PennantPark Floating Rate Capital Ltd. PFLT
- Market cap
- $698.5M
- P/E
- 13.7×
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Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 9.73 | 13.24 | 11.05 | 11.14 | 3.34 | 10.33 | 9.43 | 9.69 | 10.28 | 8.40 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 14.17 | 14.65 | 14.12 | 13.42 | 12.67 | 13.92 | 14.38 | 12.33 | 12.63 | 11.50 |
High Price
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| — | — | — | — | — | — | — | — | — | — | Employees | |||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 46 | 59 | 72 | 93 | 95 | 83 | 105 | 139 | 186 | 261 |
Revenue
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|||
| 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin
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| 33 | 36 | 33 | 11 | 18 | 57 | 3 | 39 | 92 | 66 |
EBT
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| 72.33% | 61.05% | 46.38% | 12.28% | 19.28% | 68.34% | 3.27% | 28.18% | 49.28% | 25.39% |
EBT Margin
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| 33 | 36 | 33 | 11 | 18 | 57 | 3 | 39 | 92 | 66 |
Net Income
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| (9) | 1 | (6) | 1 | 11 | (32) | 26 | 11 | (17) | 27 |
Depreciation
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| 1.73 | 1.97 | 1.89 | 2.40 | 2.46 | 2.13 | 2.57 | 2.74 | 2.84 | 2.83 |
Revenue/Sh
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| 1.25 | 1.20 | 0.87 | 0.29 | 0.47 | 1.46 | 0.08 | 0.77 | 1.40 | 0.72 |
Earnings/Sh
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|||
| (6.19) | (2.53) | (5.44) | (3.13) | (0.13) | 1.28 | (1.13) | 2.77 | (12.19) | (7.79) |
Cash Flow/Sh
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex/Sh
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| (6.19) | (2.53) | (5.44) | (3.13) | (0.13) | 1.28 | (1.13) | 2.77 | (12.19) | (7.79) |
Free CF/Sh
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| 14.06 | 15.12 | 13.99 | 12.97 | 12.31 | 12.66 | 12.84 | 12.86 | 13.35 | 11.61 |
Book Value/Sh
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|||
| 27 | 30 | 38 | 39 | 39 | 39 | 41 | 51 | 66 | 93 |
Shares
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| 10.58 | 12.13 | 15.23 | 40.00 | 17.96 | 8.76 | 106.67 | 14.90 | 8.09 | 12.12 |
PE Ratio
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| 7.64 | 7.40 | 6.95 | 4.84 | 3.43 | 6.00 | 3.74 | 3.81 | 4.08 | 3.15 |
PS Ratio
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| 0.94 | 0.96 | 0.94 | 0.89 | 0.69 | 1.01 | 0.75 | 0.81 | 0.87 | 0.77 |
PB Ratio
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| 7.01 | 7.09 | 5.95 | 6.57 | 5.18 | 8.12 | 5.39 | 4.71 | 6.43 | 6.15 |
EV/Sales
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| (1.96) | (5.50) | (2.06) | (5.03) | (100.10) | 13.48 | (12.21) | 4.67 | (1.49) | (2.23) |
EV/FCF
|
|||
| (165) | (77) | (208) | (121) | (5) | 50 | (47) | 141 | (801) | (721) |
Op' Cash Flow
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| — | — | — | — | — | — | — | — | — | — | Capex | |||
| (165) | (77) | (208) | (121) | (5) | 50 | (47) | 141 | (801) | (721) |
FCF
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| (223) | (267) | (465) | (357) | (385) | (399) | (406) | (184) | (555) | (790) |
Working Cap'
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| 232 | 257 | 468 | 224 | 225 | 225 | 226 | 227 | 549 | 908 |
Total Debt
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| 203 | 238 | 396 | 161 | 167 | 176 | 175 | 126 | 437 | 786 |
Net Debt
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| 376 | 458 | 536 | 503 | 477 | 491 | 527 | 654 | 877 | 1,075 |
Sh' Equity
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| 6.39% | 5.27% | 3.67% | 1.02% | 1.60% | 4.87% | 0.29% | 3.26% | 5.59% | 2.64% |
ROA
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| 2.95% | 3.00% | 2.08% | 4.28% | 4.21% | 3.72% | 4.33% | 5.41% | 3.70% | 3.60% |
ROIC
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| 8.94% | 8.71% | 6.74% | 2.20% | 3.76% | 11.68% | 0.68% | 6.65% | 12.00% | 6.80% |
ROE
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PennantPark Floating Rate Capital Ltd. peers in Asset Management
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| BCSF Bain Capital Specialty Finance, Inc. | $721.3M | 11.2× | Compare |
| MFIC MidCap Financial Investment Corporation | $731.1M | 0.0× | Compare |
| NMFC New Mountain Finance Corporation | $662.1M | 0.0× | Compare |
| ACGP Associated Capital Group, Inc. | $649.9M | 15.8× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| FDUS Fidus Investment Corporation | $759.2M | 9.2× | Compare |
| SLRC SLR Investment Corp. | $637.2M | 8.7× | Compare |
| CGBD Carlyle Secured Lending, Inc. | $767.2M | 22.1× | Compare |
| GAIN Gladstone Investment Corporation | $623.2M | 3.8× | Compare |
PennantPark Floating Rate Capital Ltd. (PFLT) key facts
- PennantPark Floating Rate Capital Ltd. (PFLT) is an Asset Management company in the Financial sector, listed on the New York Stock Exchange.
- PennantPark Floating Rate Capital Ltd.’s revenue for fiscal 2025 (year ended September 2025) was $261.4 million, up 40.3% from fiscal 2024.
- As of September 25, 2026, PFLT traded at $6.99, a market capitalization of $698.5 million.
- PennantPark Floating Rate Capital Ltd. pays an annual dividend of $1.23 per share, a yield of 10.8%.
- Return on equity was 6.80% and debt-to-equity 0.94.
PennantPark Floating Rate Capital Ltd. (PFLT) Latest News
31 Aug
PennantPark Floating Rate Capital Ltd.’s unconsolidated joint venture PennantPark Senior Secured Loan Fund I LLC reset its $316.7 million securitization, substantially reducing borrowing costs. Lower borrowing costs on $316.7 million securitization improve financial performance for PennantPark Floating Rate Capital Ltd.
11 Aug
PennantPark Floating Rate Capital Ltd. (PFLT) Q3 earnings call covered portfolio performance, net investment income, dividend declarations and forward outlook for the floating-rate lending business. Quarterly earnings metrics typically produce moderate short-term price movement without altering long-term company trajectory.
PennantPark Floating Rate Capital Ltd. discussed its Q3 2026 financial results, investment portfolio performance, net asset value, and distribution outlook during the earnings call. Earnings call provides quarterly results and guidance that can moderately shift investor sentiment and near-term stock performance for PFLT.
10 Aug
PennantPark Floating Rate Capital Ltd. (PFLT) missed Q3 earnings and revenue estimates. Missing quarterly estimates typically triggers negative short-term stock reaction and investor caution.
PennantPark Floating Rate Capital Ltd. released financial results for the third quarter ended June 30, 2026. Quarterly earnings releases supply performance metrics that shape near-term stock valuation and investor outlook.
14 May
PennantPark Floating Rate Capital Ltd. (PFLT) released Q2 earnings call highlights detailing financial results, portfolio performance, dividend declarations, and market outlook. Q2 earnings call highlights directly influence financial performance assessment and short-term investor sentiment for PFLT.
8 May
PennantPark Floating Rate Capital Ltd. (PFLT) released Q2 2026 earnings call transcript detailing quarterly financial results, investment portfolio updates, management discussion, and forward-looking guidance. Q2 2026 earnings transcript discloses key financial metrics and strategic insights directly influencing PFLT's valuation and market trajectory.
PennantPark Floating Rate Capital Ltd. (PFLT) Q2 2026 earnings call summary details quarterly financial results, portfolio performance, dividend declarations, and management's outlook on market conditions and investments. Q2 2026 earnings call summary discloses financial metrics, NAV changes, and guidance directly shaping PFLT's valuation and investor confidence.
7 May
PennantPark Floating Rate Capital Ltd. announced financial results for the second quarter ended March 31, 2026. Quarterly financial results directly influence stock price, investor sentiment, and assessments of future performance.
PennantPark Floating Rate Capital Ltd. (PFLT) Q2 earnings and revenues missed analyst estimates. Q2 earnings and revenue shortfalls highlight weaker financial results, moderately impacting investor sentiment and near-term performance.
4 May
PennantPark Floating Rate Capital Ltd. (PFLT) faces scrutiny over whether its portfolio of first-lien loans can sustain funding for ongoing income payments amid rising interest rates and portfolio performance concerns. Questions on first-lien loan performance directly challenge PFLT's dividend sustainability and financial stability.
23 Apr
Rate shifts create investment opportunities, positioning PennantPark Floating Rate Capital Ltd. (PFLT) favorably amid changing interest rate environment. Rate shifts benefit PFLT's floating rate investments, likely driving significant performance gains and investor interest.
13 Apr
PennantPark Floating Rate Capital Ltd. (PFLT)'s 14% dividend yield is unsustainable as coverage deteriorates sharply, signaling potential cuts and heightened risk. Cracking dividend coverage threatens PFLT's core yield appeal, likely triggering cuts that erode investor sentiment and stock performance.
26 Feb
PennantPark Floating Rate Capital Ltd. (PFLT) priced a public offering of $200 million 6.75% notes due 2029, upsized from $175 million, with proceeds to repay borrowings and for general corporate purposes. Issuing $200 million in notes at 6.75% provides significant new capital for investments and debt repayment, strengthening PFLT's leverage and growth potential.
24 Feb
PennantPark Floating Rate Capital Ltd. (PFLT) completed the reset of a $356.5 million securitization, substantially reducing borrowing costs. Resetting a $356.5 million securitization substantially lowers PFLT's borrowing costs, enhancing financial performance and investor appeal.
12 Feb
PennantPark Floating Rate Capital Ltd. (PFLT) is currently paying out 171% of its earnings in dividends, raising concerns about the sustainability of its payout policy. This excessive distribution could indicate financial strain and may lead to future cuts in dividends if earnings do not improve. Investors are advised to monitor the company's financial health closely as this situation could impact its long-term viability. The unsustainable dividend payout ratio poses a significant risk to the company's financial stability and investor confidence.
11 Feb
PennantPark Floating Rate Capital Ltd. reported its Q1 earnings, highlighting key financial metrics and performance indicators. The company discussed its investment strategy, portfolio composition, and outlook for the upcoming quarters. Management emphasized the importance of maintaining a diversified portfolio and adapting to market conditions. The earnings call also addressed challenges faced in the current economic environment and the company's approach to mitigating risks. The earnings call reveals insights into financial performance and strategic direction, which may moderately influence investor sentiment and market positioning.
10 Feb
PennantPark Floating Rate Capital Ltd. (PFLT) reported its latest earnings, highlighting key financial metrics and performance indicators. The company discussed its investment strategy, portfolio composition, and market outlook. Management provided insights into the challenges and opportunities within the floating rate loan market, emphasizing their commitment to generating shareholder value. The earnings call also addressed recent market trends and their potential impact on future operations. Moderate influence on financial performance and market sentiment is expected due to the company's strategic insights and market conditions discussed.
PennantPark Floating Rate Capital Ltd. reported its Q1 2026 earnings, highlighting key financial metrics and performance indicators. The company experienced fluctuations in net investment income and discussed its strategic focus on floating rate investments. Management provided insights into market conditions and future outlook, emphasizing the importance of maintaining a diversified portfolio. The earnings call also addressed shareholder concerns and outlined plans for upcoming quarters. Fluctuations in net investment income and strategic focus on floating rate investments may moderately influence financial performance.
9 Feb
PennantPark Floating Rate Capital Ltd. (PFLT) reported its Q1 earnings, which fell short of analysts' expectations. The company's financial performance was impacted by various factors, leading to a decline in net investment income. Despite the miss, management remains optimistic about future opportunities and strategies to enhance shareholder value. Earnings miss may affect investor sentiment and financial performance, but overall impact is expected to be limited.
PennantPark Floating Rate Capital Ltd. (PFLT) reported its fiscal Q1 earnings, showcasing a stable performance amid fluctuating market conditions. The company highlighted its focus on maintaining a diversified portfolio and managing risks effectively. Key financial metrics indicated a consistent income stream, with management expressing confidence in navigating future challenges. Overall, PFLT's strategic positioning and operational resilience were emphasized in the earnings snapshot. Earnings performance reflects moderately noticeable influence on financial stability and market sentiment.
PennantPark Floating Rate Capital Ltd. reported its financial results for the first quarter ended December 31, 2025. The company highlighted key metrics including net investment income, total assets, and portfolio performance. Management provided insights into market conditions and strategic initiatives aimed at enhancing shareholder value. The results reflect the company's ongoing commitment to maintaining a strong financial position amidst fluctuating interest rates and economic challenges. The financial results indicate moderate changes in performance that may influence investor sentiment and operational strategies.
5 Jan
PennantPark Floating Rate Capital Ltd. (PFLT) has announced a monthly distribution of $0.1025 per share. This distribution reflects the company's ongoing commitment to providing returns to its shareholders. The payment is scheduled for next month, further indicating PFLT's stable financial position and operational performance. The distribution announcement indicates stable financial performance, which may moderately influence investor sentiment.
4 Dec
Truist analyst has expressed a bullish outlook on PennantPark Floating Rate Capital Ltd. (PFLT), highlighting the company's strong performance and potential for growth in the floating rate loan market. The analyst's positive sentiment is based on favorable market conditions and PFLT's strategic positioning, which could lead to enhanced returns for investors. Analyst's bullish outlook indicates significant potential for future performance improvements and investor sentiment.
25 Nov
PennantPark Floating Rate Capital Ltd. (PFLT) reported its Q4 2025 earnings, highlighting strategic initiatives aimed at enhancing portfolio performance and addressing market challenges. The company emphasized its focus on maintaining a diversified investment strategy while navigating interest rate fluctuations. Key metrics showed resilience in financial performance, with management outlining plans for future growth and risk management. The earnings call provided insights into operational adjustments and market positioning, reflecting a proactive approach to evolving economic conditions. Significant strategic initiatives and market positioning efforts are expected to influence future performance.
24 Nov
PennantPark Floating Rate Capital Ltd. (PFLT) reported its Q4 earnings, highlighting key financial metrics that reflect the company's performance. The results indicate a stable income generation and a focus on maintaining a strong portfolio amidst market fluctuations. Investors are keenly observing these metrics to gauge future growth potential and overall market positioning. Earnings results may moderately influence investor sentiment and financial performance but are balanced by other market factors.
PennantPark Floating Rate Capital Ltd. (PFLT) reported its fourth-quarter earnings, meeting analysts' estimates. The company continues to focus on its floating rate investment strategy, which is designed to provide protection against rising interest rates. PFLT's performance reflects its commitment to maintaining a diversified portfolio while navigating market challenges. Investors are encouraged by the results, which indicate stability in the company's operations and financial health. Earnings meeting estimates suggests stable performance but does not indicate significant changes in market dynamics or competitive positioning.
PennantPark Floating Rate Capital Ltd. (PFLT) reported its fiscal Q4 earnings, highlighting key financial metrics and performance indicators. The company demonstrated resilience in its portfolio management, with a focus on floating rate investments. Earnings per share and net asset value were discussed, reflecting the impact of market conditions on the company's operations. Management provided insights into future strategies and market outlook, emphasizing the importance of maintaining a diversified investment approach amidst economic fluctuations. Earnings performance and strategic insights may moderately influence investor sentiment and financial positioning.
PennantPark Floating Rate Capital Ltd. reported its financial results for the fourth quarter and fiscal year ending September 30, 2025. The company highlighted key metrics, including revenue growth and net income figures, reflecting its performance in a challenging market environment. Management provided insights into strategic initiatives and outlook for the upcoming year, emphasizing a focus on maintaining a strong portfolio and navigating interest rate fluctuations. The financial results indicate moderate performance changes that may influence investor sentiment and operational strategies.
4 Nov
PennantPark Floating Rate Capital Ltd. (PFLT) has announced a monthly distribution of $0.1025 per share. This distribution reflects the company's ongoing commitment to providing returns to its shareholders. The payment is scheduled for next month, further emphasizing PFLT's focus on maintaining consistent shareholder value. The monthly distribution indicates a stable financial position, which may positively influence investor sentiment but is not expected to significantly alter the company's overall trajectory.