PennantPark Floating Rate Capital: Weak Dividend Coverage Offset By Increased Investment Activity [Seeking Alpha]
PennantPark Floating Rate Capital Ltd. (PFLT)
Last pennantpark floating rate capital ltd. earnings: 2/5 04:05 pm
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US:NASDAQ Investor Relations:
pennantpark.com/our-funds/pflt
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Source: Seeking Alpha
Summary I maintain my buy rating on PennantPark Floating Rate Capital due to its strong portfolio structure, consistent price range, and high dividend yield of 10.7%. PFLT's focus on first lien senior secured investments at a floating rate basis helps protect in varying interest rate environments. Despite a slight increase in non-accrual rates, PFLT's risk profile remains low, with potential relief from anticipated interest rate cuts. The distribution is fully covered by net investment income but leaves some room for improvement. DNY59 Overview When I previously covered PennantPark Floating Rate Capital ( NYSE: PFLT ) a quarter ago, I issued a buy rating because of the strong level of net investment income and consistent performance. PFLT held a high level of cash This article was written by The Gaming Dividend 3.56K Follower s Follow Financial analyst by day and a seasoned investor by passion, I've been involved in the world of investing for over 10 years and
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PFLT
News
- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2024 [Yahoo! Finance]Yahoo! Finance
- PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2024GlobeNewswire
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareGlobeNewswire
- PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
PFLT
Earnings
- 2/10/25 - Beat
PFLT
Sec Filings
- 2/10/25 - Form 10-Q
- 2/10/25 - Form 8-K
- 2/6/25 - Form 8-K
- PFLT's page on the SEC website