PennantPark Floating Rate Capital Key Executives
This section highlights PennantPark Floating Rate Capital's key executives, including their titles and compensation details.
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PennantPark Floating Rate Capital Earnings
This section highlights PennantPark Floating Rate Capital's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q1 | 2025 | 2025-02-11 | N/A | N/A |
| Read Transcript | Q4 | 2024 | 2024-11-26 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-08-08 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-05-09 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-02-08 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2023-11-16 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-08-10 | N/A | N/A |
| Read Transcript | Q2 | 2023 | 2023-05-11 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-02-09 | N/A | N/A |
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
$10.15
Stock Price
$892.75M
Market Cap
2
Employees
Miami Beach, FL
Location
Financial Statements
Access annual & quarterly financial statements for PennantPark Floating Rate Capital, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 |
|---|---|---|---|---|---|
| Revenue | $110.28M | $139.34M | $11.61M | $61.91M | $22.68M |
| Cost of Revenue | $- | $29.27M | $24.13M | $16.92M | $22.13M |
| Gross Profit | $110.28M | $110.06M | $-12.52M | $45.00M | $548.74K |
| Gross Profit Ratio | 100.00% | 78.99% | -107.77% | 72.67% | 2.42% |
| Research and Development Expenses | $- | $- | $0 | $1 | $0 |
| General and Administrative Expenses | $1.46M | $32.70M | $3.19M | $2.10M | $3.86M |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.46M | $32.70M | $3.19M | $2.10M | $3.86M |
| Other Expenses | $- | $- | $-37.04M | $2.90M | $-15.15M |
| Operating Expenses | $1.46M | $32.70M | $3.19M | $5.00M | $3.86M |
| Cost and Expenses | $1.46M | $32.70M | $3.19M | $5.00M | $3.86M |
| Interest Income | $163.49M | $119.70M | $85.25M | $69.43M | $85.94M |
| Interest Expense | $54.81M | $38.17M | $29.75M | $21.65M | $27.11M |
| Depreciation and Amortization | $- | $-106.64M | $61.17M | $-11.17M | $37.28M |
| EBITDA | $- | $-28.23M | $- | $- | $- |
| EBITDA Ratio | 0.00% | -20.26% | 0.00% | 0.00% | 0.00% |
| Operating Income | $108.82M | $106.64M | $38.18M | $56.92M | $18.81M |
| Operating Income Ratio | 98.67% | 76.53% | 328.71% | 91.93% | 82.96% |
| Total Other Income Expenses Net | $-15.86M | $-66.40M | $-38.73M | $65.85M | $40.94M |
| Income Before Tax | $92.96M | $40.24M | $8.42M | $56.92M | $18.81M |
| Income Before Tax Ratio | 84.29% | 28.88% | 72.51% | 91.93% | 82.96% |
| Income Tax Expense | $1.08M | $984.00K | $4.97M | $400.00K | $400.00K |
| Net Income | $91.84M | $39.26M | $3.45M | $56.52M | $18.41M |
| Net Income Ratio | 83.27% | 28.18% | 29.73% | 91.28% | 81.20% |
| EPS | $1.40 | $0.77 | $0.08 | $1.46 | $0.47 |
| EPS Diluted | $1.40 | $0.77 | $0.08 | $1.46 | $0.47 |
| Weighted Average Shares Outstanding | 65.73M | 50.99M | 41.06M | 38.78M | 38.77M |
| Weighted Average Shares Outstanding Diluted | 65.73M | 50.83M | 41.06M | 38.78M | 38.77M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.70M | $32.39M | $48.51M | $48.36M | $24.24M | $29.43M | $7.35M | $4.89M | $489.00K | $9.71M | $13.60M | $11.95M | $16.87M | $7.35M | $15.16M | $12.47M | $26.93M | $18.05M | $13.62M | $26.33M |
| Cost of Revenue | $-313.00K | $-23.13M | $- | $8.78M | $8.44M | $508.00K | $7.94M | $- | $508.00K | $6.33M | $5.78M | $5.79M | $6.22M | $3.48M | $4.42M | $4.24M | $- | $- | $- | $46.36M |
| Gross Profit | $30.01M | $55.52M | $48.51M | $39.59M | $15.80M | $28.92M | $-588.00K | $4.89M | $-19.00K | $3.38M | $7.82M | $6.15M | $10.65M | $3.87M | $10.73M | $8.24M | $26.93M | $18.05M | $13.62M | $-20.03M |
| Gross Profit Ratio | 101.05% | 171.42% | 100.00% | 81.85% | 65.18% | 98.27% | -8.00% | 100.00% | -3.89% | 34.79% | 57.49% | 51.51% | 63.13% | 52.67% | 70.81% | 66.04% | 100.00% | 100.00% | 100.00% | -76.10% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $1.70M | $1.70M | $10.71M | $1.84M | $1.61M | $1.11M | $1.61M | $849.00K | $850.00K | $798.00K | $799.00K | $799.00K | $798.35K | $350.00K | $350.00K | $700.00K | $700.00K | $966.08K | $966.08K | $966.08K |
| Selling and Marketing Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $1.70M | $1.70M | $10.71M | $1.84M | $1.61M | $1.11M | $1.61M | $849.00K | $850.00K | $798.00K | $799.00K | $799.00K | $798.35K | $350.00K | $350.00K | $700.00K | $700.00K | $966.08K | $966.08K | $966.08K |
| Other Expenses | $- | $30.69M | $- | $6.21M | $4.97M | $10.84M | $-8.13M | $4.04M | $-16.66M | $-27.06M | $-18.36M | $- | $- | $2.90M | $17.10M | $781.52K | $- | $- | $- | $- |
| Operating Expenses | $1.70M | $32.39M | $10.71M | $-6.21M | $1.61M | $1.11M | $1.61M | $4.89M | $850.00K | $798.00K | $799.00K | $799.00K | $798.35K | $3.25M | $350.00K | $700.00K | $700.00K | $966.08K | $966.08K | $966.08K |
| Cost and Expenses | $1.70M | $32.39M | $10.71M | $2.56M | $1.61M | $1.11M | $722.00K | $4.89M | $16.26M | $798.00K | $799.00K | $799.00K | $798.35K | $3.25M | $350.00K | $700.00K | $700.00K | $482.76M | $5.81M | $6.85M |
| Interest Income | $60.27M | $49.20M | $43.30M | $38.79M | $32.20M | $31.55M | $30.14M | $30.36M | $27.64M | $24.75M | $20.93M | $19.43M | $20.14M | $17.37M | $17.43M | $16.57M | $18.06M | $19.35M | $20.68M | $23.61M |
| Interest Expense | $22.36M | $19.30M | $16.29M | $14.69M | $8.94M | $8.57M | $9.98M | $9.75M | $9.86M | $9.04M | $7.37M | $6.71M | $6.64M | $5.63M | $5.90M | $4.78M | $5.34M | $5.52M | $6.65M | $7.63M |
| Depreciation and Amortization | $- | $- | $-37.79M | $-34.32M | $-28.55M | $-27.23M | $-28.64M | $- | $-24.12M | $-21.80M | $-19.29M | $-18.19M | $-19.46M | $-17.94M | $-16.28M | $-14.80M | $-15.56M | $-15.94M | $-16.95M | $-19.47M |
| EBITDA | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-4.11M | $- | $1.61M | $-5.41M | $- | $1.66M | $- | $6.67M | $- | $-32.85M |
| EBITDA Ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -30.20% | 0.00% | 9.55% | -73.57% | 0.00% | 13.27% | 0.00% | 36.93% | 0.00% | -124.78% |
| Operating Income | $28.00M | $-82.11M | $37.79M | $45.80M | $22.62M | $28.31M | $23.02M | $- | $12.11M | $-4.77M | $2.38M | $17.85M | $22.71M | $9.73M | $20.71M | $16.55M | $31.57M | $-54.95M | $16.95M | $19.47M |
| Operating Income Ratio | 94.28% | -253.51% | 77.91% | 94.70% | 93.34% | 96.22% | 313.08% | 0.00% | 2476.28% | -49.10% | 17.53% | 149.44% | 134.62% | 132.33% | 136.63% | 132.72% | 117.23% | -304.41% | 124.44% | 73.97% |
| Total Other Income Expenses Net | $- | $103.87M | $-20.68M | $-3.21M | $-5.92M | $961.00K | $-22.89M | $4.04M | $-9.95M | $-22.73M | $-17.79M | $-10.84M | $-5.03M | $-13.83M | $-1.47M | $-3.03M | $10.68M | $1.14M | $-4.30M | $-40.48M |
| Income Before Tax | $28.00M | $21.76M | $17.11M | $31.11M | $22.62M | $28.31M | $5.74M | $4.04M | $-361.00K | $-13.81M | $-4.99M | $11.15M | $16.07M | $4.10M | $14.81M | $11.77M | $26.23M | $17.09M | $12.66M | $-21.00M |
| Income Before Tax Ratio | 94.28% | 67.18% | 35.28% | 64.33% | 93.34% | 96.22% | 78.09% | 82.63% | -73.82% | -142.18% | -36.65% | 93.31% | 95.27% | 55.82% | 97.69% | 94.39% | 97.40% | 94.65% | 92.91% | -79.77% |
| Income Tax Expense | $-334.00K | $419.00K | $193.00K | $317.00K | $154.00K | $268.00K | $150.00K | $-3.20M | $1.26M | $-672.00K | $100.00K | $3.90M | $1.64M | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K | $100.00K |
| Net Income | $28.33M | $21.34M | $16.92M | $31.11M | $22.47M | $28.05M | $5.59M | $7.24M | $-1.62M | $-13.14M | $-5.08M | $7.25M | $14.43M | $4.00M | $14.71M | $11.67M | $26.13M | $16.99M | $12.56M | $-21.10M |
| Net Income Ratio | 95.40% | 65.88% | 34.88% | 64.33% | 92.71% | 95.31% | 76.05% | 148.18% | -331.29% | -135.26% | -37.39% | 60.67% | 85.55% | 54.46% | 97.03% | 93.59% | 97.03% | 94.09% | 92.17% | -80.15% |
| EPS | $0.35 | $0.00 | $0.25 | $0.51 | $0.38 | $0.48 | $0.11 | $0.15 | $-0.04 | $-0.34 | $-0.12 | $0.18 | $0.37 | $0.10 | $0.38 | $0.30 | $0.67 | $0.44 | $0.32 | $-0.54 |
| EPS Diluted | $0.35 | $0.00 | $0.25 | $0.51 | $0.38 | $0.48 | $0.11 | $0.15 | $-0.04 | $-0.34 | $-0.12 | $0.18 | $0.37 | $0.10 | $0.38 | $0.30 | $0.67 | $0.44 | $0.32 | $-0.54 |
| Weighted Average Shares Outstanding | 81.66M | - | 68.48M | 61.15M | 58.73M | 58.73M | 50.80M | 48.29M | 45.37M | 38.64M | 41.33M | 39.53M | 38.96M | 38.70M | 38.70M | 38.77M | 38.77M | 38.77M | 38.77M | 38.77M |
| Weighted Average Shares Outstanding Diluted | 81.66M | - | 68.48M | 61.15M | 58.73M | 58.73M | 50.80M | 48.29M | 45.37M | 38.64M | 41.33M | 39.53M | 38.96M | 38.70M | 38.77M | 38.77M | 38.77M | 38.77M | 38.77M | 38.77M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $112.05M | $100.56M | $47.88M | $49.83M | $57.51M |
| Short Term Investments | $- | $-566.00K | $- | $52.11M | $51.69M |
| Cash and Short Term Investments | $112.05M | $99.99M | $47.88M | $49.83M | $57.51M |
| Net Receivables | $12.80M | $10.99M | $10.98M | $39.41M | $3.67M |
| Inventory | $- | $1 | $1 | $141.34M | $112.88M |
| Other Current Assets | $489.00K | $894.00K | $748.00K | $- | $173.32K |
| Total Current Assets | $125.34M | $111.87M | $33.70M | $89.24M | $61.19M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $1.98B | $1.07B | $1.16B | $1.08B | $1.09B |
| Tax Assets | $- | $- | $1.22B | $1.17B | $1.15B |
| Other Non-Current Assets | $- | $- | $-1.22B | $-1.17B | $-1.15B |
| Total Non-Current Assets | $1.98B | $1.07B | $1.16B | $1.08B | $1.09B |
| Other Assets | $- | $566.00K | $25.91M | $- | $173.32K |
| Total Assets | $2.11B | $1.18B | $1.22B | $1.17B | $1.15B |
| Account Payables | $45.03M | $19.54M | $12.47M | $10.21M | $11.08M |
| Short Term Debt | $183.83M | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $-208.26B | $-129.28B |
| Other Current Liabilities | $-228.86M | $7.95M | $-12.47M | $-10.21M | $-11.08M |
| Total Current Liabilities | $244.47M | $27.49M | $217.35M | $22.69M | $11.08M |
| Long Term Debt | $- | $495.43M | $672.78M | $- | $653.21M |
| Deferred Revenue Non-Current | $- | $- | $-4.57M | $680.25M | $671.02M |
| Deferred Tax Liabilities Non-Current | $1.71M | $- | $4.57M | $-27.61M | $-17.81M |
| Other Non-Current Liabilities | $1.05B | $- | $-672.78M | $- | $-653.21M |
| Total Non-Current Liabilities | $1.05B | $495.43M | $522.97M | $652.63M | $653.21M |
| Other Liabilities | $-60.64M | $3.08M | $-43.54M | $4.92M | $6.72M |
| Total Liabilities | $1.23B | $526.01M | $696.77M | $680.25M | $671.02M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $78.00K | $59.00K | $45.00K | $38.88K | $38.77K |
| Retained Earnings | $-99.53M | $-111.64M | $-90.98M | $-48.24M | $-60.92M |
| Accumulated Other Comprehensive Income Loss | $- | $0 | $527.09M | $0 | $0 |
| Other Total Stockholders Equity | $976.74M | $765.19M | $618.03M | $538.81M | $538.15M |
| Total Stockholders Equity | $877.29M | $653.61M | $527.09M | $490.61M | $477.27M |
| Total Equity | $877.29M | $653.61M | $1.15B | $1.04B | $1.02B |
| Total Liabilities and Stockholders Equity | $2.11B | $1.18B | $1.22B | $1.17B | $1.15B |
| Minority Interest | $- | $- | $624.90M | $550.70M | $544.01M |
| Total Liabilities and Total Equity | $2.11B | $1.18B | $1.22B | $1.17B | $1.15B |
| Total Investments | $1.98B | $1.07B | $1.16B | $1.08B | $1.09B |
| Total Debt | $183.83M | $495.43M | $672.78M | $652.63M | $653.21M |
| Net Debt | $-112.05M | $394.88M | $624.90M | $602.81M | $595.70M |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $102.26M | $112.05M | $84.59M | $125.25M | $75.83M | $99.99M | $59.09M | $50.16M | $52.94M | $47.88M | $40.62M | $50.06M | $61.27M | $49.83M | $48.70M | $66.57M | $28.49M | $57.51M | $53.41M | $29.99M |
| Short Term Investments | $- | $- | $- | $- | $- | $- | $- | $- | $870.74M | $- | $- | $- | $- | $1.08T | $39.11M | $1.07T | $1.07T | $1.09T | $- | $1.18T |
| Cash and Short Term Investments | $102.26M | $112.05M | $84.59M | $125.25M | $75.83M | $99.99M | $59.09M | $50.16M | $923.68M | $47.88M | $40.62M | $50.06M | $61.27M | $49.83M | $48.70M | $66.57M | $28.49M | $57.51M | $53.41M | $29.99M |
| Net Receivables | $13.02M | $12.80M | $13.21M | $12.71M | $12.29M | $10.99M | $18.05M | $9.46M | $21.67M | $10.98M | $12.82M | $43.86M | $24.17M | $- | $18.27M | $2.82M | $2.82M | $3.67M | $13.29M | $13.20M |
| Inventory | $- | $- | $- | $1 | $- | $1 | $- | $- | $61.67M | $1 | $- | $- | $- | $49.88B | $-0 | $69.32B | $31.28B | $57.45B | $- | $1 |
| Other Current Assets | $- | $489.00K | $217.00K | $- | $20.00K | $894.00K | $817.00K | $-9.46M | $945.00K | $748.00K | $11.28M | $1.36M | $96.21K | $- | $- | $- | $373.31K | $346.64K | $614.37K | $464.18K |
| Total Current Assets | $115.29M | $125.34M | $98.02M | $137.14M | $87.46M | $110.98M | $69.10M | $50.16M | $932.41M | $33.70M | $40.62M | $93.92M | $85.43M | $49.83B | $66.98M | $69.39B | $31.31B | $57.51B | $67.31M | $43.65M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $2.19B | $1.98B | $1.66B | $1.48B | $1.27B | $1.07B | $1.11B | $1.16B | $1.15B | $1.16B | $1.23B | $1.19B | $1.18B | $1.08B | $1.04B | $1.07B | $1.07B | $1.09B | $1.10B | $1.18B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $-2.19B | $-1 | $-1.66B | $-1.48B | $-1.27B | $-1.07B | $-1.11B | $-1.16B | $-1.15B | $-401.15M | $-1.23B | $-1.19B | $-1.18B | $1.12T | $-1.04B | $-1.07B | $-1.07B | $1.09T | $- | $- |
| Total Non-Current Assets | $2.19B | $1.98B | $1.66B | $1.48B | $1.27B | $1.07B | $1.11B | $1.17B | $1.15B | $763.11M | $1.23B | $1.19B | $1.18B | $1.12T | $1.04B | $1.07B | $1.07B | $1.09T | $1.10B | $1.18B |
| Other Assets | $35.01M | $1 | $-65.00K | $817.00K | $670.00K | $895.00K | $8.86M | $1.22B | $-856.87M | $427.06M | $24.10M | $1.36M | $96.21K | $-1.17T | $- | $-69.32B | $-31.28B | $-1.15T | $- | $- |
| Total Assets | $2.34B | $2.11B | $1.76B | $1.62B | $1.36B | $1.18B | $1.18B | $1.22B | $1.23B | $1.22B | $1.29B | $1.29B | $1.27B | $1.17B | $1.10B | $1.14B | $1.10B | $1.15B | $1.17B | $1.22B |
| Account Payables | $25.41M | $45.03M | $10.51M | $23.80M | $19.86M | $19.54M | $13.05M | $26.91M | $20.38M | $12.47M | $18.23M | $10.79M | $8.79M | $22.69M | $23.00M | $57.18M | $15.15M | $11.08M | $6.33M | $8.59M |
| Short Term Debt | $184.03M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $- | $- | $-239.73M | $- | $- | $- | $- | $- | $-259.37M | $-267.84B | $- | $13.26M | $- | $- | $- | $- | $-111.74B |
| Other Current Liabilities | $-209.43M | $-45.03M | $- | $8.29M | $8.31M | $-19.54M | $7.46M | $-26.91M | $7.20M | $-12.47M | $6.46M | $-10.79M | $-8.79M | $-22.69M | $-23.00M | $-57.18M | $-15.15M | $-11.08M | $6.52M | $7.32M |
| Total Current Liabilities | $222.19M | $- | $10.51M | $183.44M | $183.25M | $19.54M | $262.12M | $- | $484.15M | $217.35M | $276.80M | $10.79M | $8.79M | $208.28B | $34.06M | $211.06B | $106.57B | $129.30B | $12.84M | $15.90M |
| Long Term Debt | $- | $- | $896.38M | $861.47M | $671.08M | $495.43M | $552.64M | $- | $680.28M | $672.78M | $756.21M | $745.89M | $750.17M | $- | $566.03M | $582.44M | $584.89M | $653.21M | $687.49M | $736.88M |
| Deferred Revenue Non-Current | $- | $- | $- | $-183.44M | $-671.08M | $493.64M | $-552.64M | $- | $- | $-4.57M | $- | $-5.34M | $-1.54B | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $1.08M | $- | $- | $1.56M | $1.79M | $1.79M | $1.64M | $- | $5.29M | $4.57M | $5.34M | $5.34M | $1.54B | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $1.20B | $- | $1.56M | $-151.35M | $-155.08M | $-497.23M | $-241.60M | $- | $-228.72M | $-672.78M | $-252.11M | $-751.23M | $-750.17M | $- | $-566.03M | $-582.44M | $-584.89M | $-653.21M | $- | $- |
| Total Non-Current Liabilities | $1.20B | $- | $897.95M | $711.69M | $517.80M | $495.43M | $312.68M | $- | $229.00M | $522.97M | $509.44M | $10.79M | $8.79M | $471.96B | $566.03M | $434.50B | $499.92B | $541.72B | $687.49M | $736.88M |
| Other Liabilities | $-38.16M | $1.23B | $31.71M | $- | $- | $10.47M | $- | $669.77M | $- | $-43.54M | $- | $746.33M | $750.36M | $-679.56B | $6.08M | $-644.91B | $-605.88B | $-670.35B | $- | $- |
| Total Liabilities | $1.38B | $1.23B | $940.17M | $895.13M | $701.05M | $525.44M | $574.80M | $669.77M | $713.15M | $696.77M | $786.24M | $767.90M | $767.95M | $680.25M | $606.17M | $645.55M | $606.49M | $671.02M | $700.33M | $752.79M |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock | $85.00K | $78.00K | $72.00K | $63.00K | $59.00K | $59.00K | $56.00K | $50.00K | $45.00K | $45.00K | $41.00K | $41.00K | $39.15K | $38.88K | $38.77K | $38.77K | $38.77K | $38.77K | $38.77K | $38.77K |
| Retained Earnings | $-96.38M | $-99.53M | $-99.03M | $-94.94M | $-107.23M | $-111.64M | $-122.16M | $-112.31M | $-105.53M | $-90.98M | $-65.79M | $-48.92M | $-44.92M | $-48.24M | $-41.56M | $-45.22M | $-45.84M | $-60.92M | $-67.34M | $-68.84M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $0 | $0 | $0 | $0 | $-0 | $- | $0 | $- | $- | $-0 | $- | $0 | $0 | $538.19M | $- | $0 | $- | $-0 |
| Other Total Stockholders Equity | $1.06B | $976.74M | $915.68M | $815.59M | $765.19M | $765.19M | $730.53M | $666.92M | $619.02M | $618.03M | $570.66M | $568.87M | $542.28M | $538.81M | $538.15M | $538.15M | $538.15M | $538.15M | $538.63M | $538.63M |
| Total Stockholders Equity | $962.65M | $877.29M | $816.73M | $720.71M | $658.01M | $653.61M | $608.43M | $554.67M | $513.53M | $527.09M | $504.91M | $519.99M | $497.41M | $490.61M | $496.63M | $492.97M | $492.35M | $477.27M | $471.33M | $469.83M |
| Total Equity | $962.65M | $877.29M | $816.73M | $720.71M | $658.01M | $653.61M | $608.43M | $554.67M | $513.53M | $527.09M | $504.91M | $519.99M | $497.41M | $490.61M | $496.63M | $492.97M | $492.35M | $477.27M | $471.33M | $469.83M |
| Total Liabilities and Stockholders Equity | $2.34B | $2.11B | $1.76B | $1.62B | $1.36B | $1.18B | $1.18B | $1.22B | $1.23B | $1.22B | $1.29B | $1.29B | $1.27B | $1.17B | $1.10B | $1.14B | $1.10B | $1.15B | $1.17B | $1.22B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $2.34B | $2.11B | $1.76B | $1.62B | $1.36B | $1.18B | $1.18B | $1.22B | $1.23B | $1.22B | $1.29B | $1.29B | $1.27B | $1.17B | $1.10B | $1.14B | $1.10B | $1.15B | $1.17B | $1.22B |
| Total Investments | $2.19B | $1.98B | $1.66B | $1.48B | $1.27B | $1.07B | $1.11B | $1.16B | $1.15B | $1.16B | $1.23B | $1.19B | $1.18B | $1.08T | $1.04B | $1.07T | $1.07T | $1.09T | $1.10B | $1.18T |
| Total Debt | $184.03M | $- | $896.38M | $861.47M | $671.08M | $495.43M | $552.64M | $- | $680.28M | $672.78M | $756.21M | $745.89M | $750.17M | $652.63M | $566.03M | $582.44M | $584.89M | $653.21M | $687.49M | $736.88M |
| Net Debt | $81.76M | $-112.05M | $811.79M | $736.22M | $595.26M | $395.44M | $493.55M | $-50.16M | $627.34M | $624.90M | $715.60M | $695.82M | $688.90M | $602.81M | $517.32M | $515.87M | $556.41M | $595.70M | $634.08M | $706.89M |
Annual Cash Flow
| Breakdown | September 30, 2024 | September 30, 2023 | September 30, 2022 | September 30, 2021 | September 30, 2020 |
|---|---|---|---|---|---|
| Net Income | $91.84M | $39.26M | $3.45M | $56.52M | $18.41M |
| Depreciation and Amortization | $- | $- | $20.32M | $-44.54B | $24.80B |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- |
| Change in Working Capital | $4.45M | $1.11M | $18.88M | $-25.77M | $-4.88M |
| Accounts Receivables | $- | $-4.00K | $28.43M | $-35.74M | $3.22M |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $900.00K | $3.06M | $-10.69M | $8.23M | $-8.65M |
| Other Working Capital | $3.54M | $-1.95M | $1.13M | $1.74M | $552.38K |
| Other Non Cash Items | $-897.66M | $100.19M | $-92.61M | $44.56B | $-24.82B |
| Net Cash Provided by Operating Activities | $-801.38M | $140.56M | $-49.96M | $49.57M | $-4.94M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $-1.41B | $-324.55M | $-607.76M | $-661.11B | $-436.70B |
| Sales Maturities of Investments | $514.15M | $399.08M | $495.19M | $702.13B | $396.87B |
| Other Investing Activities | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $-112.57M | $41.02B | $-39.84B |
| Debt Repayment | $683.24M | $-180.50M | $13.80M | $-13.14M | $43.29M |
| Common Stock Issued | $213.91M | $148.41M | $81.94M | $1.40M | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- |
| Dividends Paid | $-78.81M | $-58.74M | $-46.07M | $-44.20M | $-44.20M |
| Other Financing Activities | $-5.46M | $-705.00K | $79.96M | $-364.00K | $- |
| Net Cash Used Provided by Financing Activities | $812.87M | $-91.53M | $47.70M | $-56.31M | $-909.16K |
| Effect of Forex Changes on Cash | $4.00K | $37.00K | $320.00K | $-945.35K | $24.26K |
| Net Change in Cash | $11.49M | $49.07M | $-1.95M | $-7.69M | $-5.83M |
| Cash at End of Period | $112.05M | $100.56M | $47.88M | $49.83M | $57.51M |
| Cash at Beginning of Period | $100.56M | $51.49M | $49.83M | $57.51M | $63.34M |
| Operating Cash Flow | $-801.38M | $140.56M | $-49.96M | $49.57M | $-4.94M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $-801.38M | $140.56M | $-49.96M | $49.57M | $-4.94M |
Cash Flow Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $- | $21.34M | $16.92M | $31.11M | $22.47M | $28.05M | $5.59M | $7.24M | $-1.62M | $-13.14M | $-5.09M | $7.25M | $14.43M | $4.00M | $14.71M | $11.67M | $26.13M | $16.99M | $12.56M | $-21.10M |
| Depreciation and Amortization | $23.27M | $- | $- | $- | $-7.20M | $-8.45M | $- | $- | $15.81M | $20.32M | $- | $- | $2.14B | $-44.54B | $- | $- | $-23.35B | $24.80B | $- | $- |
| Deferred Income Tax | $-632.00K | $- | $- | $- | $- | $-3.50M | $- | $- | $725.00K | $- | $- | $- | $1.54B | $- | $- | $- | $- | $- | $- | $- |
| Stock Based Compensation | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-3.78B | $- | $- | $- | $- | $- | $- | $- |
| Change in Working Capital | $- | $10.35M | $8.57M | $2.83M | $-1.03M | $11.27M | $-22.96M | $13.18M | $-2.01M | $1.38M | $29.02M | $-16.80M | $5.28M | $-33.67M | $-38.42M | $41.70M | $4.63M | $14.62M | $-3.31M | $-35.92M |
| Accounts Receivables | $- | $343.00K | $-505.00K | $-419.00K | $-1.30M | $7.06M | $-8.59M | $12.21M | $-10.68M | $2.98M | $29.89M | $-19.69M | $15.24M | $-21.14M | $-15.46M | $2.02K | $853.04K | $8.40M | $1.13M | $49.12M |
| Inventory | $- | $- | $- | $- | $1.30M | $- | $- | $- | $- | $-5.34M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $733.00K | $- | $5.42M | $-1.32M | $459.00K | $1.78M | $-12.88M | $- | $10.16M | $-9.25M | $9.79M | $-1.49M | $-9.74M | $-14.67M | $-22.85M | $40.35M | $- | $- | $- | $- |
| Other Working Capital | $-20.97M | $10.00M | $3.66M | $4.57M | $-1.49M | $2.42M | $-1.49M | $970.00K | $-1.49M | $12.98M | $-10.66M | $4.37M | $-218.84K | $2.14M | $-114.62K | $1.35M | $-2.00M | $2.43M | $-4.44M | $1.16M |
| Other Non Cash Items | $-255.31M | $-323.42M | $-180.59M | $-11.45M | $-196.16M | $-1.93M | $64.31M | $-11.39M | $-5.15M | $53.06M | $-33.48M | $-10.08M | $-2.12M | $44.49B | $30.40M | $8.92M | $23.37B | $-24.77B | $86.71M | $-35.84M |
| Net Cash Provided by Operating Activities | $-232.67M | $-291.74M | $-155.09M | $20.76M | $-181.92M | $75.20M | $46.93M | $9.03M | $7.76M | $61.62M | $-9.55M | $-19.64M | $-82.39M | $-74.86M | $6.68M | $62.29M | $55.46M | $58.05M | $95.96M | $-92.86M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-606.92M | $- | $-320.88M | $-338.30M | $-302.60M | $-258.96M | $-79.98M | $- | $-65.59M | $-607.76M | $-104.75M | $-113.25M | $-335.10B | $-661.11B | $-248.26M | $-160.24M | $-66.96B | $-436.70B | $- | $- |
| Sales Maturities of Investments | $401.30M | $- | $- | $144.91M | $103.80M | $336.09M | $132.43M | $- | $63.00M | $495.19M | $54.96M | $103.86M | $238.37B | $702.13B | $283.87M | $172.07M | $109.60B | $396.87B | $- | $- |
| Other Investing Activities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $49.80M | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Cash Used for Investing Activities | $- | $- | $- | $-193.39M | $-198.79M | $77.13M | $52.45M | $- | $-2.59M | $-112.57M | $-1.00K | $473 | $-96.73B | $41.02B | $35.61M | $11.83M | $42.64B | $-39.84B | $- | $- |
| Debt Repayment | $165.00M | $280.30M | $34.44M | $193.26M | $175.24M | $-55.00M | $-86.71M | $-48.00M | $9.21M | $-90.00M | $10.00M | $-7.00M | $100.80M | $86.00M | $-13.50M | $-13.16M | $-72.49M | $-43.00M | $-61.71M | $78.00M |
| Common Stock Issued | $82.71M | $62.84M | $99.68M | $51.39M | $- | $35.19M | $64.06M | $48.16M | $995.00K | $49.60M | $1.82M | $26.99M | $3.52M | $1.03M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Dividends Paid | $-24.32M | $-22.29M | $-20.11M | $-18.36M | $-18.06M | $-17.54M | $-14.92M | $-13.36M | $-12.92M | $-12.16M | $-11.67M | $-11.16M | $-11.08M | $-11.05M | $-11.05M | $-11.05M | $-11.05M | $-11.05M | $-11.05M | $-11.05M |
| Other Financing Activities | $-496.00K | $-1.66M | $420.00K | $-4.23M | $- | $- | $-440.00K | $-250.00K | $-15.00K | $-1.49M | $-27.00K | $-405.00K | $-53.00K | $1.03M | $-41 | $439 | $- | $- | $- | $- |
| Net Cash Used Provided by Financing Activities | $222.90M | $319.19M | $114.43M | $222.07M | $157.18M | $-37.34M | $-38.01M | $-13.45M | $-2.73M | $-54.05M | $129.00K | $8.43M | $93.19M | $75.98M | $-24.55M | $-24.21M | $-83.54M | $-54.05M | $-72.76M | $66.95M |
| Effect of Forex Changes on Cash | $-14.00K | $3.00K | $-5.00K | $-11.00K | $17.00K | $-73.52M | $13.00K | $1.00K | $23.00K | $-302.00K | $-28.00K | $10.54K | $639.46K | $945.35K | $386 | $149 | $-945.88K | $104.52K | $214.18K | $-387.31K |
| Net Change in Cash | $-9.79M | $27.46M | $-40.66M | $49.43M | $-24.73M | $41.46M | $8.94M | $-4.41M | $5.05M | $7.26M | $-9.45M | $-11.20M | $11.44M | $1.12M | $-17.87M | $38.08M | $-29.02M | $4.11M | $23.41M | $-26.30M |
| Cash at End of Period | $102.26M | $112.05M | $84.59M | $125.25M | $75.83M | $100.56M | $59.09M | $50.64M | $52.94M | $47.88M | $40.62M | $50.06M | $61.27M | $49.83M | $48.70M | $66.57M | $28.49M | $57.51M | $53.41M | $29.99M |
| Cash at Beginning of Period | $112.05M | $84.59M | $125.25M | $75.83M | $100.56M | $59.09M | $50.16M | $55.06M | $47.88M | $40.62M | $50.06M | $61.27M | $49.83M | $48.70M | $66.57M | $28.49M | $57.51M | $53.41M | $29.99M | $56.29M |
| Operating Cash Flow | $-232.67M | $-291.74M | $-155.09M | $20.76M | $-181.92M | $75.20M | $46.93M | $9.03M | $7.76M | $61.62M | $-9.55M | $-19.64M | $-82.39M | $-74.86M | $6.68M | $62.29M | $55.46M | $58.05M | $95.96M | $-92.86M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $-232.67M | $-291.74M | $-155.09M | $20.76M | $-181.92M | $75.20M | $46.93M | $9.03M | $7.76M | $61.62M | $-9.55M | $-19.64M | $-82.39M | $-74.86M | $6.68M | $62.29M | $55.46M | $58.05M | $95.96M | $-92.86M |
PennantPark Floating Rate Capital Dividends
Explore PennantPark Floating Rate Capital's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
10.36%
Dividend Payout Ratio
85.82%
Dividend Paid & Capex Coverage Ratio
-10.17x
PennantPark Floating Rate Capital Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.1025 | $0.1025 | April 15, 2025 | April 15, 2025 | May 01, 2025 | April 02, 2025 |
| $0.1025 | $0.1025 | March 14, 2025 | March 14, 2025 | April 01, 2025 | March 04, 2025 |
| $0.1025 | $0.1025 | February 18, 2025 | February 18, 2025 | March 03, 2025 | February 05, 2025 |
| $0.1025 | $0.1025 | January 15, 2025 | January 15, 2025 | February 03, 2025 | January 03, 2025 |
| $0.1025 | $0.1025 | December 16, 2024 | December 16, 2024 | January 02, 2025 | December 03, 2024 |
| $0.1025 | $0.1025 | November 15, 2024 | November 15, 2024 | December 02, 2024 | November 04, 2024 |
| $0.1025 | $0.1025 | October 16, 2024 | October 16, 2024 | November 01, 2024 | October 02, 2024 |
| $0.1025 | $0.1025 | September 16, 2024 | September 16, 2024 | October 01, 2024 | September 04, 2024 |
| $0.1025 | $0.1025 | August 16, 2024 | August 16, 2024 | September 03, 2024 | August 02, 2024 |
| $0.1025 | $0.1025 | July 15, 2024 | July 15, 2024 | August 01, 2024 | July 02, 2024 |
| $0.1025 | $0.1025 | June 14, 2024 | June 14, 2024 | July 01, 2024 | June 04, 2024 |
| $0.1025 | $0.1025 | May 14, 2024 | May 15, 2024 | June 03, 2024 | May 02, 2024 |
| $0.1025 | $0.1025 | April 12, 2024 | April 15, 2024 | May 01, 2024 | April 02, 2024 |
| $0.1025 | $0.1025 | March 15, 2024 | March 18, 2024 | April 01, 2024 | March 04, 2024 |
| $0.1025 | $0.1025 | February 14, 2024 | February 15, 2024 | March 01, 2024 | February 02, 2024 |
| $0.1025 | $0.1025 | January 12, 2024 | January 16, 2024 | February 01, 2024 | January 03, 2024 |
| $0.1025 | $0.1025 | December 15, 2023 | December 18, 2023 | January 02, 2024 | December 04, 2023 |
| $0.1025 | $0.1025 | November 15, 2023 | November 16, 2023 | December 01, 2023 | November 02, 2023 |
| $0.1025 | $0.1025 | October 16, 2023 | October 17, 2023 | November 01, 2023 | October 03, 2023 |
| $0.1025 | $0.1025 | September 15, 2023 | September 18, 2023 | October 02, 2023 | September 05, 2023 |
PennantPark Floating Rate Capital News
Read the latest news about PennantPark Floating Rate Capital, including recent articles, headlines, and updates.
PennantPark Floating Rate Capital Ltd. Amends Credit Facility, Lowering Spread and Extending Maturity
MIAMI, April 22, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (“PFLT”) (NYSE: PFLT) announced that it amended its credit facility agreement led by Truist Bank (the “Credit Facility”).
2 Durable Dividends At Bargain Prices
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PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I LLC Completes $301 Million Securitization, Marking Continued Growth in PennantPark's Middle Market Platform with Twelve CLOs Under Management
MIAMI, April 15, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO 12, LLC (“CLO 12”) has closed a four-year reinvestment period, twelve-year final maturity $301 million debt securitization in the form of a collateralized loan obligation (“CLO” or “Securitization”).
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2025 Results
MIAMI, April 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2025 on Monday, May 12, 2025 after the close of the financial markets.
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share
MIAMI, April 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for April 2025 of $0.1025 per share, payable on May 1, 2025 to stockholders of record as of April 15, 2025. 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.
PennantPark Floating Rate Capital: One Of The Highest Quality Picks In First-Lien BDC Segment
PennantPark Floating Rate Capital, PFLT, is a completely different BDC than its related arm PNNT. In my last piece that was issued in August 2024, I made it clear that the dividend is safe, even though the conclusion might be different seeing 103% coverage level. The recent financials confirm my thesis on many fronts.
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Stock Market Sell-Off: 5 Magnificent Stocks I Already Own That I'm Waiting Patiently to Add To
Every so often, Wall Street reminds investors that stocks don't move up in a straight line. In span of roughly three weeks, the ageless Dow Jones Industrial Average, broad-based S&P 500 (^GSPC -1.39%), and Nasdaq Composite have respectively sold off by 7.2%, 9.3%, and 13.1%.
2 Ultra-High-Yield Dividend Stocks You Can Buy With Confidence in March
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2 Names To Boost Your Passive Income
When it comes to investing, there are always many selections that investors have in terms of the approach they want to take. As I'm a heavily income-oriented investor, I tend to straddle my selections primarily through higher-yielding investment options but also dividend growth choices. Dividend growth investments may not be as exciting up front, but over time, all the small increases can add up.
PennantPark Floating Rate Capital Ltd. Closes New Securitization, Substantially Lowering Borrowing Costs
MIAMI, Feb. 21, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that it completed a $474.6 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized loan obligation (“CLO”).
5 'Safe' Buys In 35 February Dividend Power Dogs
The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026.
PennantPark Floating Rate Capital (PFLT) Q1 2025 Earnings Call Transcript
PennantPark Floating Rate Capital (NYSE:PFLT ) Q1 2025 Earnings Conference Call February 11, 2025 9:00 AM ET Company Participants Art Penn - Chairman and Chief Executive Officer Richard Allorto - Chief Financial Officer Conference Call Participants Robert Dodd - Raymond James Brian McKenna - Citizens JMP Mark Hughes - Truist Mickey Schleien - Ladenburg Paul Johnson - KBW Operator Good morning, and welcome to the PennantPark Floating Rate Capital's First Fiscal Quarter 2025 Earnings Conference Call. Today's conference is being recorded.
Compared to Estimates, PennantPark (PFLT) Q1 Earnings: A Look at Key Metrics
The headline numbers for PennantPark (PFLT) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
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PennantPark Floating Rate Capital: Improved Portfolio Quality And Discounted Valuation
I maintain my buy rating on PFLT due to its improved non-accrual rate, prioritization of new investments, and slightly improved dividend coverage. PennantPark Floating Rate Capital's current dividend yield is 11.1%, but negative returns and high debt levels have impacted its attractiveness compared to peers. The price trades at a slight discount to NAV, offering a potential upside of 6.8%, supported by improving portfolio metrics and a high rate of capital allocated towards new investments.
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