PennantPark Floating Rate Capital Ltd. (PFLT)

NYSE: PFLT · IEX Real-Time Price · USD
10.78
+0.01 (0.09%)
Jun 2, 2023, 4:00 PM EDT - Market closed
0.09%
Market Cap 536.11M
Revenue (ttm) 120.41M
Net Income (ttm) -12.60M
Shares Out 49.73M
EPS (ttm) -0.35
PE Ratio n/a
Forward PE 8.87
Dividend $1.16 (10.78%)
Ex-Dividend Date Jun 14, 2023
Volume 871,943
Open 10.85
Previous Close 10.77
Day's Range 10.73 - 10.85
52-Week Range 9.43 - 13.22
Beta 1.64
Analysts Strong Buy
Price Target 12.00 (+11.32%)
Earnings Date May 10, 2023

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
CEO Arthur Howard Penn
Country United States
Stock Exchange NYSE
Ticker Symbol PFLT
Full Company Profile

Financial Performance

In 2022, PFLT's revenue was $105.49 million, an increase of 27.56% compared to the previous year's $82.69 million. Earnings were $3.45 million, a decrease of -93.89%.

Financial Statements

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 11.32% from the latest price.

Price Target
$12.0
(11.32% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

PennantPark Floating Rate Capital Ltd. Announces 2.5% Increase of Its Monthly Distribution to $0.1025 Per Share and Financial Results for the Quarter Ended March 31, 2023

MIAMI, May 10, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the second quarter ended March 31, 2023.

3 weeks ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.10 per Share

MIAMI, May 02, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for May 2023 of $0.10 per share, payable on J...

1 month ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I, LLC Completes $297.8 Million CLO, Marking Continued Growth in PennantPark's Middle Market CLO Platform with Six CLOs Under Management

MIAMI, April 13, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE: PFLT) today announced that PennantPark Senior Secured Loan Fund I, LLC (“PSSL”) thr...

1 month ago - GlobeNewsWire
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PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2023 Results

MIAMI, April 05, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended Marc...

2 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces 5.3% Increase of Its Monthly Distribution to $0.10 per Share and Financial Results for the Quarter Ended December 31, 2022

MIAMI, Feb. 08, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today financial results for the first fiscal quarter ended December 31, 2022.

4 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share

MIAMI, Feb. 02, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for February 2023 of $0.095 per share, payab...

4 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Pricing of Public Offering of Common Stock

MIAMI, Jan. 23, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT), a business development company (the “Company”), today announced that it has entered into an a...

4 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Public Offering of Common Stock

MIAMI, Jan. 23, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE: PFLT) today announced that it has commenced an underwritten primary offering of 4,25...

4 months ago - GlobeNewsWire
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PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of First Fiscal Quarter 2023 Results

MIAMI, Jan. 05, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the first fiscal quarter ended Decemb...

5 months ago - GlobeNewsWire

5 Stocks to Buy Thay Pay Reliable Monthly Dividends

Owning dividend stocks has many benefits. This article lists five monthly dividend stocks that income-oriented investors should consider buying in 2023

Other symbols: EPRLTCOSTAG
6 months ago - MarketBeat

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2022

MIAMI, Nov. 16, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today financial results for the fourth quarter and fiscal year ended September 30, 2...

7 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2022 Results

MIAMI, Oct. 21, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the fourth fiscal quarter ended Septe...

8 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $366 Million

MIAMI, Sept. 21, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE: PFLT) announced that it increased the size of its multi-currency, senior secured cr...

9 months ago - GlobeNewsWire
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PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended June 30, 2022

MIAMI, Aug. 03, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today financial results for the third fiscal quarter ended June 30, 2022.

10 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2022 Results

MIAMI, July 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the third fiscal quarter ended June 3...

11 months ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Appoints Senior Partner of PennantPark to Its Board of Directors

MIAMI, May 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE: PFLT) announced today the appointment of Mr. José A. Briones, Jr. to the Company's Bo...

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2022 Results

NEW YORK, April 04, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended...

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Transfer of Common Stock listing to the New York Stock Exchange

MIAMI, March 30, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PNNT) today announced that it is transferring the listing of its common stock to the New York ...

1 year ago - GlobeNewsWire

Three 8%-Plus Yields Insulated From Rising Rates

What's better than an asset class that can deliver 8% in annual income like clockwork?

Other symbols: HTGCORCC
1 year ago - Forbes

PennantPark Floating Rate Capital Ltd. Increases Commitment to Joint Venture

Joint Venture Supports Growing Private Credit Business Joint Venture Supports Growing Private Credit Business

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended December 31, 2021

MIAMI, Feb. 09, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the first fiscal quarter ended December 31, 2021.

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of First Fiscal Quarter 2022 Results

NEW YORK, Jan. 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the first fiscal quarter ended D...

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Fourth Quarter and Fiscal Year Ended September 30, 2021

NEW YORK, Nov. 17, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the fourth quarter and fiscal year ended September ...

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Prices Public Offering of an Additional $85.0 Million of 4.25% Notes Due 2026 with a Yield-to-Maturity of Approximately 3.875%

NEW YORK, Oct. 06, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) (“PFLT”) announced that it has priced an underwritten public offering of an additional $8...

1 year ago - GlobeNewsWire

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2021 Results

NEW YORK, Oct. 04, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the fourth fiscal quarter ended ...

1 year ago - GlobeNewsWire