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
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
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|
| Revenue | 92.95 | 72.20 | 59.50 | 46.30 | 30.36 | 30.36 | 18.87 | 12.10 |
| Revenue Growth | 28.73% | 21.36% | 28.5% | 52.53% | -0.01% | 60.89% | 55.95% | - |
| Gross Profit | 76.53 | 61.45 | 46.38 | 36.49 | 22.42 | 19.72 | 12.93 | 8.56 |
| Operating Income | 72.52 | 56.99 | 42.20 | 33.17 | 20.40 | 17.83 | 11.07 | 6.66 |
| Net Income | 11.42 | 33.49 | 36.33 | 33.49 | 12.50 | 20.51 | 11.98 | 11.96 |
| Shares Outstanding | 38.77 | 38.77 | 32.48 | 26.73 | 14.90 | 14.90 | 14.71 | 6.85 |
| Earnings Per Share | 0.29 | 0.87 | 1.20 | 1.25 | 0.77 | 1.38 | 1.25 | 1.75 |
| EPS Growth | -66.67% | -27.5% | -4% | 62.34% | -44.2% | 10.4% | -28.57% | - |
| Dividend Per Share | 1.14 | 1.14 | 1.14 | 1.14 | 1.12 | 1.08 | 1.03 | 0.91 |
| Dividend Growth | 0% | 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 & Equivalents | 63.34 | 72.22 | 18.91 | 28.91 | 21.43 | 13.11 | 4.58 | 3.85 |
| Total Debt | 624 | 468 | 257 | 232 | 29.60 | 150 | 101 | 75.12 |
| Net Cash / Debt | -560 | -395 | -238 | -203 | -8.17 | -137 | -95.96 | -71.28 |
| Assets | 1,152 | 1,076 | 747 | 631 | 416 | 373 | 329 | 178 |
| Liabilities | 649 | 541 | 289 | 256 | 43.23 | 158 | 119 | 82.62 |
| Book Value | 503 | 536 | 458 | 376 | 373 | 215 | 210 | 95.74 |
Numbers in millions USD, except per-share numbers.
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.