Exchange: NYSE·Updated 07:30 PM EDT
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PFLT PennantPark Floating Rate Capital Ltd

$6.70
$0.00
(0.00%)
Today
Closed $6.68
$0.0186
(0.28%)
After Hours
EarningsNov 23
Mkt Cap$662.78M
Vol1.08M

About PFLT

PennantPark Floating Rate Capital Ltd. engages in providing first lien debt. It aims to generate both current income and capital appreciation while seeking to preserve capital by investing primarily in floating rate loans, and other investments made to U.S. middle-market companies. The company was founded by Arthur Howard Penn in October 2010, and is headquartered in Miami, FL.
57

Bullish Sentiment

How do you feel about PFLT?

irocnonstop
$PFLT i thought rate hile were good for this bdc. Rememeber we were at $9 then the lowered the rates everyone freaked out. Now whats the deal?
4
JDCinvest
$PFLT price action is detached from fundamentals. Dividend reset is priced in, market ignores that core debt is locked until 2038 at lower costs (SOFR+1.82%). Non-accruals remain at just 0.4%. With NAV at $10.26 and stock under $7, the 33%+ discount is a rare cyclical mispricing last seen in 2020. Waiting for November NAV validation. $10,30 nav would be good news and realy realistic.
1
JDCinvest
$PFLT ok now it's getting ridiculous😂 who ever want to start a position, buy in this 6$ range😅 also: they refinanced their debt till 2038
1
irocnonstop
$PFLT bonds are high right now. All divinded stocks taking a hit. More money in bonds returns i soppose

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