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PennantPark (PFLT) Company Profile

Updated Aug 8, 2019
PennantPark has the following business profile:
Company's Full Name:PennantPark Floating Rate Capital Ltd.
Short Name:PennantPark
Trading Ticker Symbol:PFLT
Primary Exchange:NASDAQ
Headquarter City/Country:New York, NY
Primary Industry Sector:Finance
Seconday Sub-sector:Investment Managers
Main Business Areas: Finance, Investment Managers, Financial Services, Asset Management
Dividend Payments:Dividend History

Market and Trading Information for PennantPark

The following details were available for trading and market data about the stock of PennantPark as of writing:
Current Share Price:$11.55
Previous Year's Closing Price:$11.56
Percentage Price Change (YTD):-0.09%
Market Cap:$446.23 million
52-week Price Range:$11.05 - $13.85
Dividend Per Share:$1.14
EPS (TTM):0.4
Price-Earnings (Trailing):28.88
Price-Earnings (Forward):9.87

Company Profile and Business Description for PennantPark

PennantPark Floating Rate Capital Ltd., incorporated on October 28, 2010, is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. The Company's investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies. The Company intends to invest primarily in floating rate loans, which may consist of senior secured debt, mezzanine debt and selected equity investments issued by the United States middle-market companies. It provides primarily first lien secured debt and other opportunistic financings (senior notes, second lien, mezzanine, private high yield debt, and preferred and common stock) to middle market sponsors and companies. The Company's investment activities are managed by the investment advisor, PennantPark Investment Advisers, LLC.

The Company seeks to create a portfolio primarily of floating rate loans by initially targeting an investment size of $2 to $20 million, on average, in floating rate loans of middle-market companies. The Company may invest over 30% of its portfolio in non-qualifying assets, which may include 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 and investment companies. Under normal market conditions, approximately 80% of the value of its managed assets will be invested in floating rate loans and other investments bearing a variable-rate of interest.

The Company's investments may include equity features, such as direct investments in the equity securities of borrowers or warrants or options to buy a minority interest in a portfolio company. The Company has investments in various sectors, including aerospace and defense; consumer services; high technology industries; healthcare and pharmaceuticals; business services; consumer goods: durable; retail; construction and building; hotel, gaming and leisure; consumer goods: non-durable; chemicals, plastic and rubber; media: advertising, printing and publishing; media: broadcasting and subscription; beverage, food and tobacco; banking, finance, insurance and real estate; wholesale, and others.

590 Madison Ave Fl 15

Peer / Competitor Companies of Investment Managers Sector

Along with PennantPark Floating Rate Capital Ltd., the following other peer (competitor) companies also exist within the same Investment Managers - Finance sector whose company profile and dividend history is as follows:

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▶ Affiliated Managers (AMG): Affiliated Managers Group, Inc., incorporated on December 29, 1993, is an asset management company with equity investments in boutique investment management firms (Affiliates). The Company is focused on investing around ....See Detailed Company Profile  and Dividend History.

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▶ Alcentra Capital (ABDC): Alcentra Capital Corporation is a specialty finance company that operates as a non-diversified, closed-end management investment company. The Company operates as a business development company and a regulated investment company. ....See Detailed Company Profile  and Dividend History.

▶ Alliance HealthCare (AIQ): Alliance HealthCare Services, Inc. (Alliance), incorporated on May 27, 1987, is a provider of outsourced healthcare services to hospitals and providers. The Company operates through three segments: Radiology Division, Oncology ....See Detailed Company Profile  and Dividend History.

▶ AllianceBernstein Holding (AB): AllianceBernstein Holding L.P., incorporated on November 18, 1987, is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, ....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Convertible and Income Fund (NCV): AllianzGI Convertible & Income Fund, formerly AGIC Convertible & Income Fund, is a diversified, closed-end management investment company. The Funds investment objective is to provide total return through a combination ....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Convertible and Income Fund II (NCZ): AllianzGI Convertible & Income Fund II (the Fund), formerly AGIC Convertible & Income Fund II, is a diversified, closed-end management investment company. The Funds investment objective is to provide total ....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Diversified Income and Convertible Fund (ACV): AllianzGI Diversified Income & Convertible Fund is a closed-ended balanced mutual fund launched and managed by Allianz Global Investors Fund Management LLC. The fund is co-managed by Allianz Global Investors U.....See Detailed Company Profile  and Dividend History.

▶ AllianzGI Equity and Convertible Income Fund (NIE): AllianzGI Equity and Convertible Income Fund, formerly AllianzGI Equity & Convertible Income Fund, is a diversified, closed-end management investment company. The Fund?ÇÖs investment objective is to seek total return consisted ....See Detailed Company Profile  and Dividend History.

▶ Alpine Global Dynamic Dividend Fund (AGD): Alpine Global Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Funds primary investment objective is to seek high current dividend income. It also focuses on ....See Detailed Company Profile  and Dividend History.

▶ Alpine Global Premier Properties Fund (AWP): Alpine Global Premier Properties Fund (the Fund) is a diversified, closed-end management investment company. The Fund?ÇÖs primary investment objective is capital appreciation. The Fund?ÇÖs secondary investment objective is high current ....See Detailed Company Profile  and Dividend History.

▶ Alpine Total Dynamic Dividend Fund (AOD): Alpine Total Dynamic Dividend Fund (the Fund) is a diversified, closed-end management investment company. The Fund has an investment objective to invest in equity securities that provide high current dividend ....See Detailed Company Profile  and Dividend History.

▶ American Capital Senior Floating (ACSF): American Capital Senior Floating, Ltd. (ACSF), incorporated on February 6, 2013, is a non-diversified closed-end investment management company. The Companys investment objective is to provide attractive, risk-adjusted returns over the ....See Detailed Company Profile  and Dividend History.

▶ Ameriprise Financial (AMP): Ameriprise Financial, Inc., incorporated on September 29, 1983, is a diversified financial services company that offers financial solutions to individual and institutional clients. The Company operates in five segments: Advice ....See Detailed Company Profile  and Dividend History.

▶ Apollo Global Management LLC (APO): Apollo Global Management, LLC is a publicly owned investment manager. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual in....See Detailed Company Profile  and Dividend History.

▶ Apollo Investment (AINV): Apollo Investment Corporation, incorporated on February 2, 2004, is a closed-end, externally managed, non-diversified management investment company. The Companys investment objective is to generate current income and capital appreciation. It ....See Detailed Company Profile  and Dividend History.

▶ Ares Capital (ARCC): Ares Capital Corporation, incorporated on April 16, 2004, is a specialty finance company. The Company operates as a closed-end, non-diversified management investment company. The Companys investment objective is to generate ....See Detailed Company Profile  and Dividend History.

▶ Ares Management (ARES): Ares Management, L.P., incorporated on September 3, 1997, is an alternative asset manager. The Company offers its investors a range of investment strategies. The Company operates through three segments: Credit ....See Detailed Company Profile  and Dividend History.

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