PennantPark Floating Rate Capital Ltd.
PFLA
New York Stock Exchange24.88
USD
- -
- -
PennantPark Floating Rate Capital Ltd.
PFLA
(New York Stock Exchange)
Recent
price
24.88
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed business development company (BDC) that primarily invests in floating rate loans and other debt instruments issued to U.S. middle-market companies, with the objective of generating current income and capital appreciation while preserving capital. The company concentrates its portfolio in floating-rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt, targeting attractive risk-adjusted returns through disciplined credit selection and risk management. PennantPark Floating Rate Capital Ltd. operates under the Investment Company Act of 1940, as amended, and seeks to provide shareholders with stable net investment income and potential for capital growth, leveraging its specialized knowledge of middle-market financing structures. Geographically, the company focuses its investments and operations in the United States, emphasizing opportunities within the core middle-market segment. The firm manages risk through a disciplined investment process, extensive due diligence, and ongoing portfolio monitoring, aiming to balance income generation with capital preservation. The company is headquartered in Miami, Florida, and is listed on the New York Stock Exchange under the ticker PFLT. Founding year and organizational structure place the company within the asset-management ecosystem as a specialized lender to U.S. middle-market borrowers. Key product and service offerings include: floating rate senior secured loans and related debt investments to U.S. middle-market companies; ongoing portfolio management and credit monitoring; income generation through interest income and potential capital appreciation via loan repayments and restructurings; periodic reporting to investors including quarterly and annual financial results; and shareholder engagement through investor relations activities. The company’s product portfolio is complemented by its structure as an externally managed entity, with PennantPark Asset Management LLC providing management services and ongoing strategic oversight to support investment activities and capital allocation. Recent developments include updated financial results and disclosures reflecting performance through the latest fiscal year, including explanations of portfolio credit performance, diversification, and liquidity considerations; any newly established or expanded financing facilities or partnerships intended to support portfolio growth and enhanced liquidity; and ongoing updates to capital deployment plans aligned with market conditions and regulatory requirements. The firm maintains an emphasis on lower leverage and conservative risk controls, with attention to portfolio construction in the core middle-market segment, aiming to sustain stable net investment income and dividend support for shareholders.
Company News
The Party Is Over For These 3 Former BDC Dividend Darlings
2 BDCs To Sell Before They Slash Their Dividends