PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. It invests primarily in loans bearing a variable-rate of interest or floating rate loans, and other investments made to U.S. middle-market companies. The company was founded by Arthur Howard Penn on October 28, 2010 and is headquartered in New York, NY.

Earnings data Q2 2021

Earnings data Q3 2021

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Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

PennantPark Floating Rate Capital reports solid Q4 performance and growth

PennantPark Floating Rate Capital delivered solid performance in Q4 2024 with growth in core net investment income and portfolio size.
The company's focus on core middle market lending, balanced capital structure, and prudent risk management are key strengths.
While facing challenges such as tightening market yields and NAV decrease, there are opportunities to optimize returns and further diversify the portfolio.

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Imagine a stock or fund that paid out its dividends once a month! Instead of quarterly, semi-annually, or (ugh) annually, your anticipatory-angst waiting for money is reduced by 300% or more. The August U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include 1. Stocks by-yield (89); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >6.70% (80).

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PennantPark Floating Rate Capital Limited (PFLT) CEO Arthur Penn on Q3 2021 Results - Earnings Call Transcript

PennantPark (PFLT) delivered earnings and revenue surprises of -3.57% and -0.84%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

PennantPark (PFLT) Q3 Earnings and Revenues Lag Estimates

PFLT is a well-managed BDC with a low base management fee, and a relatively safe portfolio structure comprised primarily of first-lien debt.

PennantPark Floating Rate: This Overlooked Gem Is A Buy, Here's Why

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NEW YORK, July 01, 2021 (GLOBE NEWSWIRE) --  PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2021 on Wednesday, August 4, 2021 after the close of the financial markets.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2021 Results

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ETFs Are The Worst Way To Invest In This High-Yield Sector

NEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (“we,” “our,” “PFLT” or the “Company”) announced today that it has appointed Richard Cheung as its Chief Financial Officer and Treasurer, effective June 21, 2021.

PennantPark Floating Rate Capital Ltd. Appoints Richard Cheung as New Chief Financial Officer

PennantPark Floating Rate Capital Limited (PFLT) CEO Art Penn on Q2 2021 Results - Earnings Call Transcript

NEW YORK, May 05, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the second fiscal quarter ended March 31, 2021.

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2021

On Wednesday, May 05, PennantPark Floating Rate (NASDAQ:PFLT) will release its latest earnings report. Check out Benzinga's preview to understand the implications.

PennantPark Floating Rate's Earnings Outlook

Currently, PennantPark Floating Rate Capital is trading at $12.58, and for that reason, I believe PFLT is trading at its fair value. I also believe that PFLT's investment portfolio will decrease by $8 million in 2Q21, and I estimate that this could result in a NAVPS loss of $0.2060.

PennantPark Floating Rate Capital: Don't Count Your Chickens Before They Hatch

PennantPark (PFLT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate PennantPark (PFLT) to Report a Decline in Earnings: What to Look Out for

NEW YORK, April 08, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2021 on Wednesday, May 5, 2021 after the close of the financial markets.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2021 Results

NEW YORK, March 19, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced that it has priced an underwritten public offering of $100.0 million in aggregate principal amount of its 4.25% unsecured notes due 2026. The notes will mature on April 1, 2026 and may be redeemed in whole or in part at PennantPark Floating Rate Capital Ltd.'s option at any time at par plus a make-whole premium, if applicable, provided that the notes may be redeemed at par three months prior to their maturity. The offering is expected to close on March 23, 2021, subject to customary closing conditions.

PennantPark Floating Rate Capital Ltd. Prices Public Offering of $100.0 Million 4.25% Unsecured Notes Due 2026

PFLT has a defensive investment portfolio, and continues to see improvements to its NAV/share. Management has deleveraged the company, and non-accruals are minimal.

Why 9.7%-Yielding PennantPark Floating Rate Capital Remains A Buy

PennantPark Floating Rate Capital (PFLT) CEO Art Penn on Q1 2021Results - Earnings Call Transcript

PennantPark (PFLT) delivered earnings and revenue surprises of -3.70% and -4.50%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

PennantPark (PFLT) Lags Q1 Earnings and Revenue Estimates

NEW YORK, Feb. 09, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) (TASE: PFLT) announced today financial results for the first fiscal quarter ended December 31, 2020.

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended December 31, 2020

Earnings Preview: PennantPark (PFLT) Q1 Earnings Expected to Decline

NEW YORK, Jan. 28, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PFLT) (TASE: PFLT) today announced that PennantPark Senior Secured Loan Fund I, LLC, “PSSL”, through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO II, Ltd. has closed a three-year reinvestment period, eleven-year final maturity $300.7 million debt securitization in the form of a collateralized loan obligation (“CLO”). The debt issued in the CLO (the “Debt”) is structured in the following manner:

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I, LLC Completes $300.7 Million CLO

NEW YORK, Jan. 12, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2020 on Tuesday, February 9, 2021 after the close of the financial markets.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of First Fiscal Quarter 2021 Results

NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NASDAQ: PFLT) (TASE: PFLT) today announced that PennantPark Senior Secured Loan Fund I, LLC, “PSSL”, through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO II, Ltd. has priced a three-year reinvestment period, eleven-year final maturity $300.7 million debt securitization in the form of a collateralized loan obligation (“CLO”). The debt issued in the CLO (the “Debt”) is structured in the following manner:

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I, LLC Prices $300.7 Million CLO

PennantPark Investment

The BDC sector continues to deliver strong returns during the pandemic, including recently improved earnings, dividend coverage, and increased book values. This article discusses two stocks that I own and one of which I consider a 'Buy and Hold' that has provided excellent returns so far in 2020.

2 Dividend Stocks To Buy With Improving Book Values, Both From PennantPark

News for PennantPark Floating Rate Capital ETF (PFLT)