PFLT logo

PENNANTPARK FLOATING RATE CA

PFLTNYSE
πŸ† #2526 by market capEarnings Nov 23US Equity
$7.49β–Ό $0.01 (βˆ’0.07%)
Live
1hβ–² 0.4%
24hβ–Ό 0.1%
7dβ–² 5.4%
14dβ–² 6.5%
30dβ–² 5.1%
1yβ–Ό 27.7%
🏦Market Cap
$743M
Small Cap
πŸ“ˆRevenue Growth (YoY)
+2.2%
Slowing
πŸ“ŠGross Margin
58.2%
Healthy
πŸ’΅FCF Margin
199.1%
Strong
βš–οΈP/S Ratio
4.7x
Fair
Otter Score
44
Weak

Trading Snapshot

Day Range
$7.44 – $7.59
52-Week Range
$6.83 – $10.52
Volume
$5.20B
Avg Volume
$4.80B
Shares Outstanding
99.2M
Next Earnings
Oct 24, 2026

Fundamentals Snapshot

Annual Revenue
$172M
Last Q Revenue
$29M
P/E Ratio
14.7
P/S Ratio
4.7x
EPS (TTM)
$0.51
Dividend Yield
15.92%

Why Investors Own PFLT

  • βœ“High-growth profile β€” revenue up +47.4% YoY with expanding US Equity exposure.
  • βœ“Healthy economics β€” 73% gross margin and 20% free-cash-flow margin.
  • βœ“New products and segments could unlock additional revenue streams.
⚠️ Key Risks

Execution delays, intensifying competition, and valuation compression if growth decelerates.

Financial Trends

Revenue (TTM)
$172Mβ–² +47.7% YoY
Gross Margin (TTM)
72.5%β–² +3.7% YoY
Operating Income (TTM)
$51Mβ–² +47.7% YoY
Free Cash Flow (TTM)
$33Mβ–² +47.7% YoY

About PENNANTPARK FLOATING RATE CA

PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.

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Otter Score Breakdown

β“˜
πŸ’ŽQualityβ˜…β˜…β˜…β˜…β˜…
πŸš€Growthβ˜…β˜…β˜…β˜…β˜…
βš–οΈValuationβ˜…β˜…β˜…β˜…β˜…
⚑Momentumβ˜…β˜…β˜…β˜…β˜…
Overall Score
Weak
44/100

Analyst Price Target

β“˜
Average Target
$8.27
β–² +10.4% Upside
High Target$9.46
Low Target$7.02
Based on 28 analysts

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