PennantPark Floating Rate Capital upgraded by Ladenburg Thalmann with a new price target
$PFLT
Finance: Consumer Services
Finance
Ladenburg Thalmann upgraded PennantPark Floating Rate Capital from Neutral to Buy and set a new price target of $10.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 5/13/2025 | $10.50 | Neutral → Buy | Ladenburg Thalmann |
| 12/20/2024 | Mkt Perform | Raymond James | |
| 8/12/2024 | $12.00 | Hold → Buy | Maxim Group |
| 6/8/2023 | $11.00 | Neutral | UBS |
| 8/9/2021 | $13.50 | Buy → Neutral | Ladenburg Thalmann |
| 7/9/2021 | Perform | Oppenheimer |
MIAMI, May 06, 2022 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) (TASE: PFLT) announced today the appointment of Mr. José A. Briones, Jr. to the Company's Board of Directors, effective May 3, 2022. Mr. Briones is a Senior Partner at PennantPark Investment Advisers, LLC ("PennantPark"). His appointment brings the Company's Board of Directors to six members. "On behalf of the Company's Board of Directors and PennantPark, I am delighted to welcome José to the Company's Board of Directors. José has been instrumental to our success, and we look forward to his contributions for many years ahead," said Art Penn, Chairman and CEO. "Our firm continues to p
NEW YORK, June 21, 2021 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) ("we," "our," "PFLT" or the "Company") announced today that it has appointed Richard Cheung as its Chief Financial Officer and Treasurer, effective June 21, 2021. Mr. Cheung most recently served as Senior Managing Director and Head of Alternative Investment Accounting at Guggenheim Partners, LLC ("Guggenheim"), where he has served in various roles since 2008. Prior to joining Guggenheim in 2008, Mr. Cheung spent the majority of his career at Ernst & Young LLP in its financial services industry practice where he managed audits for a variety of funds. Mr. Cheung holds a B.S. in Accounting and Fi
MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) declares its monthly distribution for June 2025 of $0.1025 per share, payable on July 1, 2025 to stockholders of record as of June 16, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. The Company, which operates as a regulated investment company ("RIC"), generates qualified interest income and short-term capital gains that may
MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced today its financial results for the second quarter ended March 31, 2025. HIGHLIGHTSQuarter ended March 31, 2025 (Unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $2,344.1 Net assets $1,067.1 GAAP net asset value per share $11.07 Quarterly change in GAAP net asset value per share (2.4)%Adjusted net asset value per share (2) $11.07 Quarterly change in adjusted net asset value per share (2) (2.4)% Credit Facility $273.8 2036 Asset-Backed Debt $284.4 2036-R Asset-Backed Debt $265.3 2026 Notes $184.2 20
MIAMI, May 02, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) declares its monthly distribution for May 2025 of $0.1025 per share, payable on June 2, 2025 to stockholders of record as of May 15, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. The Company, which operates as a regulated investment company ("RIC"), generates qualified interest income and short-term capital gains that may
MIAMI, June 03, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) declares its monthly distribution for June 2025 of $0.1025 per share, payable on July 1, 2025 to stockholders of record as of June 16, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. The Company, which operates as a regulated investment company ("RIC"), generates qualified interest income and short-term capital gains that may
MIAMI BEACH, Fla., May 22, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC ("PSSL") through PSSL's wholly-owned and consolidated subsidiary, PennantPark CLO VI, LLC ("CLO VI") has closed the reset of a four-year reinvestment period, twelve-year final maturity $315.8 million debt securitization. The debt issued in this securitization (the "Debt") is structured in the following manner: ClassPar Amount($ in millions)% of Capital StructureCouponExpected Rating(S&P)Issuance PriceA-R Loans$228,000,00072.2%3 Mo SOFR + 1.85%A-100.0%B-R Loans 18,000,0005.7%3 Mo SOFR + 4.50%BBB-100.0%C-R Loan
MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced today its financial results for the second quarter ended March 31, 2025. HIGHLIGHTSQuarter ended March 31, 2025 (Unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $2,344.1 Net assets $1,067.1 GAAP net asset value per share $11.07 Quarterly change in GAAP net asset value per share (2.4)%Adjusted net asset value per share (2) $11.07 Quarterly change in adjusted net asset value per share (2) (2.4)% Credit Facility $273.8 2036 Asset-Backed Debt $284.4 2036-R Asset-Backed Debt $265.3 2026 Notes $184.2 20
8-K - PennantPark Floating Rate Capital Ltd. (0001504619) (Filer)
10-Q - PennantPark Floating Rate Capital Ltd. (0001504619) (Filer)
8-K - PennantPark Floating Rate Capital Ltd. (0001504619) (Filer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
Ladenburg Thalmann upgraded PennantPark Floating Rate Capital from Neutral to Buy and set a new price target of $10.50
Raymond James initiated coverage of PennantPark Floating Rate Capital with a rating of Mkt Perform
Maxim Group upgraded PennantPark Floating Rate Capital from Hold to Buy and set a new price target of $12.00