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Last $12.25 USD
Change Today -0.03 / -0.24%
Volume 8.0K
PFLT On Other Exchanges
Symbol
Exchange
NASDAQ GS
As of 10:27 AM 09/4/15 All times are local (Market data is delayed by at least 15 minutes).

pennantpark floating rate ca (PFLT) Snapshot

Open
$12.25
Previous Close
$12.28
Day High
$12.33
Day Low
$12.25
52 Week High
06/25/15 - $14.55
52 Week Low
08/24/15 - $9.87
Market Cap
327.1M
Average Volume 10 Days
177.4K
EPS TTM
$1.29
Shares Outstanding
26.7M
EX-Date
09/17/15
P/E TM
9.5x
Dividend
$1.14
Dividend Yield
9.05%
Current Stock Chart for PENNANTPARK FLOATING RATE CA (PFLT)

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pennantpark floating rate ca (PFLT) Details

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.

pennantpark floating rate ca (PFLT) Top Compensated Officers

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Compensation as of Fiscal Year 2015.

pennantpark floating rate ca (PFLT) Key Developments

PennantPark Floating Rate Capital Ltd. Amends Multi-Currency, Senior Secured Credit Facility

On August 31, 2015, PennantPark Floating Rate Capital Ltd. announced that on August 26, 2015, it amended its multi-currency, senior secured credit facility, to increase the size of its Credit Facility from $200 million to $290 million, and extend its reinvestment period to August 2018 and maturity date to August 2020. All other terms remain unchanged including its interest rate at London Interbank Offered Rate, or LIBOR, plus 200 basis points. The Credit Facility is secured by all of the assets held by PennantPark Floating Rate Funding I, LLC and includes customary covenants, including minimum asset coverage and minimum equity requirements.

PennantPark Floating Rate Capital Ltd. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended June 30, 2015

PennantPark Floating Rate Capital Ltd. reported unaudited consolidated earnings results for the third quarter and nine months ended June 30, 2015. For the quarter, the company reported total investment income of $7,104,287 compared to $7,668,533 for the same period a year ago. Net Investment Income was $4,097,146 compared to $4,362,938 a year ago. Net realized and unrealized gain from investments and Credit Facility was $629,631 compared to $578,836 a year ago. Net increase in net assets resulting from operations was $4,726,777 compared to $4,941,774 a year ago. Net increase in net assets resulting from operations per common share was $0.32 compared to $0.33 a year ago. Net investment income per common share was $0.28 compared to $0.29 a year ago. For the nine months, the company reported total investment income of $22,564,266 compared to $22,135,902 for the same period a year ago. Net Investment Income was $14,021,671 compared to $11,315,381 a year ago. Net realized and unrealized loss from investments and Credit Facility was $2,732,205 compared to net realized and unrealized gain from investments and Credit Facility $6,920,471 a year ago. Net increase in net assets resulting from operations was $11,289,466 compared to $18,235,852 a year ago. Net increase in net assets resulting from operations per common share was $0.76 compared to $1.22 a year ago. Net investment income per common share was $0.94 compared to $0.76 a year ago.

PennantPark Floating Rate Capital Ltd. to Report Q3, 2015 Results on Aug 06, 2015

PennantPark Floating Rate Capital Ltd. announced that they will report Q3, 2015 results After-Market on Aug 06, 2015

 

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