Overview Dividends

(PFLT) PennantPark Floating Rate - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US70806A1060

Floating Rate Loans, Senior Secured Loans, Mezzanine Debt, Equity Securities

PFLT EPS (Earnings per Share)

EPS Growth (3Y CAGR): -57.73%
EPS Trend (3Y Correlation): -61.2%

PFLT Revenue

Revenue Growth (3Y CAGR): 79.68%
Revenue Trend (3Y Correlation): 72.5%

Risk via 10d forecast
Volatility	18.1%
Value at Risk 5%th	30.7%
Relative Tail Risk	3.39%

Reward TTM
Sharpe Ratio	-0.51
Alpha	-18.86

Character TTM
Hurst Exponent	0.614
Beta	0.650
Beta Downside	0.725

Drawdowns 3y
Max DD	20.85%
Mean DD	6.39%
Median DD	6.20%

Description: PFLT PennantPark Floating Rate November 17, 2025

PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) operates as a Business Development Company (BDC) that focuses on secondary direct investments in debt, equity, and loan instruments. Its core mandate is to provide floating-rate financing to private or thinly-traded middle-market companies, primarily in the United States, with limited exposure to non-U.S. issuers.

The fund typically deploys $2 million–$20 million per transaction, concentrating 65 % of its portfolio in senior secured loans and mezzanine debt ranging from $10 million–$50 million. Approximately 30 % of assets may be allocated to non-qualifying securities such as larger public equities, high-yield bonds, or distressed debt, but under normal conditions at least 80 % of net assets (plus any borrowing) are held in floating-rate loans or cash equivalents. The investment horizon for these loans spans three to ten years, targeting companies that would fall between BB and CCC if rated by S&P.

As of FY 2023, PFLT reported assets under management of roughly $1.1 billion and a distribution yield near 10.5 %, reflecting its high-yield, rate-sensitive structure. The portfolio’s average loan spread sits around 5.5 % over LIBOR, and its leverage ratio is modest at 1.2 ×, providing a buffer against credit stress. The fund’s performance is closely tied to the Federal Reserve’s policy cycle: rising rates tend to enhance floating-rate coupon income, while widening high-yield spreads can pressure credit quality in the middle-market segment.

For a deeper, data-driven dive into PFLT’s floating-rate loan exposure and sensitivity to rate moves, the ValueRay platform offers a granular analytics suite worth exploring.

PFLT Stock Overview

Market Cap in USD	907m
Sub-Industry	Asset Management & Custody Banks
IPO / Inception	2011-04-08
Return 12m vs S&P 500	-21.0%
Analyst Rating	3.75 of 5

PFLT Dividends

Dividend Yield	13.77%
Yield on Cost 5y	20.53%
Yield CAGR 5y	1.92%
Payout Consistency	98.0%
Payout Ratio	45.6%

PFLT Growth Ratios

CAGR 3y	3.72%
CAGR/Max DD Calmar Ratio	0.18
CAGR/Mean DD Pain Ratio	0.58
Current Volume	1153k
Average Volume	974.1k

Piotroski VR‑10 (Strict, 0-10) 3.0

Net Income (105.0m TTM) > 0 and > 6% of Revenue (6% = 13.8m TTM)

FCFTA -0.27 (>2.0%) and ΔFCFTA 0.55pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue -30.40% (prev 37.57%; Δ -67.98pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA -0.27 (>3.0%) and CFO -677.8m <= Net Income 105.0m (YES >=105%, WARN >=100%)

Net Debt (81.7m) to EBITDA (170.0m) ratio: 0.48 <= 3.0 (WARN <= 3.5)

Current Ratio 0.62 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (81.7m) change vs 12m ago 19.25% (target <= -2.0% for YES)

Gross Margin 66.76% (prev 72.49%; Δ -5.73pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 10.72% (prev 9.84%; Δ 0.89pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 0.57 (EBITDA TTM 170.0m / Interest Expense TTM 78.6m) >= 6 (WARN >= 3)

Altman Z'' -0.31

(A) -0.03 = (Total Current Assets 114.7m - Total Current Liabilities 184.4m) / Total Assets 2.52b

(B) -0.05 = Retained Earnings (Balance) -134.1m / Total Assets 2.52b

(D) -0.09 = Book Value of Equity -134.0m / Total Liabilities 1.43b

Total Rating: -0.31 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 43.07

1. Piotroski 3.0pt = -2.0

2. FCF Yield -68.56% = -5.0

3. FCF Margin data missing

4. Debt/Equity 0.17 = 2.49

5. Debt/Ebitda 0.48 = 2.32

6. ROIC - WACC (= -6.40)% = -8.00

7. RoE 10.51% = 0.88

8. Rev. Trend 72.51% = 5.44

9. EPS Trend -61.16% = -3.06

What is the price of PFLT shares?

As of November 18, 2025, the stock is trading at USD 8.93 with a total of 1,152,962 shares traded.
Over the past week, the price has changed by -2.16%, over one month by +5.99%, over three months by -9.51% and over the past year by -9.49%.

Is PennantPark Floating Rate a good stock to buy?

No, based on ValueRay´s Fundamental Analyses, PennantPark Floating Rate (NYSE:PFLT) is currently (November 2025) a stock to sell. It has a ValueRay Fundamental Rating of 43.07 and therefor a negative outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PFLT is around 8.75 USD . This means that PFLT is currently overvalued and has a potential downside of -2.02%.

Is PFLT a buy, sell or hold?

PennantPark Floating Rate has received a consensus analysts rating of 3.75. Therefor, it is recommend to hold PFLT.

Strong Buy: 2
Buy: 2
Hold: 4
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PFLT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	10.9	21.6%
Analysts Target Price	10.9	21.6%
ValueRay Target Price	9.7	9.1%

PFLT Fundamental Data Overview November 06, 2025

Market Cap USD = 906.9m (906.9m USD * 1.0 USD.USD)
P/E Trailing = 11.1463
P/E Forward = 7.8616
P/S = 3.6571
P/B = 0.8092
P/EG = 0.266
Beta = 0.745
Revenue TTM = 229.4m USD
EBIT TTM = 44.4m USD
EBITDA TTM = 170.0m USD
Long Term Debt = unknown (0.0)
Short Term Debt = 184.4m USD (from shortTermDebt, last quarter)
Debt = 184.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 81.7m USD (from netDebt column, last quarter)
Enterprise Value = 988.5m USD (906.9m + Debt 184.4m - CCE 102.7m)
Interest Coverage Ratio = 0.57 (Ebit TTM 44.4m / Interest Expense TTM 78.6m)
FCF Yield = -68.56% (FCF TTM -677.8m / Enterprise Value 988.5m)
FCF Margin = -295.4% (FCF TTM -677.8m / Revenue TTM 229.4m)
Net Margin = 45.76% (Net Income TTM 105.0m / Revenue TTM 229.4m)
Gross Margin = 66.76% ((Revenue TTM 229.4m - Cost of Revenue TTM 76.3m) / Revenue TTM)
Gross Margin QoQ = 75.19% (prev 66.38%)
Tobins Q-Ratio = 0.39 (Enterprise Value 988.5m / Total Assets 2.52b)
Interest Expense / Debt = 7.80% (Interest Expense 14.4m / Debt 184.4m)
Taxrate = 2.61% (503.0k / 19.3m)
NOPAT = 43.2m (EBIT 44.4m * (1 - 2.61%))
Current Ratio = 0.62 (Total Current Assets 114.7m / Total Current Liabilities 184.4m)
Debt / Equity = 0.17 (Debt 184.4m / totalStockholderEquity, last quarter 1.09b)
Debt / EBITDA = 0.48 (Net Debt 81.7m / EBITDA 170.0m)
Debt / FCF = -0.12 (negative FCF - burning cash) (Net Debt 81.7m / FCF TTM -677.8m)
Total Stockholder Equity = 998.6m (last 4 quarters mean from totalStockholderEquity)
RoA = 4.16% (Net Income 105.0m / Total Assets 2.52b)
RoE = 10.51% (Net Income TTM 105.0m / Total Stockholder Equity 998.6m)
RoCE = 4.45% (EBIT 44.4m / Capital Employed (Equity 998.6m + L.T.Debt 0.0))
RoIC = 1.87% (NOPAT 43.2m / Invested Capital 2.32b)
WACC = 8.26% (E(906.9m)/V(1.09b) * Re(8.40%) + D(184.4m)/V(1.09b) * Rd(7.80%) * (1-Tc(0.03)))
Discount Rate = 8.40% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 17.91%
Fair Price DCF = unknown (Cash Flow -677.8m)
EPS Correlation: -61.16 | EPS CAGR: -57.73% | SUE: -4.0 | # QB: 0
Revenue Correlation: 72.51 | Revenue CAGR: 79.68% | SUE: -0.50 | # QB: 0

Additional Sources for PFLT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle