PennantPark Floating Rate Capital: When Being Conservative Pays Off [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
On a YTD basis, PFLT's share price is down, while the recent earnings report indicate excellent performance and improving portfolio profile. In this article I outline the key essence of Q1, 2024 earnings report and explain why, in my opinion, PFLT's investment thesis has become even more attractive. Back in December, last year, I issued a bullish thesis on PennantPark Floating Rate Capital ( NYSE: PFLT ) arguing that it is one of the greatest risk and reward plays in the BDC sector. In other words, PFLT embodies three aspects, which together render the investment case very attractive: Leverage profile is in the bottom quartile among the BDC peers. Dividend yield is ~11%, which is in line with average and attractive in absolute terms. Portfolio quality is solid with immaterial non-accrual investment and strong internal credit ratings across the board. Yet, if we look at the performance since the publication of my article from the total return perspective, we can notice tha
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PFLT
News
- PennantPark Floating Rate Capital: Q2 Proves Again That It Is One Of The Best BDCs Out There [Seeking Alpha]Seeking Alpha
- PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q2 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- PennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2024GlobeNewswire
- PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareGlobeNewswire
- Better Stock Than Its Sister: PennantPark Floating Rate Capital [Seeking Alpha]Seeking Alpha
PFLT
Earnings
- 5/8/24 - Miss
PFLT
Sec Filings
- 5/17/24 - Form 4
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- PFLT's page on the SEC website