UBS initiated coverage on PennantPark Floating Rate Capital with a new price target
$PFLT
Finance: Consumer Services
Finance
UBS initiated coverage of PennantPark Floating Rate Capital with a rating of Neutral and set a new price target of $11.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
4 - PennantPark Floating Rate Capital Ltd. (0001504619) (Issuer)
MIAMI, March 04, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) declares its monthly distribution for March 2025 of $0.1025 per share, payable on April 1, 2025 to stockholders of record as of March 14, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. The Company, which operates as a regulated investment company ("RIC"), generates qualified interest income and short-term capital gains that
MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced today its financial results for the first quarter ended December 31, 2024. HIGHLIGHTSQuarter ended December 31, 2024 (Unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $2,193.9 Net assets $962.7 GAAP net asset value per share $11.34 Quarterly increase in GAAP net asset value per share 0.3%Adjusted net asset value per share (2) $11.34 Quarterly increase in adjusted net asset value per share (2) 0.3% Credit Facility $608.8 2036 Asset-Backed Debt $284.2 2036-R Asset Backed Debt $265.3 2026 Notes $184.0 Regulatory debt to equity
MIAMI, Feb. 05, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) declares its monthly distribution for February 2025 of $0.1025 per share, payable on March 3, 2025 to stockholders of record as of February 18, 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 gai
8-K - PennantPark Floating Rate Capital Ltd. (0001504619) (Filer)
8-K - PennantPark Floating Rate Capital Ltd. (0001504619) (Filer)
10-Q - 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)
MIAMI, March 04, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) declares its monthly distribution for March 2025 of $0.1025 per share, payable on April 1, 2025 to stockholders of record as of March 14, 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
MIAMI, Feb. 21, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE:PFLT) today announced that it completed a $474.6 million term debt securitization transaction with a four-year reinvestment period, twelve-year final maturity in the form of a collateralized loan obligation ("CLO"). The debt issued in this securitization transaction (the " Debt") is structured in the following manner: ClassPar Amount($ in millions)% of Capital StructureCouponExpected Rating(S&P)Issuance PriceA-1L-A Loans$10,000,0002.1%3 Mo SOFR + 1.49%AAA100.0%A-1L-B Loans 45,000,0009.5%3 Mo SOFR + 1.49%AAA100.0%A-1 Notes 220,500,00046.5%3 Mo SOFR + 1.49%AAA100.0%A
MIAMI, Feb. 10, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced today its financial results for the first quarter ended December 31, 2024. HIGHLIGHTSQuarter ended December 31, 2024 (Unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $2,193.9 Net assets $962.7 GAAP net asset value per share $11.34 Quarterly increase in GAAP net asset value per share 0.3%Adjusted net asset value per share (2) $11.34 Quarterly increase in adjusted net asset value per share (2) 0.3% Credit Facility $608.8 2036 Asset-Backed Debt $284.2 2036-R Asset Backed Debt $265.3 2026 Notes $184.0 Regulatory debt to equity
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
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
UBS initiated coverage of PennantPark Floating Rate Capital with a rating of Neutral and set a new price target of $11.00