Reading the tape
NYSE: PFLT
PennantPark Floating Rate Capital Ltd.
Financial Services · Asset Management
Market Cap
$911.32M
52w High
$10.88
52w Low
$7.68
P/E
26.45
Volume
624.24K
Outstanding Shares
99.22M
Price vs Fundamentals
Why The Stock Is Moving
Mixed / unclearLow confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -9.34%Revenue (TTM): -26.12%FCF (TTM): 111.7%P/FCF: 67th pct
What changed
The stock fell 9.34% over the last year. Revenue declined 26.12% over the trailing twelve months. Operating margin moved from 48.46% to 24.5%. Free cash flow grew 111.7% over the trailing twelve months.
What the market seems to be pricing
The stock has moved lower against modestly weakening underlying metrics. The operating data does not yet tell a clear story — the move may reflect sentiment, sector rotation, or macro factors rather than company-specific earnings power.
What would invalidate this read
Operating margin currently stands at 24.5%. A decisive move in revenue — currently down 26.12% — would be the clearest signal to resolve the ambiguity.
Company profile
PennantPark Floating Rate Capital Ltd. is a business development company.
CEOArthur Howard Penn
SectorFinancial Services
IndustryAsset Management
Employees—
IPO dateApr 8, 2011
Valuation
Forward P/E—
EV/EBITDA36.69
Enterprise value$2.48B
Price / Book0.85
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth-58.48%
Gross margin32.55%▼29.46%vs FY2024
Operating margin24.5%▼28.93%vs FY2024
ROE6.18%▼41.00%vs FY2024
Analyst consensus
RatingBuy
Target price$10.50▲14.32%
6
Buy
5
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 7, 2026
Q2 FY26 · EPS est $0.28 · Revenue est $68.78M
View
Dividends
$1.23/shareMonthly7yr growth streakStretchedPFLT pays a dividend with a 13.4% dividend yield, 7 consecutive years of growth, growing at 1.55% annually, covered 0.9× by free cash flow.
Dividend Yield
13.4%
Annual Div / Share
$1.23
5yr CAGR
+1.55%
Doubles every ~45.1yr
Payout Ratio
341.73%
Stretched
Dividend Growth Rate
3yr CAGR
+2.29%
5yr CAGR
+1.55%
10yr CAGR
+0.77%
Dividend Safety
2/10Stretched
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2025$1.23+0.1%
2024$1.23+0.2%
2023$1.23+6.7%
2022$1.15+0.9%
2021$1.14+0.0%
2020$1.14+0.0%
2019$1.14+20.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$134/yr
$11/mo
In 5 yrs
$145/yr+8%
$12/mo
In 10 yrs
$156/yr+17%
$13/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$134/yr $11/mo | $145/yr+8% $12/mo | $156/yr+17% $13/mo |
Yield-on-cost grows from 13.4% → 15.63% over 10yr
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
High payout ratio
With 341.73% of earnings paid as dividends, there is limited retained earnings for reinvestment — and a dividend cut becomes more likely if earnings decline.
Dividend exceeds free cash flow
Free cash flow covers only 0.85× the dividend. The company is paying out more than it generates in cash, which is unsustainable without borrowing or asset sales.