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 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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PennantPark (PFLT) reachead $11.78 at the closing of the latest trading day, reflecting a -0.25% change compared to its last close.

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PennantPark Floating Rate Capital's stock price has recently surged, but I believe it is not sustainable. I predict that floating-rate-focused BDCs will struggle to generate positive net interest investment income and dividend growth in a falling-rate environment. I suggest selling PennantPark stock due to the current rate of price growth and the potential challenges ahead.

PennantPark Floating Rate Capital: Time To Sell This 10% Yielding BDC (Downgrade)

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MIAMI, Jan. 04, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the first fiscal quarter ended December 31, 2023 on Wednesday, February 7, 2024 after the close of the financial markets.

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

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PennantPark Floating Rate Capital is a conventional BDC focused on generating high-yielding income and NAV appreciation. PFLT has a conservative investment strategy, prioritizing capital preservation and strong cash flows from sponsor-backed companies. The portfolio consists mainly of first lien investments and has a diversified industry exposure, reducing exposure to speculative industries.

PFLT: This BDC Yields Above 10% Despite The Conservative Characteristics

PennantPark (PFLT) closed the most recent trading day at $11.85, moving +1.28% from the previous trading session.

PennantPark (PFLT) Surpasses Market Returns: Some Facts Worth Knowing

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Providing consumers and businesses with high-speed internet connections creates steadily growing cash flows for AT&T to share with investors. PennantPark Floating Rate Capital is a successful business development company that offers a huge 10.3% yield at recent prices.

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PennantPark Floating Rate Capital is a business development company that lends money to privately held companies. PennantPark has lagged behind the BDC industry in the past year and year-to-date but has outperformed them in the past month and quarter. PennantPark's portfolio consists of $1,067.2M, with 100% floating rate investments primarily in 1st lien secured debt.

PennantPark Floating Rate Capital: Strong Fiscal Q4 Earnings

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PennantPark Floating Rate Capital has seen its NAV per share continue to dip but has maintained strong portfolio quality. PFLT has been deleveraging heavily with its debt-to-equity ratio at a more than 5-year low as repayments continue to run ahead of new investments. The BDC currently pays out 96% of its net investment income as a quarterly dividend to limit the scope of a near-term dividend raise.

PennantPark Floating Rate: Will There Be Another Dividend Raise?

PennantPark Floating Rate Capital (NYSE:PFLT ) Q4 2023 Earnings Conference Call November 16, 2023 9:00 AM ET Company Participants Art Penn - Founder, Chairman & CEO Richard Allorto - CFO Conference Call Participants Ryan Lynch - KBW Mickey Schleien - Ladenburg Maxwell Fritscher - Truist Securities Operator Good morning, and welcome to the PennantPark Floating Rate Capital's Fourth Fiscal Quarter 2023 Earnings Conference Call. Today's conference is being recorded.

PennantPark Floating Rate Capital (PFLT) Q4 2023 Earnings Call Transcript

News for PennantPark Floating Rate Capital ETF (PFLT)