PennantPark Floating Rate Capital Ltd.
NYSE•PFLT
CEO: Mr. Arthur Howard Penn
Sector: Financial Services
Industry: Asset Management
Listing Date: 2011-04-08
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.
Contact Information
1691 Michigan Avenue, Suite 500, Miami Beach, FL, 33139, United States
212-905-1000
Market Cap
$803.66M
P/E (TTM)
23.3
0
Dividend Yield
15.2%
52W High
$11.46
52W Low
$7.92
52W Range
Rank45Top 56.8%
3.6
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q1 2026 Data
Revenue
$25.76M+0.00%
4-Quarter Trend
EPS
-$0.04+0.00%
4-Quarter Trend
FCF
$148.59M+0.00%
4-Quarter Trend
2026 Q1 Earnings Highlights
Key Highlights
Investment Income Rises Total investment income reached $70.09M, up 4.6% compared to $67.01M last year, driven by portfolio growth.
Credit Facility Paydown Credit Facility borrowings reduced $195.0M, down to $488.86M outstanding as of December 31, 2025.
PSSL II Commences Operations PSSL II began operations in November 2025; portfolio fair value reached $201.68M with 41 portfolio companies.
Risk Factors
Net Investment Income Decline Net investment income fell 11.1% to $26.64M from $29.97M due to increased interest expense and amendment costs.
Erosion of Net Assets Net assets decreased to $1.04B USD from $1.07B USD, reflecting $(30.22M) net realized/unrealized loss for the quarter.
NAV Per Share Decreases Net asset value per share declined $0.34 USD to $10.49 USD, impacted by negative operating results and unrealized depreciation.
Outlook
Credit Facility Maturity Extended Credit Facility maturity extended to August 2030 and revolving period ends August 2028 following recent amendments.
ATM Program Availability $192.2M of common stock remains available for sale under the At-The-Market offering programs as of period end.
Debt Cost Sensitivity Portfolio is 99% variable-rate; hypothetical 3% rate drop impacts net income by $(21.28M) annualized.
Peer Comparison
Revenue (TTM)
$370.24M
$243.85M
$239.20M
Gross Margin (Latest Quarter)
193.4%
156.7%
106.8%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| CSWC | $1.32B | 12.3 | 11.2% | 19.6% |
| MFIC | $951.70M | 14.9 | 6.0% | 1262.4% |
| KBDC | $950.02M | 10.4 | 8.2% | 48.8% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.1%
Flat Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
75%
Volatile Cash Flow
Deep Research
Next earnings:May 11, 2026
EPS:$0.28
|Revenue:$68.78M
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
|---|
No Data