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Recap: PennantPark Floating Rate Q1 Earnings

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Shares of PennantPark Floating Rate (NASDAQ:PFLT) fell in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share fell 10.34% over the past year to $0.26, which missed the estimate of $0.27.

Revenue of $20,733,000 decreased by 15.85% from the same period last year, which missed the estimate of $21,720,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

View more earnings on PFLT

Revenue guidance hasn't been issued by the company for now.

Recent Stock Performance

52-week high: $12.67

52-week low: $3.34

Price action over last quarter: Up 15.96%

Company Overview

PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to a limited amount of capital available for such companies and the potential for rising interest rates.

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