PennantPark Floating Rate Capital Ltd.
New York Stock ExchangeRecent
price
P/E
ratio
div
yld
- -
ROIC.AI
Capital Structure
•
in mil. unless spec.Working Capital
•
in mil. unless spec.Growth Rates
•
in mil. unless spec.Quarterly Revenue
•
in mil. unless spec.Quarterly Earnings Per Share
•
in mil. unless spec.Quarterly Dividends Per Share
•
in mil. unless spec.- Similar Companies
- Business
- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a publicly traded business development company and closed-end fund that primarily invests in floating rate loans and other debt and equity securities issued by U.S. middle-market companies, with a focus on senior secured first lien loans, second lien secured debt, mezzanine debt, and related equity instruments such as preferred stock, common stock, warrants, and options. The company targets private or thinly traded public companies with small market capitalizations, typically investing between $2 million and $50 million per position, and maintains a portfolio where at least 80% of managed assets comprise floating rate loans or similar variable-rate investments, with senior secured loans representing at least 65%. It serves middle-market borrowers across diverse industries, generating revenue through interest income, dividends, and capital appreciation while emphasizing directly originated, customized financing solutions like loans for refinancing, growth initiatives, and acquisitions. Founded in 2010 and headquartered in Miami, Florida, the company operates principally in the United States, with limited exposure to non-U.S. entities, and is externally managed by PennantPark Investment Advisers, LLC. PFLT employs a disciplined, value-oriented investment approach, sourcing opportunities through active origination, financial sponsors, and long-term relationships, while holding floating rate loans for three to ten years to capitalize on limited capital availability and rising interest rate environments. Recent developments include the acquisition of a approximately $250 million asset portfolio in September 2025 from TSO Puma SPV, LLC, an affiliate of Towerbrook Capital Partners, as part of winding down the PennantPark-TSO Senior Loan Fund, LP, which aligns with PFLT's existing holdings and is expected to add about two cents per share to quarterly net investment income. In August 2025, the company formed a new strategic joint venture with Hamilton Lane to invest in core middle-market senior secured loans, aiming to drive net investment income growth amid rising deal activity. These moves follow capital raises through at-the-market equity programs and debt financings, supporting portfolio expansion and full dividend coverage.
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
Down 54% From Its All-Time High, This Ultra-High-Yield Dividend Stock Under $30 Is a Screaming Buy Right Now
PennantPark Floating Rate Capital Ltd. Prices Public Offering of $100 Million 7.375% Notes due 2031
Top Monthly Paying BDCs For Durable Retirement Income
PennantPark Floating Rate Capital Q2 Earnings Call Highlights
PennantPark Floating Rate Capital: Lower Dividend May Improve Performance
Monthly-Paid Dividends, From 29 Ideal 'Safer' May Dogs
PennantPark Floating Rate Capital (PFLT) Q2 2026 Earnings Call Transcript
PennantPark (PFLT) Q2 Earnings and Revenues Lag Estimates
PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Second Quarter Ended March 31, 2026
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
Can PennantPark's First-Lien Loans Keep Funding Income Payments
30 Monthly-Paid Dividend Buys From April's Ideal Dogs
Is the Options Market Predicting a Spike in PennantPark Stock?
PennantPark's 14% yield is running on fumes as dividend coverage cracks
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2026 Results
20 BDCs And 13 Of Them Are Likely To Slash Their Dividends This Year
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
Bargain Alert: I Just Doubled My Position in a Monthly Dividend Stock Yielding 16%
Private Credit Chaos Has Made These 11%+ BDCs Even Cheaper