PF
PennantPark Floating Rate Capital Ltd
PFLT—
PennantPark Floating Rate Capital Ltd AI Insights
Informational only. Not investment advice.Snapshot
- Net margin TTM of 84.8% vs industry median 95% - high but interest expense (93.2M) exceeds total revenue (78.3M), indicating leverage-dependent model.[Net Margin]
- Trading at 0.90x P/B TTM vs book value $10.82/share - 10% discount to NAV despite 108% EPS 3Y CAGR.[P/B Ratio]
- Dividend payout ratio 7Y avg of 364% - paying out far more than earnings, funded by capital markets or NAV erosion.[Dividend Payout Ratio 7Y Avg]
Watch Triggers
- Gain/Loss on Investment Securities: Losses exceed -400M or 2 consecutive quarters of losses — Credit losses directly erode NAV and dividend coverage
- Book Value Per Share: Falls below $10.00 (current $10.82) — NAV erosion signals unsustainable dividend policy
- Net Common Stock Issuance: Equity raises resume after $0 TTM — Dilution to fund dividends destroys shareholder value
Bull Case
10% NAV discount (P/B 0.90x) with 11.4% dividend yield ($1.23/share TTM) offers income at depressed valuation if credit holds.
P/B RatioDividends Paid Per Share
Revenue 3Y CAGR of 89% and EPS 3Y CAGR of 108% show portfolio scaling - floating rate assets benefit from higher-for-longer rates.
Total Revenue 3Y GrowthEPS Growth 3Y
Bear Case
Investment losses of -367.7M TTM signal credit deterioration in loan book; ROIC of 2.7% barely covers cost of 1.65x leverage.
Gain/Loss on Investment SecuritiesROICDebt to Equity
Negative FCF (-720.6M TTM) and 364% payout ratio mean dividends depend on continuous capital raising, not earnings.
Free Cash FlowDividend Payout Ratio 7Y Avg
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
40%
Leverage PFLT's top insights and create a custom strategy based on them in seconds. Our AI editor does it all — in one click.
Forward Thesis
Dividend sustainability at risk if credit losses materialize in floating rate loan portfolio.
1-3ymed
- Interest expense exceeds revenue - spread compression vulnerability
- Negative FCF TTM (-720.6M) requires external funding
- EPS down 38% 1Y despite 89% revenue 3Y growth
FCF TTM: -720.6MEPS 1Y growth: -37.9%Debt/Equity: 1.65x
Valuation Context
Caveats
Public Strategies Rankings
See how PennantPark Floating Rate Capital Ltd ranks across different investment strategies.
Leverage PFLT's top insights and create a custom strategy in seconds. Our AI editor does it all — in one click.
PFLT Fundamentals
Finance and Insurance → Securities, Commodity Contracts, and Other Financial Investments and Related Activities
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$946.25M | — | ||
$2.6B | — | ||
13 | — | ||
$78.29M | -27.9% | — | |
$0.72 | -48.6% | — | |
0% | — | ||
84.8% | +0.2% | — | |
$-720.58M | — | ||
0.07 | -5.2% | — | |
Beta 5Y (Monthly) | unknown | — |
PFLT Dividend History
176 dividends
2026
$0.102501/16/26$0.1025
2025
$1.230012/15/25$0.1025
11/17/25$0.1025
10/15/25$0.1025
09/15/25$0.1025
08/15/25$0.1025
07/15/25$0.1025
06/16/25$0.1025
05/15/25$0.1025
04/15/25$0.1025
03/14/25$0.1025
02/18/25$0.1025
01/15/25$0.1025
2024
$1.230012/16/24$0.1025
11/15/24$0.1025
10/16/24$0.1025
09/16/24$0.1025
08/16/24$0.1025
07/15/24$0.1025
06/14/24$0.1025
05/14/24$0.1025
04/12/24$0.1025
03/15/24$0.1025
02/14/24$0.1025
01/12/24$0.1025
2023
$1.207512/15/23$0.1025
11/15/23$0.1025
10/16/23$0.1025
09/15/23$0.1025
08/15/23$0.1025
07/14/23$0.1025
06/14/23$0.1025
05/15/23$0.1000
04/17/23$0.1000
03/15/23$0.1000
02/15/23$0.0950
01/18/23$0.0950
2022
$1.140012/16/22$0.0950
11/16/22$0.0950
10/17/22$0.0950
09/16/22$0.0950
08/17/22$0.0950
07/15/22$0.0950
06/16/22$0.0950
05/17/22$0.0950
04/14/22$0.0950
03/16/22$0.0950
02/14/22$0.0950
01/14/22$0.0950
2021
$1.140012/17/21$0.0950
11/16/21$0.0950
10/15/21$0.0950
09/16/21$0.0950
08/17/21$0.0950
07/16/21$0.0950
06/16/21$0.0950
05/14/21$0.0950
04/14/21$0.0950
03/17/21$0.0950
02/11/21$0.0950
01/15/21$0.0950
2020
$1.140012/16/20$0.0950
11/16/20$0.0950
10/20/20$0.0950
09/16/20$0.0950
08/18/20$0.0950
07/15/20$0.0950
06/16/20$0.0950
05/15/20$0.0950
04/15/20$0.0950
03/17/20$0.0950
02/14/20$0.0950
01/15/20$0.0950
2019
$1.140012/18/19$0.0950
11/13/19$0.0950
10/16/19$0.0950
09/16/19$0.0950
08/16/19$0.0950
07/17/19$0.0950
06/14/19$0.0950
05/17/19$0.0950
04/16/19$0.0950
03/19/19$0.0950
02/13/19$0.0950
01/16/19$0.0950
2018
$1.092012/18/18$0.0950
11/19/18$0.0950
10/17/18$0.0820
09/14/18$0.0780
08/20/18$0.0770
07/17/18$0.0950
06/15/18$0.0950
05/17/18$0.0950
04/16/18$0.0950
03/16/18$0.0950
02/15/18$0.0950
01/17/18$0.0950
2017
$1.140012/22/17$0.0950
11/16/17$0.0950
10/18/17$0.0950
09/19/17$0.0950
08/16/17$0.0950
07/18/17$0.0950
06/19/17$0.0950
05/17/17$0.0950
04/17/17$0.0950
03/20/17$0.0950
02/15/17$0.0950
01/18/17$0.0950
2016
$1.140012/20/16$0.0950
11/16/16$0.0950
10/18/16$0.0950
09/19/16$0.0950
08/17/16$0.0950
07/18/16$0.0950
06/16/16$0.0950
05/18/16$0.0950
04/18/16$0.0950
03/16/16$0.0950
02/16/16$0.0950
01/15/16$0.0950
2015
$1.130012/22/15$0.0950
11/17/15$0.0950
10/19/15$0.0950
09/17/15$0.0950
08/20/15$0.0950
07/20/15$0.0950
06/11/15$0.0950
05/18/15$0.0950
04/16/15$0.0950
03/18/15$0.0950
02/13/15$0.0900
01/16/15$0.0900
2014
$1.080012/17/14$0.0900
11/17/14$0.0900
10/20/14$0.0900
09/24/14$0.0900
08/18/14$0.0900
07/16/14$0.0900
06/17/14$0.0900
05/15/14$0.0900
04/16/14$0.0900
03/18/14$0.0900
02/14/14$0.0900
01/17/14$0.0900
2013
$1.047512/18/13$0.0900
11/18/13$0.0900
10/17/13$0.0875
09/18/13$0.0875
08/19/13$0.0875
07/17/13$0.0875
06/19/13$0.0875
05/16/13$0.0875
04/17/13$0.0875
03/20/13$0.0875
02/14/13$0.0850
01/17/13$0.0825
2012
$0.947512/19/12$0.0825
11/16/12$0.0825
10/17/12$0.0825
09/18/12$0.0800
08/16/12$0.0800
07/18/12$0.0800
06/19/12$0.0800
05/18/12$0.0800
04/18/12$0.0750
03/20/12$0.0750
02/15/12$0.0750
01/18/12$0.0750
2011
$0.460012/21/11$0.0700
11/17/11$0.0700
10/19/11$0.0700
09/21/11$0.0700
08/18/11$0.0700
07/20/11$0.0600
06/22/11$0.0500
PFLT Stock Splits
No stock splits
PFLT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
11/24/25 | 09/30/25 | Unknown | |
08/11/25 | 06/30/25 | 10-Q | |
05/12/25 | 03/31/25 | 10-Q | |
02/10/25 | 12/31/24 | 10-Q | |
11/26/24 | 09/30/24 | 10-K | |
08/07/24 | 06/30/24 | 10-Q | |
05/08/24 | 03/31/24 | 10-Q | |
02/07/24 | 12/31/23 | 10-Q | |
12/08/23 | 09/30/23 | 10-K | |
08/09/23 | 06/30/23 | 10-Q | |
05/11/23 | 03/31/23 | 10-Q | |
02/08/23 | 12/31/22 | 10-Q | |
11/17/22 | 09/30/22 | 10-K | |
08/03/22 | 06/30/22 | 10-Q | |
05/05/22 | 03/31/22 | 10-Q | |
02/09/22 | 12/31/21 | 10-Q | |
11/17/21 | 09/30/21 | 10-K | |
08/04/21 | 06/30/21 | 10-Q | |
05/05/21 | 03/31/21 | 10-Q | |
02/09/21 | 12/31/20 | 10-Q | |
11/18/20 | 09/30/20 | 10-K | |
08/05/20 | 06/30/20 | 10-Q | |
05/11/20 | 03/31/20 | 10-Q | |
02/05/20 | 12/31/19 | 10-Q | |
11/20/19 | 09/30/19 | 10-K | |
08/07/19 | 06/30/19 | 10-Q | |
05/08/19 | 03/31/19 | 10-Q | |
02/06/19 | 12/31/18 | 10-Q | |
11/14/18 | 09/30/18 | 10-K | |
08/08/18 | 06/30/18 | 10-Q | |
05/10/18 | 03/31/18 | 10-Q | |
02/08/18 | 12/31/17 | 10-Q | |
11/30/17 | 09/30/17 | 10-K | |
08/08/17 | 06/30/17 | 10-Q | |
05/09/17 | 03/31/17 | 10-Q | |
02/09/17 | 12/31/16 | 10-Q | |
11/22/16 | 09/30/16 | 10-K | |
08/09/16 | 06/30/16 | 10-Q | |
05/05/16 | 03/31/16 | 10-Q | |
02/04/16 | 12/31/15 | 10-Q | |
11/12/15 | 09/30/15 | 10-K | |
08/06/15 | 06/30/15 | 10-Q | |
05/07/15 | 03/31/15 | 10-Q | |
02/05/15 | 12/31/14 | 10-Q | |
11/13/14 | 09/30/14 | 10-K | |
08/06/14 | 06/30/14 | 10-Q | |
05/08/14 | 03/31/14 | 10-Q | |
02/06/14 | 12/31/13 | 10-Q | |
11/14/13 | 09/30/13 | 10-K | |
08/08/13 | 06/30/13 | 10-Q | |
05/09/13 | 03/31/13 | 10-Q | |
02/07/13 | 12/31/12 | 10-Q | |
11/14/12 | 09/30/12 | 10-K | |
08/09/12 | 06/30/12 | 10-Q | |
05/03/12 | 03/31/12 | 10-Q | |
02/09/12 | 12/31/11 | 10-Q | |
08/09/12 | 06/30/11 | 10-Q |