PennantPark Floating Rate Capital Ltd. (PFLT)
Market Cap | 872.97M |
Revenue (ttm) | 166.57M |
Net Income (ttm) | 98.55M |
Shares Out | 73.42M |
EPS (ttm) | 1.60 |
PE Ratio | 7.45 |
Forward PE | 9.45 |
Dividend | $1.23 (10.35%) |
Ex-Dividend Date | Oct 16, 2024 |
Volume | 669,046 |
Open | 11.78 |
Previous Close | 11.82 |
Day's Range | 11.78 - 11.90 |
52-Week Range | 9.69 - 12.63 |
Beta | 1.67 |
Analysts | Strong Buy |
Price Target | 12.00 (+0.93%) |
Earnings Date | Nov 25, 2024 |
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 2023, PFLT's revenue was $139.34 million, an increase of 32.09% compared to the previous year's $105.49 million. Earnings were $39.26 million, an increase of 1037.01%.
Financial StatementsAnalyst 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 0.93% from the latest price.
News
Invest In All Weather BDC Dividend Portfolio
The All Weather Portfolio concept introduced by Ray Dalio aims for stable returns through largely uncorrelated investment exposures. In this article, I have tried to apply the essence of such a constr...
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2024 Results
MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 202...
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, Oct. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for October 2024 of $0.1025 per share, payable on Novembe...
PennantPark Floating Rate Capital (PFLT) Q3 2024 Earnings Call Transcript
PennantPark Floating Rate Capital (NYSE:PFLT) Q3 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Corporate Participants Arthur Penn - Founder, Chairman and Chief Executive Officer Richard All...
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended June 30, 2024
MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the third quarter ended June 30, 2024.
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PennantPark Floating Rate Capital Ltd Completes the Reset and Upsize of its $351.0 Million CLO I
MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark CLO I, Ltd (“CLO I”), a wholly-owned and consolidated subs...
PennantPark Floating Rate Capital: Abundance Of Cash That Will Fuel Growth Opportunities
PennantPark Floating Rate Capital operates as a business development company focusing on strategic debt investments in middle market companies. PFLT's consistent performance is supported by a diverse ...
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2024 Results
MIAMI, July 03, 2024 (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, 2024 on W...
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My objective is to retire early without sacrificing living standards or tapping into portfolio holdings. To deliver on this objective, I have devised a de-risked high dividend income investing strateg...
PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $611 Million
MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that as result of expanded lender partner relationships, it has upsized its credi...
PennantPark Floating Rate Capital: A Solid 10.8% Yielding BDC Trading At A Discount
PennantPark Floating Rate Capital is a BDC trading at a small discount to its NAV, making it an attractive investment in comparison to many of its peers. PFLT reported strong earnings with impressive ...
PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Refinancing of $300.7 Million CLO, Marking Continued Support of PennantPark's Middle Market CLO Platform
MIAMI, May 21, 2024 (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 whol...
PennantPark Floating Rate Capital (PFLT) Q2 2024 Earnings Call Transcript
PennantPark Floating Rate Capital (NYSE:PFLT) Q2 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Arthur Penn - Founder, Chairman and CEO Richard Allorto - CFO Conference Cal...
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2024
MIAMI, May 08, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the second quarter ended March 31, 2024.
PennantPark Floating Rate Capital: A More Reliable Alternative To PNNT
PennantPark Floating Rate Capital provides an opportunity to collect a consistently high yield in this higher interest rate environment. Despite the fluctuation of interest rates over the last decade,...
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Better Stock Than Its Sister: PennantPark Floating Rate Capital
PennantPark Floating Rate Capital has a consistent history of distributions and attractive returns, outperforming its sister company PNNT. PFLT focuses on first lien debt investments, offering more sa...
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 Results
MIAMI, April 03, 2024 (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 Mar...
PennantPark Floating Rate Capital: Generating High Monthly Income
Business development companies, or BDCs, have performed well in the last several years thanks to a higher rate environment, but the outlook may not be as favorable with potential rate cuts. PennantPar...
PennantPark Floating Rate Capital Ltd. Completes CLO, Marking Continued Growth in PennantPark's CLO Platform
MIAMI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it completed a $350.55 million term debt securitization transaction wi...
PennantPark Floating Rate Capital (PFLT) Q1 2024 Earnings Call Transcript
PennantPark Floating Rate Capital (PFLT) Q1 2024 Earnings Call Transcript
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2023
MIAMI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the first quarter ended December 31, 2023.
PennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks Rising
Many investors are seeking high-yielding stocks and bonds, leading to the popularity of ultra-high yield investments, which can have hidden risks. Business development companies are attractive due to ...