PennantPark Floating Rate/$PFLT

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About PennantPark Floating Rate

PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate both current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generates revenue in the form of interest income on the debt securities and dividends.
Ticker
$PFLT
Sector
Finance
Primary listing
NYSE
Employees
-
Headquarters
Miami Beach, United States
Website
pflt.pennantpark.com

PFLT Metrics

BasicAdvanced
$694M
13.80
$0.51
0.76
$1.17
13.73%

Bulls say / Bears say

For Q2 ended March 31, 2026, net investment income rose to $25.8 million (or $0.26 per share), up 2.9% year-over-year, and for Q3 ended June 30, 2026, net investment income remained strong at $25.9 million (or $0.26 per share), underscoring stable earnings generation from its floating rate loan portfolio. (MarketScreener) (MarketScreener)
As of June 30, 2026, non-accruals accounted for just 1.0% of the portfolio on a cost basis and 0.4% on a fair value basis, demonstrating strong credit quality among middle-market borrowers. (PennantPark)
The company fully repaid its 2026 Notes on April 1, 2026, reduced its annualized weighted average cost of debt to 6.1%, and maintained $439.7 million of unused borrowing capacity under its credit facility, bolstering liquidity and lowering financing expenses. (PennantPark)
Net asset value per share decreased 3.3% year-over-year to $10.47 and slipped 0.2% quarter-over-quarter, while portfolio fair value contracted from $2.773 billion to $2.580 billion, reflecting mark-to-market headwinds. (PennantPark)
Net unrealized depreciation increased to $122.8 million as of June 30, 2026, up from $46.1 million at September 30, 2025, underscoring elevated portfolio valuation volatility. (PennantPark)
In July 2026, the board reduced the base dividend to $0.08 per share and shifted to a variable supplemental dividend structure, signaling constrained distributable earnings and potential pressure on shareholder returns. (PennantPark)
Data summarised monthly by Lightyear AI. Last updated on 6 Sept 2026.

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