PennantPark Floating Rate Capital Ltd.
PFLT · Price history
Price at last available close
$6.73
−$0.27 (-3.86%) 1M
2026-10-28
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Company & revenue
About PennantPark Floating Rate Capital Ltd.
Primary reporting period: 2025-09-30 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization.
How they make money
PennantPark Floating Rate Capital Ltd. is a business development company that generates income primarily through interest and fee payments from its investment portfolio. It invests in floating rate loans and other debt and equity instruments of U.S. middle-market companies, financing these activities through a combination of equity capital and debt facilities.
Products & services
The company provides financing solutions to middle-market companies, primarily through senior secured loans, mezzanine debt, and equity investments.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- U.S. middle-market companiesSource
Customer concentration
The company's investment portfolio is diversified across various industries and borrowers; no single borrower represented more than 5% of the total portfolio at fair value as of September 30, 2025.
Suppliers, materials & equipment
- Investment Adviser — PennantPark Investment Advisers, LLC provides management and administrative services to the company.Source
Business relationships & partnerships
- PennantPark Senior Secured Loan Fund I LLC — A joint venture investment vehicle in which the company participates to co-invest in senior secured loans.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly EPS fell 66.7% versus the same quarter last year.
Review net income and weighted-average shares together. Per-share earnings can change because of operating performance, nonrecurring items or the share denominator.
Diluted weighted-average shares increased 21.5% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
57
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
35
Poor
Financial Strength
37
Business Quality / Moat
28
Management
23
Growth Quality
52
Risk / Durability
51
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
74
Fair
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
69/100
Building Historical Record
Model Score 69/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently moderate.
- •Asset quality scores strongly
- •Valuation scores attractively
- •Insider activity signal is favorable
- •Elevated debt risk
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for PFLT
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can PFLT maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is PFLT's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •Is PFLT's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •Is PFLT's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of PFLT's score?
Essential Investment Snapshot
Wall Street Score
57
Opportunity Score
74
Market Cap
$667.7M
P/E Ratio
13.0
EPS
$0.51
52-Week High
$9.75
52-Week Low
$6.58
Beta
0.80
Intrinsic Value
$19.79
Analyst Target
$8.75
Shares Outstanding
92.5M
Total Revenue
$177.6M
Total Debt
$1.57B
Reported Dividend Yield
16.79%
Liquidation Value / Share
$11.00
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Neutral / mixed momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for PFLT
Detected from reported data — verify before acting.Dividend history reported
The provider reports a dividend yield. Confirm the latest declaration before treating it as a current payment.
Elevated debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on PFLT.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Experienced investment team with deep middle-market expertise.
- +Focus on floating rate assets providing protection against interest rate volatility.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Debt risk (elevated): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Cash covers less than 20% of total debt.
- −Credit risk associated with middle-market borrowers.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
57
Oct 1, 2026
Change
+0.5
points
Current Score
57
Oct 12, 2026
Category Changes
PFLT increased 0.5 points because overall fundamentals improved.
Projected Score
Projected Score
51
Projected Change
-6.4 points
Preliminary comparable-period financial changes suggest decline of approximately 6.4 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
UndervaluedCurrent Price
$6.73
Model Intrinsic Value
$19.79
Difference
−$13.06
-66.0% vs IV
Margin of Safety
66.0%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $177.6M | $171.5M | $167.8M | $80.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $79.6M | $93.2M | $59.2M | $38.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $98.0M | $78.3M | $108.6M | $42.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $6.9M | $7.5M | $6.7M | $4.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | -$2.8M | $10.8M | $15.7M | $4.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $100.1M | $67.5M | $94.9M | $39.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $100.8M | $67.5M | $92.9M | $37.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $102.1M | $93.2M | $59.2M | $38.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $50.3M | $67.5M | $92.9M | $37.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $1K | $1.1M | $1.1M | -$1.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $50.2M | $66.4M | $91.8M | $39.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $0.51 | $0.72 | $1.40 | $0.77 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 99.22M | 92.54M | 65.73M | 50.83M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 99.22M | 92.54M | 65.73M | 50.83M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$46.8M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.08
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+13.2%
Cash Change
-50.6%
Margin Change
-24.8 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Weakened
- Margins contracted
- Cash position declined
- Debt increased
Potential Score Impact
Pressure indicators included revenue growth, EPS growth, cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 0.7%. EPS declined 66.7%. Cash declined 50.6%. Total debt increased 13.2%. Net income margin declined by 24.8 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
A dividend is reported, but detailed payment history is temporarily unavailable or awaiting refresh.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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News
PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Fourth Fiscal Quarter 2026 Results
PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.0833 per Share
5 Stocks Under $10 to Buy Now for Immediate Monthly Cash Flow
Capital Southwest Vs PennantPark Floating Rate: U.S. Middle-Market Lending Faces Surging Treasury Rates
Rumor Mill · PFLT
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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