PennantPark Floating Rate Capital
PFLT
About: PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
56% more repeat investments, than reductions
Existing positions increased: 50 | Existing positions reduced: 32
6% less funds holding
Funds holding: 131 [Q1] → 123 (-8) [Q2]
7.54% less ownership
Funds ownership: 29.05% [Q1] → 21.51% (-7.54%) [Q2]
23% less capital invested
Capital invested by funds: $286M [Q1] → $221M (-$65.3M) [Q2]
31% less first-time investments, than exits
New positions opened: 18 | Existing positions closed: 26
50% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 1 (-1) [Q2]
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $261K
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
4 analyst ratings
|
JMP Securities
Brian McKenna
|
$11
|
Market Outperform
Reiterated
|
3 Sep 2025 |
|
Keefe, Bruyette & Woods
Paul Johnson
|
$10.5
|
Market Perform
Maintained
|
13 Aug 2025 |
|
UBS
Vilas Abraham
|
$10.75
|
Neutral
Maintained
|
16 Jul 2025 |
|
JMP Securities
Matthew Condon
|
$11
|
Market Outperform
Maintained
|
24 Jun 2025 |
Financial journalist opinion
Based on 3 articles about PFLT published over the past 30 days
