PennantPark Floating Rate Capital (PFLT)
Deploys public capital into senior-secured floating-rate loans to U.S. middle-market companies.
Something off on this page? Send us feedback.
Operates as an externally managed business development company that invests chiefly in first-lien senior-secured floating-rate loans to U.S. middle-market companies. Its investment activities are handled by an adviser under a contractual investment-management agreement.
Primarily makes first-lien, senior-secured floating-rate loans to U.S. middle-market companies and can hold other investments. Those middle-market loans are typically below investment grade.
Rather than operating as a conventional deposit-taking lender, the closed-end company is externally managed. Its investment adviser runs investment activities under a contractual management agreement, and the company pays a base management fee. Founder, chairman and CEO Arthur H. Penn is also the managing member of the adviser and administrator.
BDC status under the Investment Company Act of 1940 and RIC tax treatment define its regulatory framework. Securities offerings finance its investment objectives, while an emphasis on floating-rate senior-secured credit anchors its approach.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| May 19, 2026 | Truist Financial | Target | Target: — | Target: $9 |
| Feb 11, 2026 | Maxim Group | Target | Target: $11.50 | Target: $10.50 |
| Oct 14, 2025 | UBS | Reiterate | Rating: —Target: — | Target: $9.50 |
| Oct 6, 2025 | Keefe, Bruyette & Woods | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $50.7M · Total debt $1.57B · Total assets $2.63B · Shareholders' equity $1.02B
- Revenue
- $46.8M
- Operating income
- $31.7M
- Net income
- $7.6M
HistoryDividendAnnual yield
| Institutions | 22.20% | 22.03M shares | |
|---|---|---|---|
| 130 holders · as of Jun 30, 2026 | |||
| Insiders | 0.38% | 373.1K shares | |
| 2 holders · as of May 12, 2026 | |||
| Other | 77.42% | 76.81M shares | |
| remainder | |||
99.22M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Sound Income Strategies, LLCInstitution | 5.26% | 5.22M | as of Jun 30, 2026 |
UBS Group AGInstitution | 3.11% | 3.09M | as of Jun 30, 2026 |
Van Eck Associates CorpInstitution | 2.49% | 2.47M | as of Jun 30, 2026 |
Invesco Ltd.Institution | 1.81% | 1.80M | as of Jun 30, 2026 |
Altshuler Shaham LtdInstitution | 1.04% | 1.03M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 12, 2026 | Jose A. Briones | director | +5,770 | $8.67 |
| Mar 11, 2026 | Richard T. JR Allorto | officer: CFO and Treasurer | +15,000 | $8.15 |
| Feb 19, 2026 | Jose A. Briones | director | +5,895 | $8.48 |
| Dec 1, 2025 | Jose A. Briones | director | +5,500 | $9.10 |
- Ares Capital
Public BDC for senior direct lending to U.S. middle-market companies
- Blue Owl Capital
Externally managed BDC lending to U.S. middle-market companies
- Golub Capital BDC
One-stop and senior secured lender to middle-market companies
- BlackRock TCP Capital
Externally managed BDC focused on middle-market direct lending
- Barings BDC
Externally managed BDC investing in senior secured middle-market loans
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| PennantPark Floating Rate Capital | $7.03 | −1.20% | $705.4M | 13.8 | 6.6 | 4.0 | +35.8% |
| Ares Capital | $19.19 | −0.86% | $13.90B | 14.3 | 10.0 | 6.0 | +32.6% |
| Blue Owl Capital | $10.96 | −1.66% | $5.53B | 19.9 | 8.5 | 3.9 | −20.8% |
| Golub Capital BDC | $12.44 | −0.76% | $3.26B | 22.8 | 9.7 | 4.6 | −14.2% |
| BlackRock TCP Capital | $4.03 | −1.35% | $342.3M | — | 9.7 | 2.5 | +1,499.2% |
| Barings BDC | $8.68 | −0.97% | $917.2M | 10.6 | 8.4 | 3.6 | +42.3% |
| Median | 17.1 | 9.7 | 3.9 | +32.6% |