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Pennantpark Floating Rate Capital Ltd
3 own
5 watching
Current Price
$10.53
$-0.22
(-2.05%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
Market Capitalization
478.4M
52-Week High
13.22
52-Week Low
9.4262
Average Volume
0.54M
Dividend Yield
0.083455
P/E Ratio
12.7
Market Capitalization478.4M52-Week High13.2252-Week Low9.4262Average Volume0.54MDividend 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.
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News & Events about Pennantpark Floating Rate Capital Ltd.
Globe Newswire
1month 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
4 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
9 months 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 ...
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Current Price
$10.53
$-0.22
(-2.05%)
1 Week Returns
3 Months Returns
1 Year Returns
Get Started with as little as $1.00
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