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PennantPark Floating Rate Capital Ltd. (PFLT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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7.81-0.09 (-1.14%)
As of 2:03PM EDT. Market open.
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Double Moving Average Crossover

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Previous Close7.90
Open7.87
Bid7.78 x 1100
Ask7.81 x 1000
Day's Range7.77 - 7.96
52 Week Range3.34 - 12.67
Volume105,585
Avg. Volume171,286
Market Cap302.81M
Beta (5Y Monthly)1.74
PE Ratio (TTM)34.41
EPS (TTM)0.23
Earnings DateNov 18, 2020
Forward Dividend & Yield1.14 (14.43%)
Ex-Dividend DateOct 20, 2020
1y Target Est9.63
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-24% Est. Return
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  • GlobeNewswire

    PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2020 Results

    NEW YORK, Oct. 07, 2020 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE:PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2020 on Wednesday, November 18, 2020 after the close of the financial markets. The Company will also host a conference call at 10:00 a.m. (Eastern Time) on Thursday, November 19, 2020 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-free (888) 394-8218 approximately 5-10 minutes prior to the call. International callers should dial (323) 701-0225. All callers should reference conference ID 1987679 or PennantPark Floating Rate Capital Ltd. An archived replay of the call will be available through December 3, 2020 by calling toll-free (888) 203-1112. International callers please dial (719) 457-0820. For all phone replays, please reference conference ID 1987679.ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.ABOUT PENNANTPARK INVESTMENT ADVISERS, LLCPennantPark Investment Advisers, LLC is a leading middle market credit platform, which has approximately $3.6 billion of assets under management.  Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in New York and has offices in Chicago, Houston and Los Angeles.FORWARD-LOOKING STATEMENTSThis press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.CONTACT: Aviv Efrat PennantPark Floating Rate Capital Ltd. (212) 905-1000 www.pennantpark.com

  • GlobeNewswire

    PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.095 per Share

    NEW YORK, Oct. 02, 2020 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NASDAQ: PFLT) (TASE: PFLT) declares its monthly distribution for October 2020 of $0.095 per share, payable on November 2, 2020 to stockholders of record as of October 21, 2020. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.The specific tax characteristics of this distribution can be found on our website www.pennantpark.com.ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.ABOUT PENNANTPARK INVESTMENT ADVISERS, LLCPennantPark Investment Advisers, LLC is a leading middle market credit platform, which has approximately $3.6 billion of assets under management.  Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions.  PennantPark Investment Advisers, LLC is headquartered in New York and has offices in Chicago, Houston and Los Angeles.FORWARD-LOOKING STATEMENTSThis press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.CONTACT: Aviv Efrat PennantPark Floating Rate Capital Ltd. (212) 905-1000 www.pennantpark.com

  • PennantPark (PFLT) Q3 Earnings and Revenues Lag Estimates
    Zacks

    PennantPark (PFLT) Q3 Earnings and Revenues Lag Estimates

    PennantPark (PFLT) delivered earnings and revenue surprises of -7.14% and -10.59%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?