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Stock impact report

PennantPark Floating Rate Capital: I'm Buying This ~13% Yield Now [Seeking Alpha]

PennantPark Floating Rate Capital Ltd. (PFLT) 
Last pennantpark floating rate capital ltd. earnings: 2/5 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: pennantpark.com/our-funds/pflt
Company Research Source: Seeking Alpha
PFLT's focus on the core middle market allows for higher spreads and lower risk compared to upper-middle-market BDC peers (ARCC, BXSL). Despite likely dividend cuts, PFLT offers attractive, de-risked income and potential for price recovery as sector sentiment improves. In this article, I provide more details and context for my bullish stance. IvelinRadkov/iStock via Getty Images PennantPark Floating Rate Capital ( NYSE: PFLT ) is one of the many BDCs that have been thrown into the discount rack by the market. On a YTD basis, PFLT has lost about 18% of its market cap, which has resulted in a P/NAV of 0.77x. This This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of PFLT 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 relationship with any company whose sto Show less Read more
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