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
0
Analysts bullish %
of 4 analysts
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
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$10.50
3%
upside
Avg. target
$11
8%
upside
High target
$11.50
12%
upside
4 analyst ratings
2 positive
50%
2 neutral
50%
0 negative
0%
Maxim Group Michael Diana 50% 1-year accuracy 4 / 8 met price target | 12%upside $11.50 | Buy Maintained | 14 May 2025 |
Truist Securities Mark Hughes 60% 1-year accuracy 30 / 50 met price target | 8%upside $11 | Buy Maintained | 14 May 2025 |
UBS Vilas Abraham 0 / 0 met price target | 3%upside $10.50 | Neutral Maintained | 17 Apr 2025 |
Keefe, Bruyette & Woods Paul Johnson 75% 1-year accuracy 12 / 16 met price target | 8%upside $11 | Market Perform Maintained | 8 Apr 2025 |
Financial journalist opinion
Based on 10 articles about PFLT published over the past 30 days
Positive
Seeking Alpha
2 days 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
3 days 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
3 days 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
4 days 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.
Neutral
GlobeNewsWire
4 days ago
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Second Quarter Ended March 31, 2025
MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the second quarter ended March 31, 2025.
Neutral
GlobeNewsWire
2 weeks ago
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, May 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for May 2025 of $0.1025 per share, payable on June 2, 2025 to stockholders of record as of May 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
The Motley Fool
2 weeks ago
3 No-Brainer Ultra-High-Yield Dividend Stocks That Are Begging to Be Bought in May
Though there are countless strategies to grow your wealth on Wall Street, few have proved as successful over the long run as buying and holding high-quality dividend stocks.
Positive
Seeking Alpha
2 weeks 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
3 weeks 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
3 weeks 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.
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