PennantPark Floating Rate Capital Ltd. (PFLT)
Market Cap | 1.05B |
Revenue (ttm) | 232.98M |
Net Income (ttm) | 67.81M |
Shares Out | 99.22M |
EPS (ttm) | 0.86 |
PE Ratio | 12.33 |
Forward PE | 8.98 |
Dividend | $1.23 (11.57%) |
Ex-Dividend Date | Jul 15, 2025 |
Volume | 779,647 |
Open | 10.74 |
Previous Close | 10.72 |
Day's Range | 10.62 - 10.77 |
52-Week Range | 8.82 - 11.90 |
Beta | 0.95 |
Analysts | Buy |
Price Target | 11.17 (+5.08%) |
Earnings Date | Aug 11, 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]
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 StatementsAnalyst Summary
According to 6 analysts, the average rating for PFLT stock is "Buy." The 12-month stock price target is $11.17, which is an increase of 5.08% from the latest price.
News

PFLT: High Yield Under Pressure, But Valuation Looks Better
PFLT faces headwinds from the current environment, pressuring income and dividend coverage due to its floating-rate loan portfolio. With the latest quarterly results, we've seen the negative impact as...

June Readers Tagged 13 Ideal Dividend Dogs From 16 "Safer" Out Of 38 ReFa/Ro
My contrarian yield-based strategy spotlights high-yield 'ReFa/Ro Dogs' with analyst forecasts suggesting 19-33% net gains by June 2026. All top ten ReFa/Ro Dogs offer annual dividends from $1,000 inv...

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2025 Results
MIAMI, July 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2025 on M...

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, July 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for July 2025 of $0.1025 per share, payable on August 1, ...

31 June Ideal 'Safer' Monthly Paying Dividend Stocks And 80 Funds
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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 ...

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

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...

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...

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...

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.

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...

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 Durable Dividends At Bargain Prices
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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...

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...

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...

2 Names To Boost Your Passive Income
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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...

5 'Safe' Buys In 35 February Dividend Power Dogs
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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...

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.

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 ...

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 ...