PennantPark Floating Rate CapitalPFLT
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.
0
Funds holding %
of 7,296 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
170% more repeat investments, than reductions
Existing positions increased: 54 | Existing positions reduced: 20
100% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2024] → 2 (+1) [Q1 2025]
50% more call options, than puts
Call options by funds: $412K | Put options by funds: $274K
43% more capital invested
Capital invested by funds: $200M [Q4 2024] → $286M (+$86.4M) [Q1 2025]
27% more first-time investments, than exits
New positions opened: 28 | Existing positions closed: 22
7.12% more ownership
Funds ownership: 21.93% [Q4 2024] → 29.05% (+7.12%) [Q1 2025]
4% more funds holding
Funds holding: 126 [Q4 2024] → 131 (+5) [Q1 2025]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10.50
1%
upside
Avg. target
$11
6%
upside
High target
$11.50
10%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Maxim Group Michael Diana | 10%upside $11.50 | Buy Maintained | 14 May 2025 |
Truist Securities Mark Hughes | 6%upside $11 | Buy Maintained | 14 May 2025 |
UBS Vilas Abraham | 1%upside $10.50 | Neutral Maintained | 17 Apr 2025 |
Keefe, Bruyette & Woods Paul Johnson | 6%upside $11 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 6 articles about PFLT published over the past 30 days
Positive
24/7 Wall Street
2 days ago
These 5 Monthly ETFs Yield Over 9% — and No One Talks About Them
Business development companies and real estate investment trusts dominate high-yield monthly payers, benefiting from high interest rates in 2025, though economic downturns pose challenges.
Positive
24/7 Wall Street
5 days ago
The Fed Could Cut Rates in September: 3 Ultra-High-Yield Dividend Stocks Could Explode Higher
The rate cut likely would be 25 basis points, or 1/4 of 1%. Are ultra-high-yield stocks a good fit for your portfolio in front of potential rate cuts?
Neutral
GlobeNewsWire
1 week ago
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for June 2025 of $0.1025 per share, payable on July 1, 2025 to stockholders of record as of June 16, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.
Positive
The Motley Fool
1 week ago
3 Safe Ultra-High-Yield Dividend Stocks -- Sporting an Average Yield of 11.35% -- That Make for No-Brainer Buys in June
There are a lot of strategies investors can employ on Wall Street to grow their wealth. With thousands of publicly traded companies and more than 3,000 exchange-traded funds (ETFs) to choose from, there's bound to be one or more securities that can help you meet your investment goals.
Neutral
GlobeNewsWire
3 weeks ago
PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Reset of its $315.8 Million Securitization, Lowering the Cost of Financing
MIAMI BEACH, Fla., May 22, 2025 (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 wholly-owned and consolidated subsidiary, PennantPark CLO VI, LLC (“CLO VI”) has closed the reset of a four-year reinvestment period, twelve-year final maturity $315.8 million debt securitization.
Negative
Seeking Alpha
4 weeks ago
PennantPark Floating Rate Capital: Weak Q2 Earnings Warrants Caution (Rating Downgrade)
I am downgrading PFLT due to rising non-accruals, weaker earnings, increased debt, and questionable dividend coverage amid sector-wide headwinds. Despite trading at a discount to NAV and offering a high yield, I am cautious as portfolio quality and underwriting standards face pressure in a competitive environment. Q2 earnings missed expectations, with net investment income below the dividend payout, raising concerns about sustainability, though liquidity remains strong.
Positive
Seeking Alpha
1 month ago
PennantPark Floating Rate Capital: Sustainable High-Yield Case In A Volatile Environment
PFLT's share price has declined by almost 8% on a YTD basis. The Q1 2025 net investment figure has dropped below what is needed to cover the base dividend. The question is whether the share price drop has been justified and, more importantly, whether PFTL could still be considered a sustainable high-yield value play.
Neutral
Seeking Alpha
1 month ago
PennantPark Floating Rate Capital (PFLT) Q2 2025 Earnings Call Transcript
PennantPark Floating Rate Capital (NYSE:PFLT ) Q2 2025 Results Conference Call May 13, 2025 9:00 AM ET Company Participants Art Penn - Chairman and Chief Executive Officer Richard Allorto - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Mark Hughes - Truist Mickey Schleien - Ladenburg Doug Harter - UBS Operator Good morning, and welcome to the PennantPark Floating Rate Capital Second Fiscal Quarter 2025 Earnings Conference Call. Today's conference is being recorded.
Neutral
Zacks Investment Research
1 month ago
PennantPark (PFLT) Reports Q2 Earnings: What Key Metrics Have to Say
While the top- and bottom-line numbers for PennantPark (PFLT) give a sense of how the business performed in the quarter ended March 2025, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Negative
Zacks Investment Research
1 month ago
PennantPark (PFLT) Q2 Earnings and Revenues Miss Estimates
PennantPark (PFLT) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.31 per share a year ago.
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