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Recap: PennantPark Floating Rate Q4 Earnings

Benzinga Insights
·1 min read

Shares of PennantPark Floating Rate (NASDAQ:PFLT) were flat in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were down 6.90% over the past year to $0.27, which beat the estimate of $0.26.

Revenue of $21,752,000 decreased by 8.92% year over year, which missed the estimate of $21,870,000.

Guidance

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

View more earnings on PFLT

PennantPark Floating Rate hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $12.67

Company's 52-week low was at $3.34

Price action over last quarter: Up 12.85%

Company Profile

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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