Last $14.15 USD
Change Today -0.05 / -0.35%
Volume 18.8K
PFLT On Other Exchanges
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As of 1:03 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

pennantpark floating rate ca (PFLT) Snapshot

Open
$14.24
Previous Close
$14.20
Day High
$14.25
Day Low
$14.15
52 Week High
09/10/14 - $14.47
52 Week Low
10/15/14 - $13.25
Market Cap
210.8M
Average Volume 10 Days
44.9K
EPS TTM
$0.91
Shares Outstanding
14.9M
EX-Date
11/17/14
P/E TM
15.5x
Dividend
$1.08
Dividend Yield
7.63%
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

Founder, Chairman of the Board and Chief Exec...
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Compensation as of Fiscal Year 2014.

pennantpark floating rate ca (PFLT) Key Developments

Pennantpark Floating Rate Capital Ltd. Announces Earnings Results for the Fourth Quarter and Fiscal Year Ended September 30, 2014

PennantPark Floating Rate Capital Ltd. announced earnings results for the fourth quarter and fiscal year ended September 30, 2014. For the quarter, the company reported total investment income of $30,356,832 compared to $18,867,568 a year ago. Net investment income was $16,635,675 compared to $10,523,347 a year ago. Net realized and unrealized gain from investments and credit facility was $1,004,771 compared to loss on realized and unrealized gain from investments and credit facility of $2,113,465 a year ago. Net increase in net assets resulting from operations was $20,513,971 compared to $11,984,818 a year ago. Net increase in net assets resulting from operations per common share was $1.38 compared to $1.25 a year ago. Net investment income per common share was $1.12 compared to $1.10 a year ago. Core net investment income, a non-GAAP financial measure, totaled $17.4 million and $11.3 million, or $1.17 and $1.18 per share, for the same periods. The increase in net investment income was due to a larger portfolio, which was partially offset by Credit Facility amendment costs. Operating activities used cash of $22.2 million against $124.4 million a year ago. For the quarter, investment income was $8.2 million against $6.1 million a year ago. Net investment income totaled $5.3 million or $0.36 per share against $3.6 million or $0.25 per share a year ago. Core net investment income, a non-GAAP financial measure, totaled $4.8 million and $4.0 million, or $0.32 and $0.28 per share, for the three months ended September 30, 2014 and 2013, respectively.

PennantPark Floating Rate Capital Ltd. Declares Monthly Distribution for November 2014, Payable on December 1, 2014

PennantPark Floating Rate Capital Ltd. declared monthly distribution for November 2014 of $0.09 per share, payable on December 1, 2014 to stockholders of record as of November 19, 2014.

PennantPark Floating Rate Capital Ltd., 2014 Earnings Call, Nov 14, 2014

PennantPark Floating Rate Capital Ltd., 2014 Earnings Call, Nov 14, 2014

 

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