We use third-party cookies to provide support. By continuing to browse this website,
you accept our privacy policy.
Pennantpark Floating Rate Capital Ltd
4 own
5 watching
Current Price
$10.51
$-0.15
(-1.41%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
Market Capitalization
626.11M
52-Week High
12.33000
52-Week Low
8.84000
Average Volume
0.33M
Dividend Yield
0.083455
P/E Ratio
12.7
Market Capitalization626.11M52-Week High12.3300052-Week Low8.84000Average Volume0.33MDividend Yield0.083455P/E Ratio12.7What does the Pennantpark Floating Rate Capital Ltd do?
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.
Read More
News & Events about Pennantpark Floating Rate Capital Ltd.
Globe Newswire
5 months ago
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 PSSLs wholly-owned and consolidated subsidiary, PennantPark CLO VI, LLC (CLO VI) has closed a four-...
Globe Newswire
8 months ago
MIAMI, Jan. 23, 2023 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT), a business development company (the Company), today announced that it has entered into an agreement to sell 4,250,000 shares of common stock resulting in net proceeds exclusive of offering ...
Globe Newswire
1 year ago
MIAMI, Aug. 08, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (TASE: PFLT), a business development company (the Company), today announced that it has priced an underwritten primary offering of 4,000,000 shares of its common stock at a public offering price of $12.40 ...
Globe Newswire
1 year ago
MIAMI, May 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the Company) (NYSE: PFLT) (TASE: PFLT) announced today the appointment of Mr. Jos A. Briones, Jr. to the Companys Board of Directors, effective May 3, 2022. Mr. Briones is a Senior Partner at PennantPark Investment ...
Fool.com Headlines
1 year ago
These top-notch income stocks offer an average yield of 8.62%!Although there are a lot of ways to make money on Wall Street, buying dividend stocks is one of the smartest.Nine years ago, J.P. Morgan Asset Management, a division of money-center giant JPMorgan Chase, issued a report comparing the ...
Frequently Asked Questions
Frequently Asked Questions
What is Pennantpark Floating Rate Capital Ltd share price today?
Can Indians buy Pennantpark Floating Rate Capital Ltd shares?
How can I buy Pennantpark Floating Rate Capital Ltd shares from India?
Can Fractional shares of Pennantpark Floating Rate Capital Ltd be purchased?
What are the documents required to start investing in Pennantpark Floating Rate Capital Ltd stocks?
What is today’s traded volume of Pennantpark Floating Rate Capital Ltd?
What is today’s market capitalisation of Pennantpark Floating Rate Capital Ltd?
What is the 52-Week High and Low Range of Pennantpark Floating Rate Capital Ltd?
What percentage is Pennantpark Floating Rate Capital Ltd down from its 52-Week High?
What percentage is Pennantpark Floating Rate Capital Ltd up from its 52-Week Low?
Current Price
$10.51
$-0.15
(-1.41%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
Related Stocks
Sign up and dive into a whole new world of investing.
Join over 370,000 who have signed up and are using Stockal successfully already.
Related Stocks
Sign up and dive into a whole new world of investing.
Join over 370,000 who have signed up and are using Stockal successfully already.