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PennantPark Floating Rate Capital Ltd. (PFLT)

Financial Services | Asset Management | Miami Beach, United States | NYSE
7.18 USD +0.06 (0.843%) ⇧ (July 14, 2026, 4 p.m. EDT)
Short-term:★★☆☆☆Long-term:★★☆☆☆Dividends:★★☆☆☆
Hot Take ↕ | July 11, 2026, 6:11 a.m. EDT

The investment case here is defined by a stark contradiction between a massive, unsustainable yield and a deteriorating business trajectory. While the headline yield of nearly 17% looks attractive on paper, the payout ratio of 195% reveals that the company is distributing far more cash than it generates from operations, effectively burning through capital reserves to maintain the dividend. This is not a sustainable income stream; it is a liquidation event disguised as a yield play. Fundamentally, the company is struggling. It trades at a discount to book value, yet its operating cash flow is deeply negative (-$197 million), indicating severe liquidity stress despite a high current ratio likely propped up by debt. The multi-year price history confirms this distress, showing a cumulative loss of over 15% over the last nine years, with the most recent annual performance also in the red. The market has correctly priced this as a value trap where the cheap price reflects the inevitable collapse of the dividend and the business itself. Options activity reinforces this bearish thesis. The overwhelming presence of put options at strikes below the current price indicates that sophisticated traders are hedging against further declines, while the lack of call interest suggests no one believes a recovery is imminent. With the dividend being funded by debt and asset sales rather than organic growth, the long-term outlook is bleak, making this a dangerous hold for any investor seeking capital preservation.
Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.144651
MSTL0.152702
AutoETS0.153121
AutoARIMA0.153121

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 51%
H-stat 6.20
Ljung-Box p 0.000
Jarque-Bera p 0.323
Excess Kurtosis -1.10
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-07-14
Last Dividend Date 2026-06-14
Debt to Equity Ratio 160.563
Revenue per Share 2.706
Market Cap 712,384,448
Trailing P/E 11.22
Forward P/E 6.64
Beta 0.75
Profit Margins 23.08%
Website https://pflt.pennantpark.com

As of July 11, 2026, 6:11 a.m. EDT: Speculators are heavily positioned for downside protection, with massive open interest in out-of-the-money puts expiring in August and November compared to negligible call volume. The distribution of option strikes suggests a 'bear put spread' strategy, betting on a continued decline toward the $7.00-$7.50 range rather than a rally toward the $10 strike.

Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
1.07% 13.50% 11.67% 11.08%
Dividend History
Date Dividend Yield %
2026-06-15 0.083 1.068211
2026-05-15 0.103 1.214623
2026-04-15 0.103 1.182549
2026-03-16 0.103 1.273177
2026-02-17 0.103 1.210341
2026-01-16 0.103 1.080798
2025-12-15 0.103 1.108719
2025-11-17 0.103 1.153415
2025-10-15 0.103 1.183908
2025-09-15 0.103 1.048880
2025-08-15 0.103 1.006843
2025-07-15 0.103 0.968956
2025-06-16 0.103 1.012783
2025-05-15 0.103 1.018793
2025-04-15 0.103 1.069574
2025-03-14 0.103 0.933817
2025-02-18 0.103 0.923767
2025-01-15 0.103 0.934664
2024-12-16 0.103 0.952821
2024-11-15 0.103 0.933817
2024-10-16 0.103 0.879590
2024-09-16 0.103 0.892548
2024-08-16 0.103 0.935513
2024-07-15 0.103 0.873622
2024-06-14 0.103 0.913931
2024-05-14 0.103 0.903509
2024-04-12 0.103 0.922939
2024-03-15 0.103 0.928765
2024-02-14 0.103 0.922113
2024-01-12 0.103 0.848435
2023-12-15 0.103 0.882605
2023-11-15 0.103 0.950184
2023-10-16 0.103 0.954588
2023-09-15 0.103 0.951062
2023-08-15 0.103 0.978158
2023-07-14 0.103 0.962617
2023-06-14 0.103 0.964419
2023-05-15 0.100 0.914913
2023-04-17 0.100 0.909918
2023-03-15 0.100 1.002004
2023-02-15 0.095 0.866788
2023-01-18 0.095 0.807823
2022-12-16 0.095 0.858175
2022-11-16 0.095 0.845196
2022-10-17 0.095 0.918762
2022-09-16 0.095 0.798991
2022-08-17 0.095 0.789037
2022-07-15 0.095 0.797649
2022-06-16 0.095 0.909091
2022-05-17 0.095 0.778051
2022-04-14 0.095 0.683945
2022-03-16 0.095 0.737578
2022-02-14 0.095 0.722433
2022-01-14 0.095 0.726300
2021-12-17 0.095 0.757576
2021-11-16 0.095 0.695461
2021-10-15 0.095 0.720789
2021-09-16 0.095 0.748032
2021-08-17 0.095 0.727969
2021-07-16 0.095 0.729647
2021-06-16 0.095 0.735294
2021-05-14 0.095 0.774878
2021-04-14 0.095 0.760609
2021-03-17 0.095 0.764280
2021-02-11 0.095 0.800337
2021-01-15 0.095 0.837742
2020-12-16 0.095 0.893697
2020-11-16 0.095 1.024811
2020-10-20 0.095 1.140456
2020-09-16 0.095 1.105937
2020-08-18 0.095 1.112412
2020-07-15 0.095 1.126928
2020-06-16 0.095 1.055556
2020-05-15 0.095 1.319444
2020-04-15 0.095 1.515152
2020-03-17 0.095 1.785714
2020-02-14 0.095 0.754567
2020-01-15 0.095 0.777414
2019-12-18 0.095 0.762440
2019-11-13 0.095 0.815451
2019-10-16 0.095 0.830420
2019-09-16 0.095 0.816853
2019-08-16 0.095 0.826087
2019-07-17 0.095 0.816853
2019-06-14 0.095 0.817556
2019-05-17 0.095 0.791667
2019-04-16 0.095 0.731895
2019-03-19 0.095 0.732460
2019-02-13 0.095 0.720243
2019-01-16 0.095 0.760609
2018-12-18 0.095 0.818965
2018-11-19 0.095 0.717523
2018-10-17 0.082 0.636152
2018-10-16 0.013 0.100386
2018-09-17 0.017 0.128205
2018-09-14 0.078 0.588679
2018-08-21 0.018 0.132646
2018-08-20 0.077 0.566593
2018-07-18 0.019 0.138990
2018-07-17 0.076 0.551524
2018-06-15 0.095 0.681004
2018-05-17 0.095 0.703704
2018-04-16 0.095 0.709485
2018-03-16 0.095 0.729647
2018-02-15 0.095 0.744514
2018-01-17 0.095 0.700074
2017-12-22 0.095 0.684438
2017-11-16 0.095 0.687907
2017-10-18 0.095 0.654270
2017-09-19 0.095 0.666667
2017-08-16 0.095 0.673759
2017-07-18 0.095 0.662021
2017-06-19 0.095 0.677603
2017-05-17 0.095 0.674716
2017-04-17 0.095 0.694952
2017-03-20 0.095 0.688406
2017-02-15 0.095 0.695971
2017-01-18 0.095 0.677120
2016-12-20 0.095 0.675195
2016-11-16 0.095 0.720243
2016-10-18 0.095 0.719697
2016-09-19 0.095 0.735294
2016-08-17 0.095 0.735294
2016-07-18 0.095 0.751582
2016-06-16 0.095 0.778051
2016-05-18 0.095 0.789692
2016-04-18 0.095 0.783828
2016-03-16 0.095 0.826087
2016-02-16 0.095 0.890347
2016-01-15 0.095 0.917874
2015-12-22 0.095 0.846702
2015-11-17 0.095 0.828970
2015-10-19 0.095 0.784476
2015-09-17 0.095 0.775510
2015-08-20 0.095 0.752177
2015-07-20 0.095 0.674716
2015-06-11 0.095 0.677603
2015-05-18 0.095 0.674716
2015-04-16 0.095 0.669958
2015-03-18 0.095 0.677603
2015-02-13 0.090 0.655499
2015-01-16 0.090 0.668648
2014-12-17 0.090 0.693374
2014-11-17 0.090 0.639659
2014-10-20 0.090 0.654070
2014-09-24 0.090 0.637846
2014-08-18 0.090 0.641940
2014-07-16 0.090 0.638298
2014-06-17 0.090 0.647948
2014-05-15 0.090 0.649351
2014-04-16 0.090 0.654545
2014-03-18 0.090 0.655022
2014-02-14 0.090 0.640114
2014-01-17 0.090 0.663717
2013-12-18 0.090 0.649819
2013-11-18 0.090 0.656934
2013-10-17 0.087 0.651685
2013-09-18 0.088 0.643275
2013-08-19 0.087 0.668716
2013-07-17 0.087 0.621429
2013-06-19 0.088 0.590604
2013-05-16 0.087 0.610098
2013-04-17 0.087 0.615711
2013-03-20 0.087 0.606272
2013-02-14 0.085 0.611511
2013-01-17 0.083 0.619866
2012-12-19 0.083 0.645914
2012-11-16 0.083 0.663469
2012-10-17 0.083 0.634072
2012-09-18 0.080 0.628931
2012-08-16 0.080 0.640000
2012-07-18 0.080 0.660066
2012-06-19 0.080 0.672269
2012-05-18 0.080 0.683761
2012-04-18 0.075 0.641026
2012-03-20 0.075 0.638298
2012-02-15 0.075 0.635593
2012-01-18 0.075 0.685558
2011-12-21 0.070 0.670498
2011-11-17 0.070 0.683594
2011-10-19 0.070 0.675676
2011-09-21 0.070 0.656660
2011-08-18 0.070 0.620018
2011-07-20 0.060 0.481155
2011-06-22 0.050 0.406835
Additional Data
dividendRate 1.19
dividendYield 16.6
exDividendDate 2026-07-15
trailingAnnualDividendRate 1.23
trailingAnnualDividendYield 0.17275281
lastDividendValue 0.083
lastDividendDate 2026-06-15
dividendDate 2026-08-03

Info Dump

Attribute Value
52 Week Change -0.33019757
Address1 1,691 Michigan Avenue
Address2 Suite 500
All Time High 15.02
All Time Low 3.34
Ask 7.24
Ask Size 700
Average Daily Volume10 Day 1,404,810
Average Daily Volume3 Month 1,146,400
Average Volume 1,146,400
Average Volume10Days 1,404,810
Beta 0.752
Bid 7.05
Bid Size 1,700
Book Value 10.468
City Miami Beach
Compensation As Of Epoch Date 1,767,139,200
Country United States
Crypto Tradeable 0
Currency USD
Current Price 7.18
Current Ratio 4.189
Custom Price Alert Confidence HIGH
Date Short Interest 1,782,777,600
Day High 7.24
Day Low 7.092
Debt To Equity 160.563
Display Name PennantPark Floating Rate Capital
Dividend Date 1,785,715,200
Dividend Rate 1.19
Dividend Yield 16.6
Earnings Call Timestamp End 1,786,478,400
Earnings Call Timestamp Start 1,786,478,400
Earnings Growth 20.302
Earnings Quarterly Growth 22.46
Earnings Timestamp 1,786,392,000
Earnings Timestamp End 1,786,392,000
Earnings Timestamp Start 1,786,392,000
Ebitda Margins 0.0
Enterprise To Revenue 8.41
Enterprise Value 2,258,212,608
Eps Current Year 1.065
Eps Forward 1.08167
Eps Trailing Twelve Months 0.64
Esg Populated 0
Ex Dividend Date 1,784,073,600
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fax 212 905 1075
Fifty Day Average 8.04
Fifty Day Average Change -0.86000013
Fifty Day Average Change Percent -0.10696519
Fifty Two Week Change Percent -33.019756
Fifty Two Week High 10.88
Fifty Two Week High Change -3.7000003
Fifty Two Week High Change Percent -0.34007356
Fifty Two Week Low 7.02
Fifty Two Week Low Change 0.15999985
Fifty Two Week Low Change Percent 0.022792
Fifty Two Week Range 7.02 - 10.88
Financial Currency USD
First Trade Date Milliseconds 1,302,269,400,000
Five Year Avg Dividend Yield 10.92
Forward Eps 1.08167
Forward P E 6.6378837
Free Cashflow 44,045,876
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 268,524,992
Has Pre Post Market Data 1
Held Percent Insiders 0.00894
Held Percent Institutions 0.22479999
Implied Shares Outstanding 99,217,896
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 0
Language en-US
Last Dividend Date 1,781,481,600
Last Dividend Value 0.083
Last Fiscal Year End 1,759,190,400
Long Business Summary PennantPark Floating Rate Capital Ltd. is a Private Debt, 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.
Long Name PennantPark Floating Rate Capital Ltd.
Market us_market
Market Cap 712,384,448
Market State PRE
Max Age 86,400
Message Board Id finmb_129679481
Most Recent Quarter 1,774,915,200
Net Income To Common 61,971,000
Next Fiscal Year End 1,790,726,400
Non Diluted Market Cap 706,431,419
Number Of Analyst Opinions 6
Open 7.1
Operating Cashflow -196,924,992
Operating Margins 0.77312
Payout Ratio 1.9524001
Peg Ratio 0.26
Phone 212 905 1000
Pre Market Change 0.047499657
Pre Market Change Percent 0.6620161
Pre Market Price 7.2225
Pre Market Time 1,784,107,645
Previous Close 7.12
Price Eps Current Year 6.7417836
Price Hint 2
Price To Book 0.68589985
Price To Sales Trailing12 Months 2.652954
Profit Margins 0.23077999
Quick Ratio 4.137
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.0599999
Regular Market Change Percent 0.842696
Regular Market Day High 7.24
Regular Market Day Low 7.092
Regular Market Day Range 7.092 - 7.24
Regular Market Open 7.1
Regular Market Previous Close 7.12
Regular Market Price 7.18
Regular Market Time 1,784,059,203
Regular Market Volume 913,993
Return On Assets 0.05012
Return On Equity 0.05886
Revenue Growth 0.065
Revenue Per Share 2.706
Sand P52 Week Change 0.20365608
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 99,217,896
Shares Percent Shares Out 0.0424
Shares Short 4,206,880
Shares Short Previous Month Date 1,780,012,800
Shares Short Prior Month 3,898,337
Short Name PennantPark Floating Rate Capit
Short Percent Of Float 0.0428
Short Ratio 3.75
Source Interval 15
State FL
Symbol PFLT
Target High Price 11.0
Target Low Price 9.0
Target Mean Price 10.08333
Target Median Price 10.0
Total Cash 121,871,000
Total Cash Per Share 1.228
Total Debt 1,667,698,944
Total Revenue 268,524,992
Tradeable 0
Trailing Annual Dividend Rate 1.23
Trailing Annual Dividend Yield 0.17275281
Trailing Eps 0.64
Trailing P E 11.21875
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 8.6807
Two Hundred Day Average Change -1.5007005
Two Hundred Day Average Change Percent -0.17287782
Type Disp Equity
Volume 913,993
Website https://pflt.pennantpark.com
Zip 33,139