6.86
-0.29%
Close of 9 Nov 2026, in USD
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About PennantPark Floating Rate Capital
From its filings with the US Securities and Exchange Commission
PennantPark Floating Rate Capital is based in New York, New York. Its shares trade on NYSE under the ticker PFLT. In the fiscal year to 30 September 2025, it reported net income of $66.4m. At that date it held total assets of $2.91bn and shareholders' equity of $1.07bn.
PennantPark Floating Rate Capital Ltd. is a BDC whose objectives 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.
Under normal market conditions, we generally expect that at least 80% of the value of our managed assets, which means our net assets plus any borrowings for investment purposes, will be invested in floating rate loans and other investments bearing a variable-rate of interest. We generally expect that first lien secured debt will represent at least 65% of our overall portfolio. We also generally expect to invest up to 35% of our overall portfolio opportunistically in other types of investments, including second lien secured debt and subordinated debt and, to a lesser extent, equity investments. We seek to create a diversified portfolio by generally targeting an investment size between $5 million and $30 million, on average, although we expect that this investment size will vary proportionately with the size of our capital base.
Quoted from its 10-K, filed 24 Nov 2025. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Capital Markets
- Listed since
- 8 Apr 2011
- Website
- pennantpark.com/funds/pflt ↗
- Head office
- 590 MADISON AVENUE, NEW YORK, NY, 10022
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Arthur PennChairman of the Board, Chief Executive Officer, since 2010
- Mr. Richard AllortoChief Financial Officer, Treasurer
- Mr. Gerald CumminsChief Compliance Officer
- Mr. Jose BrionesDirector
- Mr. Adam BernsteinIndependent Director$123,750
- Mr. Marshall BrozostIndependent Director$123,750
- Mr. Jeffrey FlugIndependent Director$126,250
- Mr. Samuel KatzIndependent Director$126,250
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 0
- Environment
- 0
- Social
- 0
- Governance
- 0
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Strong portfolio of high-quality floating rate loans.
- Diversified investment strategy, targeting multiple industries and sectors.
- Experienced and knowledgeable management team with a proven track record.
Weaknesses
- Vulnerability to changes in interest rates, which may impact the returns on floating rate loans.
- Reliance on external sources of funding, which may limit flexibility during market fluctuations.
- Limited international presence compared to some competitors.
Opportunities
- Expansion into new markets and sectors with growth potential.
- Increasing demand for floating rate loans as a result of rising interest rates.
- Strategic partnerships and collaborations to enhance investment opportunities.
Threats
- Intense competition within the financial industry, potentially impacting market share.
- Economic downturns or financial crises leading to defaults or credit losses.
- Regulatory changes and compliance requirements impacting investment strategies and profitability.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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