Headquartered in Miami Beach, FL Fiscal year ends September NYSE: PFLT pflt.pennantpark.com
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a business development company that primarily invests in U.S. middle-market companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt, with selective equity investments. The company's portfolio of approximately $2.5 billion consists of 159 companies with 99% variable-rate debt investments. PFLT also has exposure through two unconsolidated joint ventures: PennantPark Senior Secured Loan Fund I LLC (PSSL, $1.1 billion portfolio) and PennantPark Senior Secured Loan Fund II LLC (PSSL II, $320 million portfolio). The company is externally managed by PennantPark Investment Advisers, LLC, a middle-market credit platform managing approximately $10 billion of investable capital across offices in Miami, New York, Chicago, Houston, Los Angeles, Amsterdam, and Zurich. Updated
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PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a business development company that primarily invests in U.S. middle-market companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt, with selective equity investments.
The Wall Street consensus 12-month price target for PFLT is $9.75.
