PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. It invests primarily in loans bearing a variable-rate of interest or floating rate loans, and other investments made to U.S. middle-market companies. The company was founded by Arthur Howard Penn on October 28, 2010 and is headquartered in New York, NY.

Earnings data Q2 2021

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PennantPark Floating Rate Capital reports solid Q4 performance and growth

PennantPark Floating Rate Capital delivered solid performance in Q4 2024 with growth in core net investment income and portfolio size.
The company's focus on core middle market lending, balanced capital structure, and prudent risk management are key strengths.
While facing challenges such as tightening market yields and NAV decrease, there are opportunities to optimize returns and further diversify the portfolio.

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PennantPark (PFLT) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

PennantPark (PFLT) Upgraded to Strong Buy: What Does It Mean for the Stock?

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PennantPark (PFLT) possesses solid growth attributes, which could help it handily outperform the market.

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PFLT, SWRAY and AGEAS made it to the Zacks Rank #1 (Strong Buy) income stocks list on June 1, 2023.

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Ares Capital is America's largest business development company and now offers a big 10.2% dividend yield. Net interest income at PennantPark Floating Rate Capital is surging in response to the Federal Reserve's hawkish monetary policy.

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PennantPark Floating Rate Capital (NYSE:PFLT ) Q2 2023 Earnings Conference Call May 10, 2023 9:00 AM ET Company Participants Arthur Penn - Founder, Chairman & Chief Executive Officer Richard Allorto - Chief Financial Officer Conference Call Participants Paul Johnson - KBW Kevin Fultz - JMP Securities Mickey Schleien - Ladenburg Thalmann Mark Hughes - Truist Operator Good morning, and welcome to the PennantPark Floating Rate Capital Second Fiscal Quarter 2023 Earnings Conference Call. Today's conference is being recorded.

PennantPark Floating Rate Capital (PFLT) Q2 2023 Earnings Call Transcript

Ares Capital Corporation is the world's largest publicly traded business development company, and it offers a 10.5% dividend yield right now. PennantPark Floating Rate Capital is a business development company that relies heavily on variable-interest debt instruments which deliver much higher rates of return now than they did a year ago.

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PennantPark (PFLT) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.31 per share. This compares to earnings of $0.29 per share a year ago.

PennantPark (PFLT) Surpasses Q2 Earnings and Revenue Estimates

MIAMI, May 10, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT) announced today its financial results for the second quarter ended March 31, 2023.

PennantPark Floating Rate Capital Ltd. Announces 2.5% Increase of Its Monthly Distribution to $0.1025 Per Share and Financial Results for the Quarter Ended March 31, 2023

MIAMI, May 02, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE: PFLT) declares its monthly distribution for May 2023 of $0.10 per share, payable on June 1, 2023 to stockholders of record as of May 16, 2023. 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 Ltd. Announces Monthly Distribution of $0.10 per Share

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MIAMI, April 13, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) (TASE: PFLT) today announced that PennantPark Senior Secured Loan Fund I, LLC (“PSSL”) through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO VI, LLC (“CLO VI”) has closed a four-year reinvestment period, twelve-year final maturity $297.8 million debt securitization in the form of a collateralized loan obligation (“CLO”).

PennantPark Floating Rate Capital Ltd.'s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I, LLC Completes $297.8 Million CLO, Marking Continued Growth in PennantPark's Middle Market CLO Platform with Six CLOs Under Management

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MIAMI, April 05, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) (TASE:PFLT) announced that it will report results for the second fiscal quarter ended March 31, 2023 on Wednesday, May 10, 2023 after the close of the financial markets.

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2023 Results

Ares Capital is a giant business development company that currently offers investors a 10.9% dividend yield. PennantPark Floating Rate Capital is a relatively small business development company that offers an 11.6% yield right now.

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With soaring profits from its health insurance business, CVS Health can raise its dividend payout at a blazing pace. PennantPark Floating Rate Capital is a business development company with steady cash flows and an eye-popping 11.6% dividend yield.

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PennantPark Floating Rate Capital had been on my watchlist for quite some time; I finally took a position recently. The business development company sold off after a share offering, right as the shares popped just a bit into premium territory.

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News for PennantPark Floating Rate Capital ETF (PFLT)