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PennantPark Floating Rate Capital Ltd./$PFLT

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About PennantPark Floating Rate Capital Ltd.

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
$675M
13.43
$0.51
0.80
$1.13
14.12%

What the Analysts think about PFLT

Analyst ratings (Buy, Hold, Sell) for PennantPark Floating Rate Capital Ltd. stock.
Analyst projections of the future price of PennantPark Floating Rate Capital Ltd. stock.

Bulls say / Bears say

PFLT’s portfolio is mostly senior secured first-lien loans and is spread across 159 companies; only 0.4% of investments were on non-accrual at fair value in June. That diversification and low level of missed interest payments provide some protection against losses. (Morningstar DBRS)
After resetting its payout, PFLT’s $0.26 of Q3 net investment income per share was above the roughly $0.25 quarterly run-rate at the new $0.0833 monthly distribution. The company said it would maintain that payout through December, improving near-term dividend cover. (PennantPark)
A reset of PFLT’s PSSL joint venture securitisation is expected to cut its weighted average borrowing spread from SOFR plus 2.31% to plus 1.82%, while extending the debt maturity to 2038. Lower funding costs could support returns from the joint venture. (PennantPark)
NAV fell 2% to $10.26 per share in the June quarter, while portfolio unrealised depreciation reached $122.8 million and four investments were on non-accrual. Further credit deterioration or markdowns could erode NAV further. (PennantPark)
Debt-to-equity was 1.56x, near the high end of PFLT’s target range, while $686 million of unfunded commitments exceeded cash and available revolving-credit capacity of about $551 million. The gap leaves liquidity more exposed if portfolio companies draw their commitments. (Morningstar DBRS)
Net investment income covered only 91% of distributions over the nine months to June, and PFLT cut its monthly base dividend from $0.1025 to $0.08. The reset reflects a weaker earnings cushion and reduced income for shareholders relying on the former payout. (Morningstar DBRS)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.

PFLT Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

PFLT Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise

PFLT News

AllArticlesVideos

The Fed's Next Move Could Awaken These Big BDC Dividends

Forbes2 months ago

Funds containing PFLT

Funds
Fund name
Fund size
$PFLT weighting
iShares Listed Private Equity$IDPE
$843M0.26%
iShares Listed Private Equity£IPRV
$843M0.26%
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