Pennantpark Floating Rate Capital Ltd Stock

$10.77+0.31 (+2.96%)
Updated Jun 1, 2023
PFLT Price
Fair Value Price
Market Cap
52 Week Low
52 Week High
Dividend Yield
Gross Margin
Operating Margin
Profit Margin
Debt to Equity
Operating Cash Flow
Next Earnings
Aug 1, 2023
Jun 14, 2023
Next Dividend
Jul 3, 2023

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 (29)
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Due Diligence Checks

PFLT is unprofitable, so we are unable to calculate its intrinsic value according to an updated version of Benjamin Graham's Formula from "The Intelligent Investor"
Below Benjamin Graham Formula Value Valuation
PFLT is good value based on its book value relative to its share price (0.97x), compared to the US Asset Management industry average (1.96x)
P/B vs Industry Valuation
PFLT is unprofitable, so we... subscribe to Premium to read more.
PEG Value Valuation
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PFLT price to earnings (PE)

For valuing profitable companies with steady earnings

PFLT price to book (PB)

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P/B vs Industry Valuation

PFLT's financial health

Profit margin

Net Income
Profit Margin
PFLT's Earnings (EBIT) of $24.30M... subscribe to Premium to read more.
Interest Coverage Financials
PFLT's profit margin has decreased... subscribe to Premium to read more.
Profit Margin Growth Financials

Assets to liabilities

Debt to equity
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Shrinking Debt Financials
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Healthy Debt to Equity Financials

Cash flow

PFLT's operating cash flow ($70.50M)... subscribe to Premium to read more.
Debt Coverage Financials

PFLT vs Asset Management Stocks

TickerMarket Cap1d %P/EP/B

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 $13.22, and its 52-week low was $8.84. It is currently -18.53% from its 52-week high and 21.83% from its 52-week low.

How much is Pennantpark Floating Rate Capital stock worth today?

(NYSE: PFLT) Pennantpark Floating Rate Capital currently has 49,731,815 outstanding shares. With Pennantpark Floating Rate Capital stock trading at $10.77 per share, the total value of Pennantpark Floating Rate Capital stock (market capitalization) is $535.61M.

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 12 years would have been -19.63%, for an annualized return of -1.8% (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 $10.77 today (as of Jun 1, 2023).

What is Pennantpark Floating Rate Capital's Market Cap?

(NYSE: PFLT) Pennantpark Floating Rate Capital's market cap is $535.61M, as of Jun 3, 2023.

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 $10.77 by PFLT's total outstanding shares of 49,731,815.
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