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 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
376% more call options, than puts
Call options by funds: $1M | Put options by funds: $211K
218% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 11
38% more repeat investments, than reductions
Existing positions increased: 40 | Existing positions reduced: 29
22% more funds holding
Funds holding: 103 [Q3] → 126 (+23) [Q4]
8% more capital invested
Capital invested by funds: $185M [Q3] → $199M (+$14.7M) [Q4]
0.09% more ownership
Funds ownership: 21.81% [Q3] → 21.9% (+0.09%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10.50
4%
upside
Avg. target
$10.75
6%
upside
High target
$11
9%
upside
2 analyst ratings
0 positive
0%
2 neutral
100%
0 negative
0%
UBS Vilas Abraham 0 / 0 met price target | 4%upside $10.50 | Neutral Maintained | 17 Apr 2025 |
Keefe, Bruyette & Woods Paul Johnson 59% 1-year accuracy 10 / 17 met price target | 9%upside $11 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 7 articles about PFLT published over the past 30 days
Positive
Seeking Alpha
16 hours ago
30 April Ideal "Safer" Monthly Paying Dividend Stocks And 80 Funds
Investing $1,000 in top-yielding MoPay stocks can yield significant returns, with estimated gains of 21.06% to 40.99% by April 2026. MoPay stocks are affordable but come with higher volatility and risk, making them suitable for investors seeking high yields despite potential market fluctuations. Analyst predictions for MoPay stocks are 60% accurate for top gainers, but caution is advised as accuracy on the degree of change is low.
Neutral
GlobeNewsWire
1 week ago
PennantPark Floating Rate Capital Ltd. Amends Credit Facility, Lowering Spread and Extending Maturity
MIAMI, April 22, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it amended its credit facility agreement led by Truist Bank (the “Credit Facility”).
Positive
Seeking Alpha
1 week ago
2 Durable Dividends At Bargain Prices
In the process of the market losing its optimism, there have been several cases, where the baby has been thrown out with the bathwater. Namely, we have now more interesting high-quality opportunities to consider, where the discounts have gone too far. In this article, I elaborate on two high-yielding and strong quality picks, which, in my view, trade at bargain-basement prices.
Neutral
GlobeNewsWire
2 weeks ago
PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes $301 Million Securitization, Marking Continued Growth in PennantPark's Middle Market Platform with Twelve CLOs Under Management
MIAMI, April 15, 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 12, LLC (“CLO 12”) has closed a four-year reinvestment period, twelve-year final maturity $301 million debt securitization in the form of a collateralized loan obligation (“CLO” or “Securitization”).
Positive
Zacks Investment Research
3 weeks ago
Best Income Stocks to Buy for April 8th
PFLT, SWDBY and DHT made it to the Zacks Rank #1 (Strong Buy) income stocks list on April 8, 2025.
Neutral
GlobeNewsWire
3 weeks ago
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2025 Results
MIAMI, April 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2025 on Monday, May 12, 2025 after the close of the financial markets.
Neutral
GlobeNewsWire
4 weeks ago
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, April 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for April 2025 of $0.1025 per share, payable on May 1, 2025 to stockholders of record as of April 15, 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
Seeking Alpha
1 month ago
PennantPark Floating Rate Capital: One Of The Highest Quality Picks In First-Lien BDC Segment
PennantPark Floating Rate Capital, PFLT, is a completely different BDC than its related arm PNNT. In my last piece that was issued in August 2024, I made it clear that the dividend is safe, even though the conclusion might be different seeing 103% coverage level. The recent financials confirm my thesis on many fronts.
Positive
The Motley Fool
1 month ago
Want $300 in Safe Monthly Dividend Income? Invest $35,125 Into the Following 3 Ultra-High-Yield Stocks.
For well over a century, Wall Street has been a wealth-building machine. Though there is no shortage of pathways to grow your wealth in the stock market, few strategies have proved more fruitful over long periods than buying and holding high-quality dividend stocks.
Positive
Zacks Investment Research
1 month ago
Best Income Stocks to Buy for March 21st
CION, PFLT and FHB made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 21, 2025.
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