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NYSE: PFLT
Pennantpark Floating Rate Capital Ltd Stock

$11.26+0.04 (+0.36%)
Updated May 23, 2024
PFLT Price
$11.26
Fair Value Price
N/A
Market Cap
$751.36M
52 Week Low
$9.69
52 Week High
$12.63
P/E
7.31x
P/B
1.04x
P/S
4.5x
PEG
0.32x
Dividend Yield
10.92%
Revenue
$155.77M
Earnings
$87.22M
Gross Margin
80.2%
Operating Margin
83.71%
Profit Margin
56%
Debt to Equity
1.24
Operating Cash Flow
-$232M
Beta
0.87
Next Earnings
N/A
Ex-Dividend
May 14, 2024
Next Dividend
Jun 3, 2024

PFLT Overview

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.

Zen Score

Industry Average (32)
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Due Diligence Checks

PFLT ($11.26) is trading below its intrinsic value of $20.61, according to an updated version of Benjamin Graham's Formula from Chapter 11 of "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
PFLT is good value based on its earnings relative to its share price (7.31x), compared to the US market average (31.54x)
P/E vs Market Valuation
PFLT is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
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PFLT News

Valuation

PFLT price to earnings (PE)

For valuing profitable companies with steady earnings
Company
7.31x
Industry
27.89x
Market
31.54x
PFLT is good value based... subscribe to Premium to read more.
P/E vs Industry Valuation
PFLT is good value based... subscribe to Premium to read more.
P/E vs Market Valuation

PFLT price to book (PB)

For valuing companies that are loss-making or have lots of physical asset
Company
1.04x
Industry
2.39x
PFLT is good value based... subscribe to Premium to read more.
P/B vs Industry Valuation

PFLT price to earnings growth (PEG)

For valuing profitable companies with growth potential
PFLT is good value based... subscribe to Premium to read more.
PEG Value Valuation

PFLT's financial health

Profit margin

Revenue
$44.4M
Net Income
$31.1M
Profit Margin
70.1%
PFLT's profit margin has increased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Assets
$1.6B
Liabilities
$895.1M
Debt to equity
1.24
PFLT's debt has increased relative... subscribe to Premium to read more.
Shrinking Debt Financials
PFLT's debt to equity ratio... subscribe to Premium to read more.
Healthy Debt to Equity Financials

Cash flow

Operating
-$172.6M
Investing
$0.0
Financing
$222.1M

PFLT vs Asset Management Stocks

TickerMarket Cap1d %P/EP/B
PFLT$751.36M+0.36%7.31x1.04x
TRIN$724.86M-0.48%8.83x1.16x
AC$721.87M-1.83%21.90x0.79x
BSIG$836.09M-0.58%13.34x-81.97x
CION$661.83M-1.59%5.08x0.77x

Pennantpark Floating Rate Capital Stock FAQ

What is Pennantpark Floating Rate Capital's quote symbol?

(NYSE: PFLT) Pennantpark Floating Rate Capital trades on the NYSE under the ticker symbol PFLT. Pennantpark Floating Rate Capital stock quotes can also be displayed as NYSE: PFLT.

If you're new to stock investing, here's how to buy Pennantpark Floating Rate Capital stock.

What is the 52 week high and low for Pennantpark Floating Rate Capital (NYSE: PFLT)?

(NYSE: PFLT) Pennantpark Floating Rate Capital's 52-week high was $12.63, and its 52-week low was $9.69. It is currently -10.85% from its 52-week high and 16.2% from its 52-week low.

How much is Pennantpark Floating Rate Capital stock worth today?

(NYSE: PFLT) Pennantpark Floating Rate Capital currently has 66,728,138 outstanding shares. With Pennantpark Floating Rate Capital stock trading at $11.26 per share, the total value of Pennantpark Floating Rate Capital stock (market capitalization) is $751.36M.

Pennantpark Floating Rate Capital stock was originally listed at a price of $13.40 in Apr 8, 2011. If you had invested in Pennantpark Floating Rate Capital stock at $13.40, your return over the last 13 years would have been -15.97%, for an annualized return of -1.33% (not including any dividends or dividend reinvestments).

How much is Pennantpark Floating Rate Capital's stock price per share?

(NYSE: PFLT) Pennantpark Floating Rate Capital stock price per share is $11.26 today (as of May 23, 2024).

What is Pennantpark Floating Rate Capital's Market Cap?

(NYSE: PFLT) Pennantpark Floating Rate Capital's market cap is $751.36M, as of May 24, 2024.

Market cap (market capitalization) is the total market value of a publicly traded company's outstanding shares.

Pennantpark Floating Rate Capital's market cap is calculated by multiplying PFLT's current stock price of $11.26 by PFLT's total outstanding shares of 66,728,138.
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