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PFLT Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

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High
8.180
Open
8.100
VWAP
8.11
Vol
984.21K
Mkt Cap
807.63M
Low
8.020
Amount
7.99M
EV/EBITDA(TTM)
17.49
Total Shares
99.22M
EV
2.34B
EV/OCF(TTM)
--
P/S(TTM)
4.02
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.
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Events Timeline

(ET)
2026-02-26
08:40:00
PennantPark Prices $200M 6.75% Notes Offering
select
2025-11-24 (ET)
2025-11-24
16:33:01
PennantPark Floating Rate Announces Q4 EPS of 28c, Matching Expectations
select
2025-08-11 (ET)
2025-08-11
16:37:25
PennantPark Floating Rate reports Q3 EPS 25c, consensus 29c
select

News

seekingalpha
8.5
02-26seekingalpha
PennantPark Prices $200 Million Note Offering
  • Bond Offering Size: PennantPark Floating Rate Capital announced a public offering of $200 million in 6.75% notes due in 2029, demonstrating the company's ability to tap capital markets and anticipate future funding needs.
  • Flexible Redemption Terms: The notes can be redeemed at par plus a make-whole premium, if applicable, three months prior to maturity, providing the company with financial strategy flexibility to adapt to market changes.
  • Clear Use of Proceeds: The company intends to use the net proceeds to repay outstanding obligations under its revolving credit facility, invest in new or existing portfolio companies, and for general corporate or strategic purposes, reflecting a prudent approach to capital allocation.
  • Positive Market Reaction: Following the announcement, PFLT shares rose 0.47% in pre-market trading to $8.4, indicating investor confidence in the bond offering and a positive outlook on the company's financial health.
Newsfilter
8.5
02-25Newsfilter
PennantPark Closes $356.5 Million Debt Securitization
  • Cost Optimization: PennantPark CLO VIII, LLC has successfully closed a $356.5 million debt securitization, which is expected to reduce the weighted average cost of capital from SOFR+2.79% to SOFR+1.65%, significantly enhancing the company's financing efficiency and boosting investor confidence.
  • Strong Investor Demand: The success of this securitization is attributed to robust investor demand, allowing the company to lower financing costs in the current market environment, thereby better aligning with the company's growth potential and further solidifying its market position.
  • Long-Term Financing Security: The maturity of the new debt has been extended to April 2038, ensuring the company’s liquidity and financial stability in the future while providing investors with a longer return cycle, enhancing investment appeal.
  • Performance Retention: PennantPark continues to act as a retention holder in the transaction, maintaining exposure to the performance of the securitized assets, which not only aids in the company's sustained growth in the market but also reflects confidence in asset quality.
seekingalpha
9.5
02-10seekingalpha
PennantPark Floating Rate Capital Q1 Earnings Call Highlights
  • Joint Venture Launch: CEO Arthur Penn announced the initiation of the new joint venture PSSL 2, which invested $197 million during the quarter, bringing its total portfolio to $326 million, with a strategic goal to scale to over $1 billion in assets to support future dividend coverage.
  • Positive Market Environment: Management noted increased M&A activity in the private middle market, which is expanding the pipeline for new investments and driving repayments in the existing portfolio, thereby creating opportunities for capital rotation and enhancing income generation capabilities.
  • Conservative Portfolio Structure: At quarter-end, the company reported only 0.5% of its portfolio in nonaccrual investments, reflecting a cautious investment strategy, while PIK income constituted 2.5% of total interest income, ensuring stable cash flow.
  • Stable Financial Performance: For the quarter ended December 31, both GAAP net investment income and core net investment income were $0.27 per share; despite a decline in NAV to $10.49 per share, management remains optimistic about future dividend coverage as PSSL 2 scales up.
seekingalpha
9.5
02-09seekingalpha
PennantPark Reports Weaker-Than-Expected Q1 2026 Results
  • Disappointing Earnings: PennantPark Floating Rate Capital (PFLT) reported a core net investment income per share of $0.27 for Q1 2026, missing the analyst estimate of $0.30, despite a slight increase from $0.28 in Q4, indicating that weakened investment activity may impact future earnings.
  • Decline in Investment Income: PFLT's total investment income reached $70.1 million, falling short of the $70.3 million consensus, although it grew from $67.0 million a year ago; the significant drop in investment purchases suggests potential challenges for long-term growth.
  • PNNT Performance Decline: PennantPark Investment (PNNT) reported a core net investment income per share of $0.14, below the $0.16 consensus and down from $0.15 in Q4, reflecting poor performance in its investment portfolio.
  • Rising Expenses Impacting Profits: PNNT's Q1 expenses increased to $20.3 million from $18.1 million in the prior quarter, although lower than $21.2 million a year ago, the ongoing rise in expenses could further squeeze profit margins.
seekingalpha
9.5
02-09seekingalpha
PennantPark Reports Q1 Core Net Investment Income Growth
  • Core Net Investment Income: PennantPark reported a core net investment income of $0.27 per share for Q1, up from $0.25 a year ago, indicating improved profitability in the current economic climate despite rising interest rate pressures.
  • Investment Income Growth: Total investment income reached $70.09 million, a 4.6% increase from $67.01 million last year, reflecting effective portfolio management amidst a complex market environment.
  • Stock Price Volatility: Despite the improved Q1 performance, PennantPark's shares fell by 0.85%, which may indicate market concerns regarding its future growth potential, particularly in light of increased debt burdens.
  • Strategic Expansion: PennantPark aims to enhance its scale through a $250 million acquisition and new joint ventures, which are expected to drive net investment income above dividend levels, thereby strengthening the company's competitive position in the market.
seekingalpha
9.5
02-08seekingalpha
PennantPark to Announce Q1 Earnings on February 9th
  • Earnings Announcement: PennantPark (PFLT) is set to release its Q1 2023 earnings on February 9th after market close, with consensus EPS estimate at $0.30, reflecting a 9.1% year-over-year decline, while revenue is estimated at $70.28 million, indicating a 4.9% year-over-year increase.
  • Performance Expectations: Over the past year, PFLT has exceeded EPS estimates 75% of the time and revenue estimates 75% of the time, demonstrating a consistent ability to manage market expectations effectively.
  • Estimate Revisions: In the last three months, EPS estimates have seen three upward revisions and one downward revision, while revenue estimates have experienced three upward revisions and two downward revisions, indicating mixed market sentiment regarding the company's future performance.
  • Rating Dynamics: Recent analysis reports on PennantPark indicate that despite targeting net investment income (NII) significantly above dividends, the perception of its appeal has diminished due to a $250 million acquisition and the scaling up of a new joint venture.
Wall Street analysts forecast PFLT stock price to rise
5 Analyst Rating
Wall Street analysts forecast PFLT stock price to rise
3 Buy
2 Hold
0 Sell
Moderate Buy
Current: 0.000
sliders
Low
9.50
Averages
10.63
High
11.50
Current: 0.000
sliders
Low
9.50
Averages
10.63
High
11.50
Keefe Bruyette
Outperform -> Outperform
downgrade
$10
AI Analysis
2026-02-12
Reason
Keefe Bruyette
Price Target
$10
AI Analysis
2026-02-12
downgrade
Outperform -> Outperform
Reason
Keefe Bruyette lowered the firm's price target on PennantPark Floating Rate to $10 from $10.50 and keeps an Outperform rating on the shares.
Maxim
Buy
downgrade
2026-02-11
Reason
Maxim
Price Target
2026-02-11
downgrade
Buy
Reason
Maxim lowered the firm's price target on PennantPark Floating Rate to $10.50 from $11.50 and keeps a Buy rating on the shares. The company's net interest income below its dividend payout level is "likely to continue", the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for PFLT
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Valuation Metrics

The current forward P/E ratio for PennantPark Floating Rate Capital Ltd (PFLT.N) is 7.37, compared to its 5-year average forward P/E of 9.31. 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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PE
9.31
Current PE
7.37
Overvalued PE
10.72
Undervalued PE
7.89

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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
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.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
4.55
Current PS
4.78
Overvalued PS
5.23
Undervalued PS
3.87

Financials

AI Analysis
Annual
Quarterly

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Whales Holding PFLT

A
Altshuler Shaham Ltd.
Holding
PFLT
+6.57%
3M Return
S
Sound Income Strategies, LLC
Holding
PFLT
-7.15%
3M Return

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Frequently Asked Questions

What is PennantPark Floating Rate Capital Ltd (PFLT) stock price today?

The current price of PFLT is 8.14 USD — it has increased 0.49

What is PennantPark Floating Rate Capital Ltd (PFLT)'s business?

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.

What is the price predicton of PFLT Stock?

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 is10.63 USD with a low forecast of 9.50 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.

What is PennantPark Floating Rate Capital Ltd (PFLT)'s revenue for the last quarter?

PennantPark Floating Rate Capital Ltd revenue for the last quarter amounts to 39.87M USD, decreased -39.01

What is PennantPark Floating Rate Capital Ltd (PFLT)'s earnings per share (EPS) for the last quarter?

PennantPark Floating Rate Capital Ltd. EPS for the last quarter amounts to -0.04 USD, decreased -111.43

How many employees does PennantPark Floating Rate Capital Ltd (PFLT). have?

PennantPark Floating Rate Capital Ltd (PFLT) has 0 emplpoyees as of March 12 2026.

What is PennantPark Floating Rate Capital Ltd (PFLT) market cap?

Today PFLT has the market capitalization of 807.63M USD.