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Last $14.12 USD
Change Today +0.0301 / 0.21%
Volume 37.2K
PFLT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 4:30 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

pennantpark floating rate ca (PFLT) Snapshot

Open
$14.09
Previous Close
$14.09
Day High
$14.20
Day Low
$14.05
52 Week High
09/10/14 - $14.47
52 Week Low
12/16/14 - $12.69
Market Cap
210.4M
Average Volume 10 Days
39.4K
EPS TTM
$1.26
Shares Outstanding
14.9M
EX-Date
04/16/15
P/E TM
11.2x
Dividend
$1.14
Dividend Yield
7.72%
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 2014.

pennantpark floating rate ca (PFLT) Key Developments

PennantPark Floating Rate Capital Ltd. Declares Monthly Distribution for March 2015, Payable on April 1, 2015

PennantPark Floating Rate Capital Ltd. declared an increase in its monthly distribution for March 2015 to $0.095 per share, payable on April 1, 2015 to stockholders of record as of March 20, 2015.

Pennantpark Floating Rate Capital Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended December 31, 2014

PennantPark Floating Rate Capital Ltd. Announced unaudited consolidated earnings results for the first quarter ended December 31, 2014. For the quarter, the company's net investment income totaled $5.5 million, or $0.37 per share, and $3.2 million, or $0.22 per share, for the three months ended December 31, 2013. Core net investment income, a non-GAAP financial measure, totaled $4.5 million and $4.5 million, or $0.30 and $0.30 per share, for the three months ended December 31, 2014 and 2013, respectively. The increase in net investment income compared to the same period in the prior year was due to a higher yielding portfolio, reduction in incentive fees on realized and unrealized gains on the portfolio and no amendment fees in the current period on credit facility. Net asset value per share was $14.16 compared to $14.40 a year ago. Total investment income was $7.476 million compared to $6.843 million a year ago. Net realized and unrealized loss from investments and credit facility was $5,030,244 compared to net realized and unrealized gain from investments and credit facility of $2,828,848 a year ago. Operating activities provided cash was $12.2 million compared to operating activities used cash of $34.9 million for the three months ended December 31, 2013. Operating activities provided cash primarily from sales and repayments on investments and financing activities used cash primarily from net repayments under the credit facility.

PennantPark Floating Rate Capital Ltd. Announces Distribution for the Month of February 2015, Payable on March 2, 2015

PennantPark Floating Rate Capital Ltd. declared monthly distribution for February 2015 of $0.09 per share, payable on March 2, 2015 to stockholders of record as of February 18, 2015.

 

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