PFLT Stock Summary and Trading Ideas (Pennantpark Floating Rate Capital Ltd. | NYSE:PFLT)

PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to the limited amount of capital available for such companies and the potential for rising interest rates. The company generate revenue in the form of interest income on the debt securities and dividends.

Pennantpark Floating Rate Capital Ltd. trades on the NYSE stock market under the symbol PFLT.

As of March 3, 2025, PFLT stock price climbed to $11.39 with 533,386 million shares trading.

PFLT has a beta of 0.48, meaning it tends to be less sensitive to market movements. PFLT has a correlation of 0.26 to the broad based SPY ETF.

PFLT has a market cap of $1.00 billion. This is considered a Small Cap stock.

Last quarter Pennantpark Floating Rate Capital Ltd. reported $67 million in Revenue and $.33 earnings per share. This beat revenue expectation by $8 million and exceeded earnings estimates by $.01.

In the last 3 years, PFLT traded as high as $14.38 and as low as $9.43.

The top ETF exchange traded funds that PFLT belongs to (by Net Assets): BIZD, KBWD, VPC, FTKI.

PFLT has underperformed the market in the last year with a return of +10.4%, while SPY returned +18.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PFLT shares. However, PFLT has outperformed the market in the last 3 month and 2 week periods, returning +5.7% and +3.7%, while SPY returned -0.9% and -3.0%, respectively. This indicates PFLT has been having a stronger performance recently.

PFLT support price is $11.21 and resistance is $11.47 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFLT shares will trade within this expected range on the day.