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PennantPark Floating Rate Capital Ltd. (PFLT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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8.26-0.11 (-1.31%)
At close: 4:00PM EDT
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  • B
    Barton
    Greetings Longs, I am just thinking out loud here, but I am buying a few shares each month. I do not think the current payout of $0.095/month is sustainable. I am buying the shares with the thought that worse case I will be earning $0.07/month which at current market price is about a 10% yield. PFLT only earned $0.26/share last quarter and with yields being compressed on their mostly adjustable rate loans it will mean less earnings each month. If they cut, and the payout is comfortably under earnings, then I will more aggressively add shares.

    What are your thoughts on PFLT?
  • J
    Jean
    Worried that management investment screening is failing again with more companies on non-performance. Thought we were over this. This team has not shown the level of adaptation and nimbleness needed in these pandemic times. They need to tighten expenses a lot more now
  • D
    Dragon
    got dividend today, just need more.
  • B
    Bill
    Looking to buy. Own tpvg, htgc, fdus now.
    Question ,can not find answer w/o calling them.
    Is there any spillover dividend per share you know.
    Fdus has for example $1.02 in spillover they will distribute to shareholders

    Thanks
  • D
    Dragon
    monthly dividend? good deal
  • F
    Foodude
    Headlines have been misleading. PFLT pays its dividend based on its Net Investment Income (NII), which was 30 cents for the quarter. It pays 28.5 cents per quarter dividend. The NII was up 2 Cents this quarter. It was 28 cents last quarter. It did have a drop in its Net Asset Value (NAV) due to non-cash flow write-offs (primarily depreciation). The NAV is now $13.24. Their invested funds have been growing substantially. I see no logical reason to be concerned about a dividend cut when their NII is actually increasing. Seems to me there's a lot of "Fake News" out there. I bought a substantial number of shares today. I've owned PFLT for over 8 years.
  • G
    Geezer31
    Question - all of PFLT's loans are floating rate loans. All of PFLT's debt I assume is fixed rate debt. So since the Feb has lowered interest rates to zero, the interest income PFLT receives on all it's loans will decline by some amount, maybe 1.5%? And the payments PFLT must make on its debt will stay fixed until PFLT can refinance their borrowings to a new lower rate. Doesn't the reduction in interest rates by the Fed mean that PFLT's interest income will decline, while PFLT's interest payments will stay the same as before, so the rate cut is a disaster for PFLT? No?
  • M
    Melross
    I'm happy to have a chance to pick up more shares - it's been a good investment for me in the past few years...
  • J
    Jean
    I've owned this stock since 2013. Well managed. Panic pricing gives us a great opportunity to own a good
    company for the long term at unbelievable prices. Whether or not this is the bottom is a don't care since
    I'm not selling and buying on these dips to lower my breakeven price on the recovery
  • J
    Jean
    Just read management comments re quarterly results. Problem is that this management seems to have a convenient excuse for there underperformance. We suffered through a protracted merger with MCG to what result. Not a farthing for the shareholders. But management is getting higher fees due to the larger asset base. It appears that margins are being squeezed and management is again promising better days ahead. And the dividend is not being earned and NAV is lower. The market is speaking and the assessment is management needs to be changed
  • A
    Augustine
    Not sure how they manged to half the negative UNII, but NII YoY is -26%. I'm still not buying.
  • b
    brogers611
    Earnings released yesterday.....market did not like them missing estimate.
  • K
    Kevin
    Anybody else not seeing their dividend check for 9/4/2018?
  • C
    CaptTurbo
    I already hold too much of this but had to place a low-ball bid for more at 9.00 since they are screaming The Sky Is Falling! as loud as they can to frighten the masses.
  • R
    Richard
    Will have duel listing now. Should help with volume and increase SP.
  • k
    kenm
    DIVIDEND IS WHAT???
  • J
    Jean
    Management performance in creating shareholder value continues to be unimpressive. It is time for some changes at the top. We suffered through the MCG merger and what did this do for shareholders:NOTHING. The only thing that going to move the stock is to change the management and the Board. No dividend increases but the management takes a bigger cut out our pockets for growing the asset base. Horrible
  • C
    Chi
    $PFLT KATZ SAMUEL L, Director of PennantPark Floating Rate Capital Ltd. bought 15000 shares on 2020-06-10. https://formwhispers.com/s?t=PFLT
    FormWhispers - Trading Ideas from Insiders PennantPark Floating Rate Capital Ltd. PFLT.
    FormWhispers - Trading Ideas from Insiders PennantPark Floating Rate Capital Ltd. PFLT.
    formwhispers.com
  • N
    Nick_In_Message
    Great News. Continues to exceed forecasts
  • G
    Grey Eagle
    Yahoo admin - PFLT pays a monthly dividend - How come the new format show N/A for dividend and yield?