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

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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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PennantPark Floating Rate Capital (NYSE:PFLT ) Q3 2024 Earnings Conference Call August 8, 2024 9:00 AM ET Corporate Participants Arthur Penn - Founder, Chairman and Chief Executive Officer Richard Allorto - Chief Financial Officer Conference Call Participants Brian McKenna - Citizens JMP Doug Harter - UBS Maxwell Fritscher - Truist Securities Operator Good morning and welcome to the PennantPark Floating Rate Capital's Third Fiscal Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

PennantPark Floating Rate Capital (PFLT) Q3 2024 Earnings Call Transcript

PennantPark (PFLT) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.36 per share a year ago.

PennantPark (PFLT) Lags Q3 Earnings Estimates

MIAMI, Aug. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the third quarter ended June 30, 2024.

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended June 30, 2024

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MIAMI, July 26, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark CLO I, Ltd (“CLO I”), a wholly-owned and consolidated subsidiary of the Company, has closed the refinancing and upsize of a four-year reinvestment period, twelve-year final maturity $351.0 million debt securitization in the form of a collateralized loan obligation (“CLO”).

PennantPark Floating Rate Capital Ltd Completes the Reset and Upsize of its $351.0 Million CLO I

PennantPark Floating Rate Capital operates as a business development company focusing on strategic debt investments in middle market companies. PFLT's consistent performance is supported by a diverse portfolio of 146 companies with EBITDA between $10M and $50M. The diverse and well-managed risk approach helps the BDC thrive. Anticipation of interest rate cuts may impact net investment income in the short term but could lead to faster growth opportunities for PFLT's portfolio in the long run.

PennantPark Floating Rate Capital: Abundance Of Cash That Will Fuel Growth Opportunities

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Bristol-Myers

Bristol Myers Squibb's earnings outlook revision was disturbing but hardly a reason to avoid the Big Pharma stock. With a yield above 10%, PennantPark Floating Rate Capital is hard for income-seeking investors to ignore.

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MIAMI, July 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the third fiscal quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of the financial markets.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Third Fiscal Quarter 2024 Results

AT&T

AT&T's dividend hasn't risen in a while due to a heavy debt load, but there could be plenty of progress in the years ahead. With a dividend yield above 10% at recent prices, PennantPark Floating Rate Capital can produce market-beating gains by holding its monthly payment steady over the long run.

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MIAMI, June 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that as result of expanded lender partner relationships, it has upsized its credit facility, led by Truist Bank (the “Credit Facility”) to $611 million from $436 million. Pricing on this facility remained unchanged at SOFR plus 236 basis points.

PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $611 Million

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Most stocks pay dividends quarterly, so monthly pay is enormous for many needing passive income. These stocks could explode higher when interest rates finally come down.

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PennantPark Floating Rate Capital is a BDC trading at a small discount to its NAV, making it an attractive investment in comparison to many of its peers. PFLT reported strong earnings with impressive revenue growth and low non-accruals in its portfolio, a testament to its portfolio quality. The company has a solid balance sheet and tight dividend coverage, but potential for dividend increases in the future with growth in their JV portfolio.

PennantPark Floating Rate Capital: A Solid 10.8% Yielding BDC Trading At A Discount

MIAMI, May 21, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO II, Ltd (“CLO II”) has closed the refinancing of a four-year reinvestment period, twelve-year final maturity $300.7 million debt securitization in the form of a collateralized loan obligation (“CLO”).

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes the Refinancing of $300.7 Million CLO, Marking Continued Support of PennantPark's Middle Market CLO Platform

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PennantPark Floating Rate Capital (NYSE:PFLT ) Q2 2024 Earnings Conference Call May 9, 2024 9:00 AM ET Company Participants Arthur Penn - Founder, Chairman and CEO Richard Allorto - CFO Conference Call Participants Brian McKenna - Citizens JMP Mark Hughes - Truist Vilas Abraham - UBS Operator Good morning and welcome to the PennantPark Floating Rate Capital's Second Fiscal Quarter 2024 Earnings Conference Call. Today's conference is being recorded.

PennantPark Floating Rate Capital (PFLT) Q2 2024 Earnings Call Transcript

PennantPark (PFLT) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.35 per share a year ago.

PennantPark (PFLT) Q2 Earnings Lag Estimates

MIAMI, May 08, 2024 (GLOBE NEWSWIRE) --  PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the second quarter ended March 31, 2024.

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2024

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PennantPark Floating Rate Capital provides an opportunity to collect a consistently high yield in this higher interest rate environment. Despite the fluctuation of interest rates over the last decade, the price of PFLT has remained in a consistent range and the distribution has never been cut. Although the price trades at a tiny premium to NAV, I believe entry here is ideal, as the price has consistently traded between $10-14 per share.

PennantPark Floating Rate Capital: A More Reliable Alternative To PNNT

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