MidCap Financial Could Be Poised To Generate Healthy Returns In 2024 [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
Company Research
Source: Seeking Alpha
The company's strategy of diversifying its investment portfolio and focusing on first-lien loans lowers the risk factor. MidCap Financial has a strong liquidity position and has been actively capitalizing on attractive opportunities in the middle market. With a track record of $110 billion in lending commitments in the last decade, MidCap Financial ( NASDAQ: MFIC ) is likely to benefit from improving deal activity. The middle-market business development company is poised to capitalize on the potential opportunities with its strong liquidity position. Moreover, the company's strategy of diversifying its investment portfolio and strictly focusing on first-lien loans lowers the risk factor. As I expect MFIC's robust earnings potential to help generate healthy returns for shareholders in 2024, I maintain my buy recommendation. It generated a total return of 17% since my last article, outperforming the S&P 500's 12% return. Improving End Market Supports MidCap Financial's Growth Pot
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PFLT
News
- Better Stock Than Its Sister: PennantPark Floating Rate Capital [Seeking Alpha]Seeking Alpha
- PennantPark (PFLT) Stock Moves -0.45%: What You Should Know [Yahoo! Finance]Yahoo! Finance
- PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 ResultsGlobeNewswire
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareGlobeNewswire
PFLT
Earnings
- 2/7/24 - Beat
PFLT
Sec Filings
- 4/18/24 - Form 8-K
- 4/3/24 - Form 8-K
- 4/2/24 - Form 8-K
- PFLT's page on the SEC website