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Upturn AI SWOT - About
PFLT 
PennantPark Floating Rate Capital Ltd (PFLT)
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Upturn Advisory Summary
06/30/2025: PFLT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
8 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $10.93
1 Year Target Price $10.93
| 2 | Strong Buy |
| 2 | Buy |
| 4 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -15.12% | Avg. Invested days 42 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 06/30/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.02B USD | Price to earnings Ratio 12.06 | 1Y Target Price 10.93 |
Price to earnings Ratio 12.06 | 1Y Target Price 10.93 | ||
Volume (30-day avg) 8 | Beta 0.96 | 52 Weeks Range 8.55 - 11.11 | Updated Date 06/30/2025 |
52 Weeks Range 8.55 - 11.11 | Updated Date 06/30/2025 | ||
Dividends yield (FY) 12.00% | Basic EPS (TTM) 0.85 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 29.11% | Operating Margin (TTM) 77.86% |
Management Effectiveness
Return on Assets (TTM) 5.65% | Return on Equity (TTM) 7.59% |
Valuation
Trailing PE 12.06 | Forward PE 8.7 | Enterprise Value 971399091 | Price to Sales(TTM) 4.37 |
Enterprise Value 971399091 | Price to Sales(TTM) 4.37 | ||
Enterprise Value to Revenue 28.34 | Enterprise Value to EBITDA 26.01 | Shares Outstanding 99217904 | Shares Floating - |
Shares Outstanding 99217904 | Shares Floating - | ||
Percent Insiders 0.86 | Percent Institutions 26.98 |
Analyst Ratings
Rating 3 | Target Price 10.93 | Buy 2 | Strong Buy 2 |
Buy 2 | Strong Buy 2 | ||
Hold 4 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
PennantPark Floating Rate Capital Ltd
Company Overview
History and Background
PennantPark Floating Rate Capital Ltd. was founded in 2011 and is a business development company (BDC) that focuses on direct lending to U.S. middle market companies. It provides customized debt financing, including first lien, second lien, and unitranche loans.
Core Business Areas
- Direct Lending: Provides senior secured debt and mezzanine debt to middle-market companies, mainly in the U.S. These loans are typically floating rate loans.
Leadership and Structure
Arthur Penn is the Chairman and CEO. The company operates with a management team focused on credit analysis, origination, and portfolio management.
Top Products and Market Share
Key Offerings
- Senior Secured Loans: Primarily first lien debt investments. Market share information is not readily available for specific product breakdown within the BDC industry, but PennantPark operates within the broader direct lending space. Competitors: Ares Capital, Main Street Capital.
- Unitranche Loans: Provides a blend of senior and subordinated debt in a single facility. Market share information is not readily available for specific product breakdown within the BDC industry, but PennantPark operates within the broader direct lending space. Competitors: Ares Capital, Main Street Capital.
Market Dynamics
Industry Overview
The BDC industry is competitive and influenced by interest rates, economic conditions, and regulatory changes. Direct lending to middle-market companies has grown as banks have tightened lending standards.
Positioning
PennantPark positions itself as a reliable capital provider to middle-market businesses, primarily focusing on floating rate loans. Its competitive advantages include its experienced management team and long-term relationships.
Total Addressable Market (TAM)
The TAM for middle-market direct lending is estimated to be in the hundreds of billions of dollars. PennantPark is positioned to capture a portion of this market through its focus on floating rate loans.
Upturn SWOT Analysis
Strengths
- Experienced management team
- Focus on floating rate loans (beneficial in rising rate environment)
- Established relationships with middle-market companies
- Diversified portfolio across various industries
Weaknesses
- Reliance on external financing
- Exposure to credit risk in middle-market companies
- Potential for increased competition
- Sensitivity to interest rate changes (though floating rate assets mitigate some risk)
Opportunities
- Increased demand for direct lending from middle-market companies
- Expansion into new industries or geographies
- Strategic acquisitions of other BDCs or asset managers
- Growth in private credit markets
Threats
- Economic downturn leading to increased defaults
- Increased competition from other BDCs and private credit funds
- Regulatory changes impacting the BDC industry
- Rising interest rates impacting borrowing costs
Competitors and Market Share
Key Competitors
- ARCC
- MAIN
- TCPC
- TUSK
Competitive Landscape
PennantPark competes with other BDCs and private credit funds for middle-market lending opportunities. Its advantages and disadvantages depend on its ability to provide competitive rates, flexible terms, and strong relationships with borrowers.
Growth Trajectory and Initiatives
Historical Growth: PennantPark's historical growth is tied to its ability to originate and manage middle-market loans. Growth has been impacted by economic cycles and interest rate environments.
Future Projections: Future growth projections depend on the company's ability to continue originating quality loans and manage its portfolio effectively.
Recent Initiatives: Recent initiatives may include expanding its investment focus, managing its capital structure, and navigating the current interest rate environment. Refer to latest earning call transcripts and investor presentations.
Summary
PennantPark Floating Rate Capital is a BDC focused on lending to middle-market companies. Its focus on floating-rate loans is beneficial in a rising rate environment. It is exposed to credit risk inherent in middle-market lending and faces competition from other BDCs and private credit funds. They must focus on maintaining portfolio credit quality and managing interest rate risk.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Industry Reports
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Market share information is based on estimates and may not be precise. Financial data and analysis are subject to change.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PennantPark Floating Rate Capital Ltd
Exchange NYSE | Headquaters Miami Beach, FL, United States | ||
IPO Launch date 2011-04-08 | Founder, Chairman & CEO Mr. Arthur Howard Penn | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://pflt.pennantpark.com |
Full time employees - | Website https://pflt.pennantpark.com | ||
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.
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