. Despite trading at a discount to NAV and offering a hi...

5 weeks ago - Seeking Alpha

PennantPark Floating Rate Capital: Sustainable High-Yield Case In A Volatile Environment

PFLT's share price has declined by almost 8% on a YTD basis. The Q1 2025 net investment figure has dropped below what is needed to cover the base dividend. The question is whether the share price drop...

5 weeks ago - Seeking Alpha

PennantPark Floating Rate Capital (PFLT) Q2 2025 Earnings Call Transcript

PennantPark Floating Rate Capital (NYSE:PFLT) Q2 2025 Results Conference Call May 13, 2025 9:00 AM ET Company Participants Art Penn - Chairman and Chief Executive Officer Richard Allorto - Chief Fina...

5 weeks ago - Seeking Alpha

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Second Quarter Ended March 31, 2025

MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the second quarter ended March 31, 2025.

5 weeks ago - GlobeNewsWire

30 April Ideal "Safer" Monthly Paying Dividend Stocks And 80 Funds

Investing $1,000 in top-yielding MoPay stocks can yield significant returns, with estimated gains of 21.06% to 40.99% by April 2026. MoPay stocks are affordable but come with higher volatility and ris...

7 weeks ago - Seeking Alpha

PennantPark Floating Rate Capital Ltd. Amends Credit Facility, Lowering Spread and Extending Maturity

MIAMI, April 22, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it amended its credit facility agreement led by Truist Bank (the “Credit Facility”...

2 months ago - GlobeNewsWire

2 Durable Dividends At Bargain Prices

In the process of the market losing its optimism, there have been several cases, where the baby has been thrown out with the bathwater. Namely, we have now more interesting high-quality opportunities ...

Other symbols: BEP
2 months ago - Seeking Alpha

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes $301 Million Securitization, Marking Continued Growth in PennantPark's Middle Market Platform with Twelve CLOs Under Management

MIAMI, April 15, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through PSSL's wh...

2 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2025 Results

MIAMI, April 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2025 o...

2 months ago - GlobeNewsWire

PennantPark Floating Rate Capital: One Of The Highest Quality Picks In First-Lien BDC Segment

PennantPark Floating Rate Capital, PFLT, is a completely different BDC than its related arm PNNT. In my last piece that was issued in August 2024, I made it clear that the dividend is safe, even thoug...

Other symbols: COF
3 months ago - Seeking Alpha

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...

Other symbols: VZ
4 months ago - Seeking Alpha

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 wit...

4 months ago - GlobeNewsWire

5 'Safe' Buys In 35 February Dividend Power Dogs

The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 20...

4 months ago - Seeking Alpha

PennantPark Floating Rate Capital (PFLT) Q1 2025 Earnings Call Transcript

PennantPark Floating Rate Capital (NYSE:PFLT) Q1 2025 Earnings Conference Call February 11, 2025 9:00 AM ET Company Participants Art Penn - Chairman and Chief Executive Officer Richard Allorto - Chie...

4 months ago - Seeking Alpha

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2024

MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the first quarter ended December 31, 2024.

4 months ago - GlobeNewsWire

PennantPark Floating Rate Capital: Improved Portfolio Quality And Discounted Valuation

I maintain my buy rating on PFLT due to its improved non-accrual rate, prioritization of new investments, and slightly improved dividend coverage. PennantPark Floating Rate Capital's current dividend ...

5 months ago - Seeking Alpha

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of First Fiscal Quarter 2025 Results

MIAMI, Jan. 08, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2024 ...

5 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $736 Million

MIAMI, Dec. 26, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it has upsized its credit facility, led by Truist Bank (the “Credit Facility”) to $...

6 months ago - GlobeNewsWire

Top 3 Financial Stocks Which Could Rescue Your Portfolio For December

The most oversold stocks in the financial sector presents an opportunity to buy into undervalued companies.

Other symbols: HRZNPFG
6 months ago - Benzinga

KBW Announces Index Rebalancing for Fourth-Quarter 2024

NEW YORK, Dec. 13, 2024 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel F...

Other symbols: ABABRACREAPOARESARIBDN
6 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Upsize of Joint Venture

Joint Venture to Continue to Target the Attractive Core Middle Market Joint Venture Is Generating Strong Returns MIAMI, Dec. 12, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”...

6 months ago - GlobeNewsWire