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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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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According to The Wall Street Journal, average 30-year mortgage rates have now surged to 7.1% and home sales for March, correspondingly, fell 4.3%, the largest drop since November 2022.

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PennantPark Floating Rate Capital has a consistent history of distributions and attractive returns, outperforming its sister company PNNT. PFLT focuses on first lien debt investments, offering more safety of principal compared to PNNT's more junior debt and equity investments. PFLT benefits from rising rates and increased spreads, and its dividend rate is unlikely to dip significantly, making it an attractive option for income investors.

Better Stock Than Its Sister: PennantPark Floating Rate Capital

MIAMI, April 03, 2024 (GLOBE NEWSWIRE) --  PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2024 on Wednesday, May 8, 2024 after the close of the financial markets.

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

Zacks.com users have recently been watching PennantPark (PFLT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Investors Heavily Search PennantPark Floating Rate Capital Ltd. (PFLT): Here is What You Need to Know

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PennantPark (PFLT) closed at $11.27 in the latest trading session, marking a +0.18% move from the prior day.

Why the Market Dipped But PennantPark (PFLT) Gained Today

In the latest trading session, PennantPark (PFLT) closed at $11.20, marking a +0.27% move from the previous day.

PennantPark (PFLT) Advances But Underperforms Market: Key Facts

PennantPark (PFLT) reachead $11.14 at the closing of the latest trading day, reflecting a -1.42% change compared to its last close.

PennantPark (PFLT) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Recently, Zacks.com users have been paying close attention to PennantPark (PFLT). This makes it worthwhile to examine what the stock has in store.

Here is What to Know Beyond Why PennantPark Floating Rate Capital Ltd. (PFLT) is a Trending Stock

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PennantPark (PFLT) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Is Trending Stock PennantPark Floating Rate Capital Ltd. (PFLT) a Buy Now?

Business development companies, or BDCs, have performed well in the last several years thanks to a higher rate environment, but the outlook may not be as favorable with potential rate cuts. PennantPark Floating Rate Capital is a diversified BDC that has shown a strong track record of avoiding losses and maintaining relative stability. PennantPark's NII generation may be negatively impacted by future rate cuts, but its dividend coverage is solid, and the current monthly dividend should be safe with some room for cuts.

PennantPark Floating Rate Capital: Generating High Monthly Income

MIAMI, Feb. 22, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it completed a $350.55 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized loan obligation (“CLO”).

PennantPark Floating Rate Capital Ltd. Completes CLO, Marking Continued Growth in PennantPark's CLO Platform

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PennantPark (PFLT) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Down -5.42% in 4 Weeks, Here's Why You Should You Buy the Dip in PennantPark (PFLT)

PennantPark (PFLT) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

PennantPark (PFLT) Upgraded to Buy: Here's What You Should Know

PennantPark Floating Rate Capital (PFLT) Q1 2024 Earnings Call Transcript

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Although the revenue and EPS for PennantPark (PFLT) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Compared to Estimates, PennantPark (PFLT) Q1 Earnings: A Look at Key Metrics

MIAMI, Feb. 07, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the first quarter ended December 31, 2023.

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2023

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PennantPark (PFLT) closed the most recent trading day at $11.22, moving -0.27% from the previous trading session.

PennantPark (PFLT) Stock Drops Despite Market Gains: Important Facts to Note

Many investors are seeking high-yielding stocks and bonds, leading to the popularity of ultra-high yield investments, which can have hidden risks. Business development companies are attractive due to high yields and often below 1X beta levels. PennantPark Floating Rate Capital, a popular BDC, has had solid returns but experienced a significant loss in 2020, highlighting the risks involved.

PennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks Rising

The latest trading day saw PennantPark (PFLT) settling at $11.25, representing a +0.45% change from its previous close.

PennantPark (PFLT) Increases Yet Falls Behind Market: What Investors Need to Know

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News for PennantPark Floating Rate Capital ETF (PFLT)