Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $14.15 USD
Change Today +0.01 / 0.07%
Volume 38.4K
PFLT On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

pennantpark floating rate ca (PFLT) Snapshot

Open
$14.18
Previous Close
$14.14
Day High
$14.21
Day Low
$14.11
52 Week High
05/4/15 - $14.50
52 Week Low
12/16/14 - $12.69
Market Cap
210.8M
Average Volume 10 Days
49.3K
EPS TTM
$1.35
Shares Outstanding
14.9M
EX-Date
05/18/15
P/E TM
10.5x
Dividend
$1.14
Dividend Yield
7.74%
Current Stock Chart for PENNANTPARK FLOATING RATE CA (PFLT)

pennantpark floating rate ca (PFLT) Related Bloomberg News

View More Bloomberg News

pennantpark floating rate ca (PFLT) Related Businessweek News

View More BusinessWeek News

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

Founder, Chairman of the Board and Chief Exec...
Total Annual Compensation: --
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: --
Partner
Total Annual Compensation: --
Partner
Total Annual Compensation: --
Secretary
Total Annual Compensation: --
Compensation as of Fiscal Year 2014.

pennantpark floating rate ca (PFLT) Key Developments

PennantPark Floating Rate Capital Ltd. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2015

PennantPark Floating Rate Capital Ltd. announced unaudited consolidated earnings results for the second quarter and six months ended March 31, 2015. For the quarter, the company reported total investment income of $7,983,259 compared to $7,623,476 a year ago. Net investment income was $4,456,079 compared to $3,724,510 a year ago. Net realized and unrealized gain from investments and Credit Facility was $1,668,408 compared to $3,512,787 a year ago. Net increase in net assets resulting from operations was $6,124,487 compared to $7,237,297 a year ago. Net increase in net assets resulting from operations per diluted share was $0.41 compared to $0.49 a year ago. Net investment income per diluted share was $0.30 compared to $0.25 a year ago. For the six months, the company reported total investment income of $15,459,979 compared to $14,467,369 a year ago. Net investment income was $9,924,525 compared to $6,952,443 a year ago. Net realized and unrealized loss from investments and Credit Facility was $3,786,690 compared to net realized and unrealized gain from investments and Credit Facility of $6,341,635 a year ago. Net increase in net assets resulting from operations was $6,562,689 compared to $13,294,078 a year ago. Net increase in net assets resulting from operations per diluted share was $0.44 compared to $0.89 a year ago. Net investment income per diluted share was $0.67 compared to $0.47 a year ago. Net asset value per share was $14.30. The increase in investment income compared to the same periods over the prior year was primarily due to a higher yielding portfolio. The increase in net investment income compared to the same periods in the prior year was due to a higher yielding portfolio, reduction in incentive fees on net realized and net unrealized gains on the portfolio and the absence of amendment fees in the current period on Credit Facility. The change in net unrealized appreciation compared to the same period in the prior year was primarily due to changes in the capital markets. Operating activities provided cash of $33.9 million for the six months ended March 31, 2015.

PennantPark Floating Rate Capital Announces Monthly Dividend

PennantPark Floating Rate Capital announced monthly dividend of $0.095 per share.

MCG Capital Corporation, PennantPark Floating Rate Capital Ltd. - M&A Call

To discuss the transaction of merger agreement between MCG Capital Corporation with PennantPark Floating Rate Capital Ltd

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
PFLT:US $14.15 USD +0.01

PFLT Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for PFLT.
View Industry Companies
 

Industry Analysis

PFLT

Industry Average

Valuation PFLT Industry Range
No financial data is available for PFLT.
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact PENNANTPARK FLOATING RATE CA, please visit www.pennantpark.com/pflt/about/index.php. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.