Home » Stocks » PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. (PFLT)

Stock Price: $8.33 USD -0.21 (-2.40%)
Updated Oct 20, 2020 4:00 PM EDT - Market closed
After-hours: $8.34 +0.01 (0.12%) Oct 20, 5:19 PM

Stock Price Chart

Key Info

Market Cap 322.97M
Revenue (ttm) 97.61M
Net Income (ttm) 8.80M
Shares Out 38.77M
EPS (ttm) 0.23
PE Ratio 36.22
Forward PE 8.35
Dividend $1.14
Dividend Yield 13.69%

Stock Quote

Trading Day Oct 20, 2020
Last Price $8.33
Previous Close $8.54
Change ($) -0.21
Change (%) -2.40%
Day's Open 8.58
Day's Range 8.31 - 8.58
Day's Volume 215,076
52-Week Range 3.34 - 12.67

More Stats

Market Cap 322.97M
Enterprise Value 957.05M
Earnings Date (est) Nov 18, 2020
Ex-Dividend Date Oct 20, 2020
Shares Outstanding 38.77M
Float 38.09M
EPS (basic) 0.23
EPS (diluted) 0.23
FCF / Share -2.28
Dividend $1.14
Dividend Yield 13.69%
Earnings Yield 2.76%
FCF Yield n/a
Payout Ratio 495.70%
Shares Short 221,671
Short Ratio 1.27
Short % of Float 0.58%
Beta 1.74
PE Ratio 36.22
Forward PE 8.35
P/FCF Ratio n/a
PS Ratio 3.31
PB Ratio 0.71
Revenue 97.61M
Operating Income 72.61M
Net Income 8.80M
Free Cash Flow -88.36M
Net Cash -634.08M
Net Cash / Share -16.35
Gross Margin 95.22%
Operating Margin 74.38%
Profit Margin 9.00%
FCF Margin -90.52%
ROA 3.99%
ROE 1.80%
ROIC 2.00%
Stats based on trailing-twelve-month (ttm) numbers.

Analyst Summary

Analyst Ratings (6)

Buy 2
Overweight 0
Hold 4
Underweight 0
Sell 0

Analyst Consensus: Overweight

Price Target

$9.62*
(15.49% upside)
Low
9.00
Current: $8.33
High
11.00
Target: 9.62
*Average 12-month price target from 4 stock analysts.

Financial Performance

Financial numbers in millions USD.

Financial Overview

Year20192018201720162015201420132012
Revenue92.9572.2059.5046.3030.3630.3618.8712.10
Revenue Growth28.73%21.36%28.5%52.53%-0.01%60.89%55.95%-
Gross Profit76.5361.4546.3836.4922.4219.7212.938.56
Operating Income72.5256.9942.2033.1720.4017.8311.076.66
Net Income11.4233.4936.3333.4912.5020.5111.9811.96
Shares Outstanding38.7738.7732.4826.7314.9014.9014.716.85
Earnings Per Share0.290.871.201.250.771.381.251.75
EPS Growth-66.67%-27.5%-4%62.34%-44.2%10.4%-28.57%-
Dividend Per Share1.141.141.141.141.121.081.030.91
Dividend Growth0%0%0%2.24%3.53%4.77%12.97%-
Operating Cash Flow-121-208-76.71-165-2.21-22.25-124-47.83
Free Cash Flow-121-208-76.71-165-2.21-22.25-124-47.83
Cash & Equivalents63.3472.2218.9128.9121.4313.114.583.85
Total Debt62446825723229.6015010175.12
Net Cash / Debt-560-395-238-203-8.17-137-95.96-71.28
Assets1,1521,076747631416373329178
Liabilities64954128925643.2315811982.62
Book Value50353645837637321521095.74
Numbers in millions USD, except per-share numbers.

Company Profile

Company Details

Full Name PennantPark Floating Rate Capital Ltd.
Country United States
CEO Arthur Howard Penn

Stock Information

Ticker Symbol PFLT
Stock Exchange NASDAQ
Sector Financial Services
Industry Asset Management
Unique Identifier NASDAQ: PFLT

Description

PennantPark Floating Rate Capital 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.