PennantPark Floating Rate Capital Ltd. (PFLT)

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...

• Industry: Asset Management
• Sector: Financials
• CEO: Arthur Howard Penn
• Country: United States
• Stock Exchange: NYSE
• Ticker Symbol: PFLT

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%.

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