PFLT

PennantPark Floating Rate Capital Ltd

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Advanced Chart

10.140

+0.06(0.595%)1D

Overview
Forecast
Valuation
Earnings

Line

Candle

YTD

High

10.150

Open

10.080

VWAP

10.08

Vol

1.23M

Mkt Cap

1.01B

Low

10.010

Amount

12.39M

EV/EBITDA(TTM)

14.47

Total Shares

99.22M

2.29B

EV/OCF(TTM)

P/S(TTM)

3.94

PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. The investment objectives of the Company are to generate both current income and capital appreciation while seeking to preserve capital by investing primarily in floating rate loans, and other investments made to U.S. middle-market companies. The Company primarily invests private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. The Company may also invest in equity investments. Under normal market conditions, the Company generally expect that at least 80% of the value of its managed assets. The Company generally expect to invest up to 35% of its overall portfolio opportunistically in other types of investments, including second lien secured debt, subordinated debt, and, to a lesser extent, equity investments.

Market Estimates

Earnings Estimates

Revenue

YoY Chg

EPS

YoYChg

FY2025Q1

FY2025Q2

FY2025Q3

59.48M

+56.63%

0.322

-2.47%

65.81M

+48.37%

0.320

+3.34%

66.27M

+36.63%

0.293

-5.47%

Estimates Revision

The market is revising No Change the revenue expectations for PennantPark Floating Rate Capital Ltd. (PFLT) for FY2024, with the revenue forecasts being adjusted by 0% over the past three months. During the same period, the stock price has changed by -0.88%.

Revenue Estimates for FY2024

No Change

0.00%

In Past 3 Month

EPS Estimates for FY2024

No Change

0.00%

In Past 3 Month

Stock Price

Go Down

-0.88%

In Past 3 Month

6 Analyst Rating

Wall Street analysts forecast PFLT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PFLT is 10.96 USD with a low forecast of 10.50 USD and a high forecast of 11.50 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

3 Buy

3 Hold

0 Sell

Moderate Buy

Current: 10.140

Low

10.50

Averages

10.96

High

11.50

Current: 10.140

Low

10.50

Averages

10.96

High

11.50

Keefe Bruyette

Market Perform

downgrade

$11

2025-08-13

Reason

Keefe Bruyette

Price Target

$11

2025-08-13

downgrade

Market Perform

Reason

Keefe Bruyette lowered the firm's price target on PennantPark Floating Rate to $10.50 from $11 and keeps a Market Perform rating on the shares. The company reported a mixed quarter due to an earnings miss and some slight portfolio depreciation, the analyst tells investors in a research note.

UBS

Neutral

maintain

2025-07-16

Reason

UBS

Price Target

2025-07-16

maintain

Neutral

Reason

UBS raised the firm's price target on PennantPark Floating Rate to $10.75 from $10.50 and keeps a Neutral rating on the shares.

Citizens JMP

Brian McKenna

Outperform

downgrade

$12 -> $11

2025-06-24

Reason

Citizens JMP

Brian McKenna

Price Target

$12 -> $11

2025-06-24

downgrade

Outperform

Reason

Citizens JMP analyst Brian McKenna lowered the firm's price target on PennantPark Floating Rate to $11 from $12 and keeps an Outperform rating on the shares. The firm lowered its FY25 EPS estimate to $1.20 from $1.25 and sees FY26 EPS of $1.18.

Maxim

Michael Diana

Buy

downgrade

2025-05-14

Reason

Maxim

Michael Diana

Price Target

2025-05-14

downgrade

Buy

Reason

Maxim analyst Michael Diana lowered the firm's price target on PennantPark Floating Rate to $11.50 from $12.50 but keeps a Buy rating on the shares. The company's net interest income was below the quarterly dividend, though the firm does not expect a dividend cut, the analyst tells investors in a research note. PennantPark's strong originations exceeded moderate payoffs, resulting in a 6.8% increase in the size of its investment portfolio, thereby largely offsetting lower loan yields, Maxim added.

Ladenburg

Neutral -> Buy

upgrade

$10.50

2025-05-13

Reason

Ladenburg

Price Target

$10.50

2025-05-13

upgrade

Neutral -> Buy

Reason

Ladenburg upgraded PennantPark Floating Rate to Buy from Neutral with a $10.50 price target.

UBS

Vilas Abraham

Hold

Maintains

$12 → $11

2025-04-17

Reason

UBS

Vilas Abraham

Price Target

$12 → $11

2025-04-17

Maintains

Hold

Reason

UBS lowered the firm's price target on PennantPark Floating Rate to $10.50 from $11.50 and keeps a Neutral rating on the shares as part of a Q1 earnings preview for the business development companies. The focus for investors during earnings will be on the outlook for credit quality given the increased economic uncertainty, the analyst tells investors in a research note. The firm says that while the pullback in the sector has made valuations more attractive, the overhang from credit quality concerns and earnings drag from lower short-term rates will persist. UBS cut price targets to reflect a lower return on equity outlook from slower loan growth and lower target multiples given increased economic uncertainty.

See All Ratings

Valuation Metrics

The current forward P/E ratio for PennantPark Floating Rate Capital Ltd (PFLT.N) is 7.99, compared to its 5-year average forward P/E of 9.45. For a more detailed relative valuation and DCF analysis to assess PennantPark Floating Rate Capital Ltd 's fair value, click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.

Undervalued

5Y Average PE

9.45

Current PE

7.99

Overvalued PE

10.77

Undervalued PE

8.13

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.

N/A

5Y Average EV/EBITDA

0.00

Current EV/EBITDA

0.00

Overvalued EV/EBITDA

0.00

Undervalued EV/EBITDA

0.00

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.

Fair

5Y Average PS

4.55

Current PS

5.19

Overvalued PS

5.24

Undervalued PS

3.85