PennantPark Floating Rate Capital: 15% Yield, 23% Discount, But A Clear No-Go [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
PFLT's P/NAV has fallen to 0.77x, and the dividend yield is ~15%, but these are supported by aggressive leverage and unconsolidated JVs. Q4 2025 core NII per share covered only 88% of the base dividend, with leverage at 1.57x—well above prudent sector norms. I avoid PFLT, favoring defensive BDCs, as current risks from leverage and market uncertainties outweigh the discounted valuation. esemelwe/iStock via Getty Images In December 2025, I decided to downgrade PennantPark Floating Rate Capital ( PFLT ) because of three reasons: Base dividend coverage was well below 100% (worse than for most other sector peers). Leverage was meaningfully above a This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of KBDC either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relat
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PFLT
News
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareGlobeNewswire
- PennantPark Floating Rate Capital Ltd. Prices Public Offering of $200 Million 6.75% NotesGlobeNewswire
- PennantPark Floating Rate Capital Ltd. Completes the Reset of a $356.5 Million Securitization, Substantially Reducing Borrowing Costs [Yahoo! Finance]Yahoo! Finance
- PennantPark Floating Rate Capital Ltd. Completes the Reset of a $356.5 Million Securitization, Substantially Reducing Borrowing CostsGlobeNewswire
- PennantPark Floating Rate Capital (NASDAQ:PFLT) had its price target lowered by analysts at Keefe, Bruyette & Woods from $10.50 to $10.00. They now have an "outperform" rating on the stock.MarketBeat
PFLT
Earnings
- 2/9/26 - Miss
PFLT
Sec Filings
- 3/12/26 - Form 4
- 3/4/26 - Form 8-K
- 3/3/26 - Form 8-K
- PFLT's page on the SEC website