PennantPark Floating Rate Capital Ltd
Prices are adjusted according to historical splits.
Vitals
- Today's Low:
- $10.72
- Today's High:
- $10.835
- Open Price:
- $10.78
- 52W Low:
- $8.5376
- 52W High:
- $11.4607
- Prev. Close:
- $10.81
- Volume:
- 343463
Company Statistics
- Market Cap.:
- $634.92 million
- Book Value:
- 10.955
- Revenue TTM:
- $132.39 million
- Operating Margin TTM:
- 76.44%
- Gross Profit TTM:
- $105.49 million
- Profit Margin:
- -1.45%
- Return on Assets TTM:
- 5.11%
- Return on Equity TTM:
- -0.35%
Company Profile
PennantPark Floating Rate Capital Ltd had its IPO on 2011-04-08 under the ticker symbol PFLT.
The company operates in the Financial Services sector and Asset Management industry. PennantPark Floating Rate Capital Ltd has a staff strength of 0 employees.
Stock update
Shares of PennantPark Floating Rate Capital Ltd opened at $10.78 at the start of the last trading session i.e. 2023-09-12.
The stocks traded within a range of $10.72 - $10.84, and closed at $10.73.
This is a -0.74% slip from the previous day's closing price.
A total volume of 343,463 shares were traded at the close of the day’s session.
In the last one week, shares of PennantPark Floating Rate Capital Ltd have slipped by -0.92%.
PennantPark Floating Rate Capital Ltd's Key Ratios
PennantPark Floating Rate Capital Ltd has a market cap of $634.92 million, indicating a price to book ratio of 0.985 and a price to sales ratio of 4.9436.
In the last 12-months PennantPark Floating Rate Capital Ltd’s revenue was $132.39 million with a gross profit of $105.49 million and an EBITDA of $0. The EBITDA ratio measures PennantPark Floating Rate Capital Ltd's overall financial performance and is widely used to measure its profitability.
In the trailing 12-month period, PennantPark Floating Rate Capital Ltd’s operating margin was 76.44% while its return on assets stood at 5.11% with a return of equity of -0.35%.
In Q2, PennantPark Floating Rate Capital Ltd’s quarterly earnings growth was a negative -18.6% while revenue growth was a positive 46.6%.
PennantPark Floating Rate Capital Ltd’s PE and PEG Ratio
- Forward PE
- 8.8731
- Trailing PE
- 0
- PEG
- 0.266
Its diluted EPS in the last 12-months stands at $-0.11 per share while it has a forward price to earnings multiple of 8.8731 and a PEG multiple of 0.266. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.
The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into PennantPark Floating Rate Capital Ltd’s profitability.
PennantPark Floating Rate Capital Ltd stock is trading at a EV to sales ratio of 82.739 and a EV to EBITDA ratio of 26.0112. Its price to sales ratio in the trailing 12-months stood at 4.9436.
PennantPark Floating Rate Capital Ltd stock pays annual dividends of $1.163 per share, indicating a yield of 11.55% and a payout ratio of 31.54%.
Balance sheet and cash flow metrics
- Total Assets
- $1.18 billion
- Total Liabilities
- $262.12 million
- Operating Cash Flow
- $0
- Capital Expenditure
- $0
- Dividend Payout Ratio
- 31.54%
PennantPark Floating Rate Capital Ltd ended 2024 with $1.18 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.18 billion while shareholder equity stood at $608.43 million.
PennantPark Floating Rate Capital Ltd ended 2024 with $0 in deferred long-term liabilities, $262.12 million in other current liabilities, 56000.00 in common stock, $-122157000.00 in retained earnings and $0 in goodwill. Its cash balance stood at $59.09 million and cash and short-term investments were $59.09 million. The company’s total short-term debt was $262,120,000 while long-term debt stood at $0.
PennantPark Floating Rate Capital Ltd’s total current assets stands at $69.10 million while long-term investments were $1.11 billion and short-term investments were $0. Its net receivables were $18.05 million compared to accounts payable of $13.05 million and inventory worth $0.
In 2024, PennantPark Floating Rate Capital Ltd's operating cash flow was $0 while its capital expenditure stood at $0.
Comparatively, PennantPark Floating Rate Capital Ltd paid $0.32 in dividends in 2024.
Other key metrics
- Current Trading Price
- $10.73
- 52-Week High
- $11.4607
- 52-Week Low
- $8.5376
- Analyst Target Price
- $11.5
PennantPark Floating Rate Capital Ltd stock is currently trading at $10.73 per share. It touched a 52-week high of $11.4607 and a 52-week low of $11.4607. Analysts tracking the stock have a 12-month average target price of $11.5.
Its 50-day moving average was $10.73 and 200-day moving average was $10.44 The short ratio stood at 1.46 indicating a short percent outstanding of 0%.
Around 179.7% of the company’s stock are held by insiders while 2097.8% are held by institutions.
Frequently Asked Questions About PennantPark Floating Rate Capital Ltd
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About
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor’s system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.