PennantPark Floating Rate Capital: A More Reliable Alternative To PNNT [Seeking Alpha]
PennantPark Investment Corporation (PNNT)
Last pennantpark investment corporation earnings: 2/6 04:05 pm
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US:NASDAQ Investor Relations:
pennantparkinvestment.mwnewsroom.com
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Source: Seeking Alpha
Despite the fluctuation of interest rates over the last decade, the price of PFLT has remained in a consistent range and the distribution has never been cut. Although the price trades at a tiny premium to NAV, I believe entry here is ideal, as the price has consistently traded between $10-14 per share. The current dividend yield is 10.7% and distributions are paid out on a monthly basis, which makes this an ideal choice for income investors nearing or at retirement. Overview In an environment of higher interest rates, I believe that Business Development Companies are the right place to be! BDCs are a great way to offset the higher rates with a higher level of dividend income, since they direct profit from debt investments. Higher rates translate to higher interest you can collect from debt. PennantPark Floating Rate Capital NYSE: PFLT ) is one of the ways to capitalize on this interest rate environment due to their structure, strategy, and holdings. Earlier this month I had
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PNNT
News
- PennantPark Investment Co. (NASDAQ: PNNT) was upgraded by analysts at Keefe, Bruyette & Woods to a "hold" rating.MarketBeat
- PennantPark Investment Corporation (NYSE:PNNT) Q2 2024 Earnings Call Transcript Warren Buffett's Latest $2.6 Billion Buy Brings His Total Investment in This Stock to More Than $77 Billion in Under 6 Years Analyst adjusts Nvidia stock price target ahead oAcquire Media Monitor
- PennantPark Investment Co. (NASDAQ: PNNT) was downgraded by analysts at Raymond James from an "outperform" rating to a "market perform" rating.MarketBeat
- PennantPark Investment Corporation Announces 14.3% Increase of Its Monthly Distribution to $0.08 per share and Financial Results for the Quarter Ended March 31, 2024 [Yahoo! Finance]Yahoo! Finance
- PennantPark Investment Corporation Announces 14.3% Increase of Its Monthly Distribution to $0.08 per share and Financial Results for the Quarter Ended March 31, 2024GlobeNewswire
PNNT
Earnings
- 5/8/24 - Miss
PNNT
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 5/2/24 - Form 8-K
- PNNT's page on the SEC website