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 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 generate revenue in the form of interest income on the debt securities and dividends.

Ticker

$PFLT
Sector

Primary listing

NYSE

Employees

-

PFLT Metrics

BasicAdvanced
$1B
12.64
$0.81
0.96
$1.23
11.98%

Bulls say / Bears say

PFLT amended its revolving credit facility, reducing the spread to SOFR+200 bps from SOFR+225 bps, while extending the reinvestment period to August 2028 and maturity to August 2030, lowering financing costs and enhancing flexibility (Nasdaq)
The company upsized its credit facility from $350 million to $375 million, increasing available liquidity to support further investments in its middle-market loan portfolio (Reuters)
PFLT’s portfolio maintained a high weighted average yield of 10.5% on its floating-rate debt investments as of March 31, 2025, underpinning robust current income in a rising rate environment (GlobeNewswire)
SunTrust Robinson cut its price target on PFLT to $9 from $13, reflecting diminished analyst confidence in the stock’s upside potential (Reuters)
PFLT’s net asset value per share fell 2.4% quarter-over-quarter to $11.07 as of March 31, 2025, driven by $61.2 million of net unrealized depreciation, indicating mark-to-market headwinds in its portfolio (GlobeNewswire)
The number of portfolio companies on non-accrual rose to four from two in the prior quarter—representing 2.2% of the portfolio at cost—signaling potential asset quality pressure (GlobeNewswire)
Data summarised monthly by Lightyear AI. Last updated on 1 Sept 2025.
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Real-time US market data is sourced from the IEX order book provided by Polygon. After-hours US market data is 15 minutes delayed and may differ significantly from the actual tradable price at market open.

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Sept2
PennantPark Floating Rate
Dividend·Payment
$0.1025Per share
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