Exchange: NYSE·Updated 04:00 PM EDT
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PFLT PennantPark Floating Rate Capital Ltd

$6.26
$0.04
(0.64%)
Today
Closed $6.26
$0.00
(0.00%)
After Hours
EarningsNov 23
Mkt Cap$625.07M
Vol968,160.00

About PFLT

PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in US middle market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. The company was founded by Arthur Howard Penn in October 2010, and is headquartered in Miami, FL.
60

Bullish Sentiment

How do you feel about PFLT?

dtp816
$PFLT Boys, This is now trading at levels that represent distressed debt. Either the market is throwing the baby out with the Private Credit bath water, or another dividend cut and/or asset writedown is immenient.
2
JDCinvest
$PFLT price action is detached from fundamentals. Dividend reset is priced in, market ignores that core debt is locked until 2038 at lower costs (SOFR+1.82%). Non-accruals remain at just 0.4%. With NAV at $10.26 and stock under $7, the 33%+ discount is a rare cyclical mispricing last seen in 2020. Waiting for November NAV validation. $10,30 nav would be good news and realy realistic.
2
irocnonstop
$PFLT bonds are high right now. All divinded stocks taking a hit. More money in bonds returns i soppose
1
JDCinvest
$PFLT ok now it's getting ridiculous😂 who ever want to start a position, buy in this 6$ range😅 also: they refinanced their debt till 2038
1

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