Pennantpark Floating Rate Stock Today

PFLT Stock  USD 11.36  0.17  1.52%   

Performance

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Odds Of Distress

Less than 6

 
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Low
PennantPark Floating is selling for under 11.36 as of the 25th of July 2024; that is 1.52 percent increase since the beginning of the trading day. The stock's last reported lowest price was 11.36. PennantPark Floating has only a 6 % chance of going through financial distress over the next few years, but has generated negative returns over the last 90 days. Equity ratings for PennantPark Floating Rate are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 25th of June 2024 and ending today, the 25th of July 2024. Click here to learn more.
Business Domain
Financial Services
IPO Date
8th of April 2011
Classification
Financials
PennantPark Floating Rate Capital Ltd. is a business development company. In case of floating rate loans, it holds investments for a period of three to ten years. Pennantpark Fltng operates under Asset Management classification in the United States and is traded on New York Stock Exchange.. The company has 72 M outstanding shares of which 1.13 M shares are at this time shorted by private and institutional investors with about 1.04 trading days to cover. More on PennantPark Floating Rate

Moving against PennantPark Stock

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PennantPark Stock Highlights

ESG Sustainability
Environmental
Governance
Social
Senior PresidentBrian Kendall
Thematic Ideas
(View all Themes)
Business ConcentrationAsset Management & Custody Banks, Financial Services, Investing, Banks, Management, Financials, Capital Markets, Asset Management, Financial Services (View all Sectors)
Average Analyst Recommendation
Financial Strength
Current ValueLast YearChange From Last Year 10 Year Trend
Asset Turnover0.04810.0411
Fairly Up
Slightly volatile
Net Debt333.5 M454.8 M
Way Down
Slightly volatile
Total Current Liabilities21.3 M22.5 M
Notably Down
Pretty Stable
Non Current Liabilities Total309.9 M569.7 M
Way Down
Slightly volatile
Total Assets824.7 M1.4 B
Way Down
Slightly volatile
Total Current Assets134 M127.6 M
Sufficiently Up
Slightly volatile
Debt Levels
PennantPark Floating can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand PennantPark Floating's financial leverage. It provides some insight into what part of PennantPark Floating's total assets is financed by creditors.
Liquidity
PennantPark Floating Rate currently holds 495.43 M in liabilities with Debt to Equity (D/E) ratio of 1.5, which is about average as compared to similar companies. PennantPark Floating Rate has a current ratio of 2.57, suggesting that it is liquid enough and is able to pay its financial obligations when due. Note, when we think about PennantPark Floating's use of debt, we should always consider it together with its cash and equity.

Total Cash From Operating Activities

169.73 Million
PennantPark Floating Rate (PFLT) is traded on New York Stock Exchange in USA. It is located in 1691 Michigan Avenue, Miami Beach, FL, United States, 33139 and employs 15 people. PennantPark Floating is listed under Asset Management & Custody Banks category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 818.62 M. PennantPark Floating Rate conducts business under Capital Markets sector and is part of Financials industry. The entity has 72 M outstanding shares of which 1.13 M shares are at this time shorted by private and institutional investors with about 1.04 trading days to cover. PennantPark Floating Rate currently holds about 40.62 M in cash with 140.56 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.98.
Check PennantPark Floating Probability Of Bankruptcy
Ownership Allocation
PennantPark Floating owns a total of 72 Million outstanding shares. Roughly 79.0 pct. of PennantPark Floating outstanding shares are held by general public with 1.14 % owned by insiders and only 19.43 (%) by third-party entities. Please note that no matter how many assets the company maintains, if the real value of the company is less than the current market value, you may not be able to make money on it.
Check PennantPark Ownership Details

PennantPark Stock Institutional Holders

InstituionRecorded OnShares
Lpl Financial Corp2024-03-31
222.5 K
Qube Research & Technologies2024-03-31
221.8 K
Blackrock Inc2024-03-31
206.2 K
Millennium Management Llc2024-03-31
159.6 K
Pnc Financial Services Group Inc2023-12-31
122.3 K
Ubs Group Ag2024-03-31
121.6 K
Hightower Advisors, Llc2024-03-31
118.7 K
Trexquant Investment Lp2024-03-31
117.6 K
Pfg Advisors2024-03-31
108.1 K
Sound Income Strategies2024-03-31
3.4 M
Altshuler Shaham Ltd2024-03-31
1.7 M
View PennantPark Floating Diagnostics

PennantPark Floating Historical Income Statement

At this time, PennantPark Floating's Interest Expense is comparatively stable compared to the past year. Other Operating Expenses is likely to gain to about 7.2 M in 2024, whereas Total Revenue is likely to drop slightly above 32.6 M in 2024. View More Fundamentals

PennantPark Stock Against Markets

PennantPark Floating Corporate Management

Additional Tools for PennantPark Stock Analysis

When running PennantPark Floating's price analysis, check to measure PennantPark Floating's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy PennantPark Floating is operating at the current time. Most of PennantPark Floating's value examination focuses on studying past and present price action to predict the probability of PennantPark Floating's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move PennantPark Floating's price. Additionally, you may evaluate how the addition of PennantPark Floating to your portfolios can decrease your overall portfolio volatility.