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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

Loading chart...

High
8.940
Open
8.880
VWAP
8.87
Vol
760.20K
Mkt Cap
878.08M
Low
8.830
Amount
6.75M
EV/EBITDA(TTM)
18.04
Total Shares
99.22M
EV
2.42B
EV/OCF(TTM)
--
P/S(TTM)
4.40
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
8.0
04-03seekingalpha
PennantPark Declares Monthly Dividend of $0.1025 per Share
  • Dividend Declaration: PennantPark has declared a monthly dividend of $0.1025 per share, consistent with previous distributions, indicating the company's stable cash flow and commitment to shareholder returns.
  • Yield Analysis: This dividend corresponds to a forward yield of 15.0%, reflecting investor confidence in the company's ongoing profitability while attracting income-seeking investors.
  • Payment Schedule: The dividend will be payable on May 1, with a record date of April 15 and an ex-dividend date also on April 15, ensuring shareholders receive their returns promptly.
  • Asset Expansion Plans: PennantPark projects its PSSL 2 joint venture to scale to $1 billion in assets, supporting dividend coverage and demonstrating the company's positive outlook for future growth.
Fool
8.5
04-01Fool
PennantPark Floating Rate Capital Investment Opportunity
  • High Yield Appeal: PennantPark Floating Rate Capital offers a dividend yield of 16%, making it an ideal choice for income-seeking investors, especially as market volatility presents opportunities for price dislocations to increase positions.
  • Debt Investment Advantage: With a focus on $2.33 billion in debt securities yielding an average of 9.9%, significantly above long-term U.S. Treasury yields, the company demonstrates a unique position and profitability in financing middle-market companies.
  • Risk Management Strategy: As of December 31, 2025, only 0.5% of the portfolio was on non-accrual, and investments are diversified across 160 companies, ensuring stability in profitability and reducing the impact of any single investment on overall performance.
  • Attractive Market Valuation: Trading over 26% below its net asset value per share, combined with a monthly payout of $0.1025, PennantPark stands out as a compelling investment opportunity in a historically overpriced market, drawing interest from long-term investors.
NASDAQ.COM
8.5
04-01NASDAQ.COM
Investment Opportunity Analysis for PennantPark Floating Rate Capital
  • Debt Investment Advantage: PennantPark Floating Rate Capital boasts a debt investment portfolio of $2.33 billion, with approximately 99% in floating rates, positioning the company to capitalize on rising interest rates, which is expected to enhance future profitability.
  • Low Default Rate Assurance: As of December 31, 2025, only 0.5% of the company's loans were on non-accrual, indicating stringent loan vetting and effective risk management, thereby bolstering investor confidence.
  • Diversified Investment Portfolio: PennantPark's portfolio spans 160 companies, ensuring that no single investment poses a significant threat to profitability, which reduces overall investment risk and enhances the company's resilience.
  • Attractive Market Valuation: Despite a generally high market valuation, PennantPark's stock trades over 26% below its net asset value per share, and with a monthly dividend of $0.1025, it offers an annual yield close to 16%, presenting a compelling investment opportunity for investors.
NASDAQ.COM
2.0
03-13NASDAQ.COM
Analysis of High-Yield Opportunities in BDC Sector
  • High Yield Appeal: The BDC sector offers yields up to 15.6%, with some trading at just 72 cents on the dollar, presenting a rare opportunity for investors amidst increasing economic uncertainty.
  • Market Confidence Shaken: Investor confidence in BDCs has been rattled by fresh concerns in the private credit market, particularly following the bankruptcy of First Brands, which exposed vulnerabilities in the sector.
  • Gladstone Investment Performance: Gladstone Investment (GAIN) focuses on financing lower-middle-market companies with annual EBITDA between $4 million and $15 million, and its net asset value has risen from $12.99 to $14.95 per share, indicating a robust business model.
  • SLR Investment Corp. Dynamics: SLR Investment Corp. (SLRC) specializes in senior secured loans to middle-market companies, maintaining an 11.1% yield despite share price declines, demonstrating resilience in a volatile market.
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.
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.
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Valuation Metrics

The current forward P/E ratio for PennantPark Floating Rate Capital Ltd (PFLT.N) is 11.01, compared to its 5-year average forward P/E of 9.24. 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
9.24
Current PE
11.01
Overvalued PE
10.61
Undervalued PE
7.87

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
0.09
Current EV/EBITDA
7.52
Overvalued EV/EBITDA
0.89
Undervalued EV/EBITDA
-0.71

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
4.44
Current PS
3.16
Overvalued PS
5.17
Undervalued PS
3.70

Financials

AI Analysis
Annual
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Whales Holding PFLT

A
Altshuler Shaham Ltd.
Holding
PFLT
+7.24%
3M Return
S
Sound Income Strategies, LLC
Holding
PFLT
-1.60%
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 8.85 USD — it has decreased -0.78

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 April 21 2026.

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

Today PFLT has the market capitalization of 878.08M USD.