PennantPark Floating Rate Capital Ltd. (PFLT) Stock

PennantPark Floating Rate Capital Ltd. (PFLT) is a Financial Services stock trading at $6.87 (as of 2026-07-24), with a market capitalization of $681.63M and a trailing P/E of 7.3. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

PennantPark Floating Rate Capital Ltd. is a business development company that makes direct investments, including floating-rate loans and related equity securities, in private or less liquid middle-market companies. It primarily targets U.S. issuers and, to a limited extent, non-U.S. companies, with investments typically ranging from a few million dollars up to tens of millions.

Understand PennantPark Floating Rate Capital Ltd.: how it makes money

PennantPark Floating Rate Capital Ltd. makes secondary direct investments, primarily through floating rate loans, in private or thinly traded middle market companies, and it also takes equity securities (including warrants or options) connected to those deals.

Its profit engine is the combination of floating rate loan exposure to private and thinly traded middle market borrowers, plus equity and warrant positions that it can receive in connection with debt investments.

Business quality (Solid): Clear focus on floating rate loans to middle market companies, with added return sources via equity and warrant holdings, but results will be sensitive to how those loan and equity investments perform.

Valuation: At 12× earnings, PFLT trades 15% above the Asset Management average (10×). Note: one-time items can distort reported P/E.

Bull case

  • Targeted floating rate lending: It primarily invests through floating rate loans, which can help align its investment returns with changes in interest rates.
  • Deal-linked upside: In addition to loans, it may receive equity securities (preferred or common stock) and warrants or options in connection with debt investments.

Bear case

  • Credit and business performance risk: The fund invests in private or thinly traded, small market-cap middle market companies, which can increase uncertainty around borrower performance.
  • Liquidity and valuation risk: Because it invests in securities of private or thinly traded companies, exiting or valuing positions may be more challenging than for more liquid assets.
Valuation — source: SEC EDGAR (first-party)
Price$6.87
Market Cap$681.63M
P/E Ratio7.3
Price / Book0.66
Price / Sales2.57
DCF Value (model)$10.19
DCF Upside vs Price48.3%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$261.43M
Net Margin25.4%
Revenue Growth (YoY)6.5%
Valuation vs Sector & Industry
Stock P/E7.3
Sector P/E (Financial Services)8.9
Industry P/E (Asset Management)8.9
vs Sector-18.4%
vs Industry-18.6%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Insider Buys (12mo)1
Top Institutional HolderSound Income Strategies, LLC ($39.58M)
Institutional Holders Tracked10
Company
SectorFinancial Services
IndustryAsset Management
CEOArthur Howard Penn
Employees0
CountryUS
IPO Date2011-04-08

Related Companies (Business model: Closed-End Fund; 8 closest by market cap; US-domiciled)

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PFLT earnings history · PFLT institutional & insider holders · PFLT KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.