PennantPark Floating Rate Capital Ltd's fundamentals are relatively healthy, and its growth potential is high.Its valuation is considered fairly valued, ranking 16/28 in the Collective Investments industry.Institutional ownership is very high.Over the past month, multiple analysts have rated it as Buy, with the highest price target at 10.79.In the medium term, the stock price is expected to remain stable.Despite an average stock market performance over the past month, the company shows strong technicals.The stock price is trading sideways between the support and resistance levels, making it suitable for range-bound swing trading.
PennantPark Floating Rate Capital Ltd's Score
Industry at a Glance
Industry Ranking
16 / 28
Overall Ranking
235 / 4585
Industry
Collective Investments
Support & Resistance
Relevant data have not been disclosed by the company yet.
Score Analysis
Current score
Previous score
Analyst Rating
Based on
8
analysts
Buy
Current Rating
10.786
Target Price
+13.18%
Upside Space
Data disclaimer: Analyst ratings and target prices are provided by LSEG for informational purposes only and do not constitute investment advice.
PennantPark Floating Rate Capital Ltd Highlights
StrengthsRisks
PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. The investment objectives of the Company are to generate both current income and capital appreciation while seeking to preserve capital by investing primarily in floating rate loans, and other investments made to U.S. middle-market companies. The Company primarily invests private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. The Company may also invest in equity investments. Under normal market conditions, the Company generally expect that at least 80% of the value of its managed assets. The Company generally expect to invest up to 35% of its overall portfolio opportunistically in other types of investments, including second lien secured debt, subordinated debt, and, to a lesser extent, equity investments.
High Growth
The company's revenue has grown steadily over the past 3 years, averaging 98.58% year-on-year.
High Profit Growth
The company's net income leads the industry, with the latest annual income totaling USD 220.64M.
High Dividend
The company is a high dividend payer, with the latest dividend payout ratio of 171.62%.
Stable Dividend
The company has regularly paid dividends over the past 5 years, with the latest dividend payout ratio of 171.62%.
Undervalued
The company’s latest PB is 0.84, at a low 3-year percentile range.
Institutional Selling
The latest institutional holdings are 22.97M shares, decreasing 20.75% quarter-over-quarter.
PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. The investment objectives of the Company are to generate both current income and capital appreciation while seeking to preserve capital by investing primarily in floating rate loans, and other investments made to U.S. middle-market companies. The Company primarily invests private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. The Company may also invest in equity investments. Under normal market conditions, the Company generally expect that at least 80% of the value of its managed assets. The Company generally expect to invest up to 35% of its overall portfolio opportunistically in other types of investments, including second lien secured debt, subordinated debt, and, to a lesser extent, equity investments.
Ticker SymbolPFLT
CompanyPennantPark Floating Rate Capital Ltd
CEOPenn (Arthur H)
Websitehttps://www.pennantpark.com/funds/pflt/
FAQs
What is the current price of PennantPark Floating Rate Capital Ltd (PFLT)?
The current price of PennantPark Floating Rate Capital Ltd (PFLT) is 9.120.
What is the symbol of PennantPark Floating Rate Capital Ltd?
The ticker symbol of PennantPark Floating Rate Capital Ltd is PFLT.
What is the 52-week high of PennantPark Floating Rate Capital Ltd?
The 52-week high of PennantPark Floating Rate Capital Ltd is 11.500.
What is the 52-week low of PennantPark Floating Rate Capital Ltd?
The 52-week low of PennantPark Floating Rate Capital Ltd is 8.395.
What is the market capitalization of PennantPark Floating Rate Capital Ltd?
The market capitalization of PennantPark Floating Rate Capital Ltd is 904.87M.
What is the net income of PennantPark Floating Rate Capital Ltd?
The net income of PennantPark Floating Rate Capital Ltd is 66.36M.
Is PennantPark Floating Rate Capital Ltd (PFLT) currently rated as Buy, Hold, or Sell?
According to analysts, PennantPark Floating Rate Capital Ltd (PFLT) has an overall rating of Buy, with a price target of 10.786.
What is the Earnings Per Share (EPS TTM) of PennantPark Floating Rate Capital Ltd (PFLT)?
The Earnings Per Share (EPS TTM) of PennantPark Floating Rate Capital Ltd (PFLT) is 0.717.