PennantPark Floating Rate Capital Ltd.
Recent
price
P/E
ratio
div
yld
18.34%
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.
Company News
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2026 Results
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
5 Stocks Under $10 to Buy Now for Immediate Monthly Cash Flow
Capital Southwest Vs PennantPark Floating Rate: U.S. Middle-Market Lending Faces Surging Treasury Rates
PennantPark Floating Rate Capital: Stable Asset Quality And Opportunities In PFLA
The Fed's Next Move Could Awaken These Big BDC Dividends
The Party Is Over For These 3 Former BDC Dividend Darlings
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Reset of $316.7 Million Securitization, Substantially Reducing Borrowing Costs
PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Given Average Rating of “Moderate Buy” by Brokerages
PennantPark vs. PennantPark Floating Rate: Which BDC Pays Income Investors Better?
I've More Than Tripled My Stake in This Historically Cheap, High-Octane Dividend Stock That's Yielding 13.2%
PennantPark Floating Rate Capital: Better Dividend Coverage But Same Problems
PennantPark Floating Rate Capital (PFLT) Q3 2026 Earnings Call Transcript
PennantPark Floating Rate Capital Q3 Earnings Call Highlights
PennantPark (PFLT) Lags Q3 Earnings and Revenue Estimates
July Income Rising - 1 Raise And 4 Business Development Company Cuts
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
5 Monthly Dividend Stocks Paying Up To 18.2%
2 BDCs To Sell Before They Slash Their Dividends