PennantPark Floating Rate Capital (PFLT)

• Market cap: $836M
• 1 day: -9.13%
• 5 days: -10.27%
• 1 month: -9.70%
• 3 months: -9.05%
• 6 months: -13.73%
• Year to date: -8.55%
• 1 year: -9.87%
• 5 years: 115.20%
• 10 years: -28.16%
• Sector: Financials
• Industry: Asset Management

About: 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.

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

376% more call options, than puts

Call options by funds: $1M | Put options by funds: $211K

218% more first-time investments, than exits

New positions opened: 35 | Existing positions closed: 11

38% more repeat investments, than reductions

Existing positions increased: 40 | Existing positions reduced: 29

22% more funds holding

Funds holding: 103 [Q3] → 126 (+23) [Q4]

6% more capital invested

Capital invested by funds: $187M [Q3] → $199M (+$11.8M) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

0.26% less ownership

Funds ownership: 22.15% [Q3] → 21.9% (-0.26%) [Q4]