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Truist Analyst Bullish on PennantPark Floating Rate Capital (PFLT)
Yahoo Finance· 2025-12-04 22:12
PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is one of the best high growth stocks to consider. On November 26, Arren Cyganovich from Truist Financial assigned a Buy recommendation on PennantPark, along with a price target of $11. In other news, PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) reported its financial results for the quarter ended September 30, 2025. The company allocated $633 million towards 11 fresh and 105 current portfolio holdings with debt investments yielding 10.5% on average ...
10 High Growth Monthly Dividend Stocks To Invest In Now
Insider Monkey· 2025-12-03 10:31
In this article, we discuss 10 high growth monthly dividend stocks to invest in now.Franklin Templeton, in its report dated March 7, mentioned that from 1960 to 2024, approximately 85% of the S&P 500’s total return was generated by reinvested dividends and long-term compounding gains. Amid the market turbulence, investors are shifting toward dividend stocks for stability. Although growth stocks remained in the spotlight for a long time, dividend investing is certainly making a comeback. Dividend ETFs listed ...
PennantPark Floating Rate Capital: Maintaining Yield As Rate Cuts Begin
Seeking Alpha· 2025-12-02 14:02
I analyze securities based on value investing, an owner's mindset, and a long-term horizon. I don't write sell articles, as those are considered short theses, and I never recommend shorting.I was initially interested in a career in politics, but after reaching a dead-end in 2019 and seeing the financial drain this posed, I choose a path that would make my money work for me and protect me from more setbacks. This brought me to study value investing, in order to grow wealth with risk management in mind.From 2 ...
SPARC AI files amended MD&A for the six months ended June 30, 2025
Thenewswire· 2025-12-02 14:00
Vancouver, Canada – TheNewswire - December 2, 2025 — SPARC AI Inc. (the “Company”) (CSE: SPAI) (OTCQB: SPAIF) (Frankfurt: 5OV0) following a review by the BCSC, the Company has amended and refiled its interim management’s discussion and analysis (the “Amended Interim MD&A”) for the period ended June 30, 2025 to clarify its disclosure. The Amended MD&As provide revised and updated disclosure respecting, among other things, the Company's overall performance, operations, product development, and comparison of ...
Norsemont Drilling Program Update at Choquelimpie
Thenewswire· 2025-12-02 14:00
Vancouver, B.C. – TheNewswire - December 2, 2025 – Norsemont Mining Inc. (CSE: NOM, OTC: NRRSF, FWB: LXZ1) (“Norsemont” or the “Company”) is pleased to announce completion of the initial diamond drill hole and commencement of 2 additional drill holes of its Phase 3 exploration drill program at the 100%-owned Choquelimpie high-sulfidation gold-silver-copper project in northern Chile. The first hole was targeting higher-grade gold mineralization hosted in the Vizcacha hydrothermal Brecia (Figure 1).  The Pha ...
PennantPark Floating Rate Capital .(PFLT) - 2025 Q4 - Earnings Call Transcript
2025-11-25 15:02
Financial Data and Key Metrics Changes - For the quarter ended September 30th, core net investment income was $0.28 per share, with GAAP net investment income also at $0.28 per share [5][16] - Net asset value (NAV) decreased by 1.2% to $10.83 per share from $10.96 per share in the previous quarter [16] - The debt to equity ratio was reported at 1.6 times, which was reduced to 1.4 times after subsequent asset sales [16][17] Business Line Data and Key Metrics Changes - The portfolio grew to $2.8 billion, up from $2.4 billion in the prior quarter, with a weighted average yield on debt investments at 10.2% [12][17] - The portfolio consists of 90% first lien senior secured debt, with only 0.4% of the portfolio in non-accrual status [10][17] - The company invested $633 million in 11 new and 105 existing portfolio companies during the quarter, achieving a weighted average yield of 10.5% [13] Market Data and Key Metrics Changes - The pricing on high-quality first lien term loans is reported at SOFR plus 475-525 basis points, with leverage ratios remaining reasonable [8][9] - The company noted a steady increase in transaction activity in the private middle market lending sector, which is expected to lead to higher loan origination volumes [8] Company Strategy and Development Direction - The company is focused on enhancing earnings power through scale, diversification, and disciplined capital deployment, as evidenced by a $250 million portfolio acquisition and the formation of a new joint venture [5][6] - The goal is to grow the new joint venture, PSSL2, to over $1 billion in assets, similar to existing joint ventures [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment, highlighting strong private equity sponsor relationships and disciplined underwriting as key advantages [8] - The company anticipates that the increase in transaction activity will provide opportunities to exit some equity co-investments and reinvest in income-producing assets [8] Other Important Information - The company has a strong credit quality track record, with a loss ratio on invested capital of only 11 basis points annually since inception [12] - The sectors targeted for investment include business services, consumer, government services and defense, healthcare, and software and technology, which are considered recession resilient [10][11] Q&A Session Summary Question: How did the portfolio acquisition come about? - The acquisition was part of a joint venture with a third party, involving assets that were well-known and originated by the company [21][22] Question: Are there more opportunities like the portfolio acquisition? - The company is optimistic about future opportunities, particularly in sectors where they have existing relationships and expertise [21] Question: What impact did the government shutdown have on portfolio companies? - The company has minimal exposure to civilian government activities, focusing more on defense and intelligence, which were not impacted by the shutdown [24] Question: What is the NII contribution from the sold assets? - The NII contribution from the $310 million of assets sold is expected to ramp up over the next year or two as the new joint venture scales [29][30] Question: How does the current leverage ratio cover the dividend? - The company believes that a leverage ratio of 1.5 should easily cover the dividend, even with potential reductions in SOFR [43] Question: What trends are seen in the underlying portfolio companies? - The company is observing double-digit revenue growth and single-digit EBITDA growth across its portfolio, with a healthy overall portfolio despite some choppier credits [46][47] Question: Any consideration for buybacks given the stock price is below book value? - The board considers all options, including buybacks, especially given the current valuation [59]
PennantPark Floating Rate Capital .(PFLT) - 2025 Q4 - Earnings Call Transcript
2025-11-25 15:02
Financial Data and Key Metrics Changes - For the quarter ended September 30th, core net investment income was $0.28 per share, with GAAP net investment income also at $0.28 per share [5][16] - Net asset value (NAV) decreased by 1.2% to $10.83 per share from $10.96 per share in the previous quarter [16] - The debt to equity ratio was reported at 1.6 times, which was later reduced to 1.4 times after asset sales [16][17] Business Line Data and Key Metrics Changes - The portfolio grew to $2.8 billion, up from $2.4 billion in the prior quarter, indicating a strong increase in assets under management [12] - The weighted average yield on debt investments was 10.2%, with approximately 99% of the debt portfolio being floating rate [17] - The portfolio maintained a median leverage ratio of 4.5 times and a median interest coverage of 2 times [9][18] Market Data and Key Metrics Changes - The pricing on high-quality first lien term loans was reported at SOFR plus 475-525 basis points, with reasonable leverage and meaningful covenant protections [8][9] - The company noted a steady increase in transaction activity in the private middle market lending sector, which is expected to lead to higher loan origination volumes [8] Company Strategy and Development Direction - The company is focused on enhancing earnings power through scale, diversification, and disciplined capital deployment, as evidenced by a $250 million portfolio acquisition and the formation of a new joint venture [5][6] - The goal for the new joint venture, PSSL2, is to grow it to over $1 billion in assets, similar to existing joint ventures [7] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the current market environment, highlighting opportunities for capital deployment in core middle market companies with lower leverage and higher spreads [8][11] - The company remains committed to delivering a stable dividend stream while preserving capital and creating long-term value for stakeholders [19] Other Important Information - The company has a strong credit quality track record, with a loss ratio on invested capital of only 11 basis points annually since inception [12] - The portfolio is well-diversified, comprising 164 companies across 50 industries, with a focus on sectors that are recession resilient [10][12] Q&A Session Summary Question: How did the portfolio acquisition come about? - The acquisition was part of a joint venture with a third party, involving assets that were well-known to the company, which originated a couple of years ago [21][22] Question: Are there more opportunities like the portfolio acquisition? - Management indicated that they are always looking for similar opportunities and emphasized the value of acquiring assets they are familiar with [21][22] Question: What impact did the government shutdown have on portfolio companies? - The company has minimal exposure to civilian government activities, focusing more on defense and intelligence, which were not impacted by the shutdown [24] Question: What is the expected NII contribution from the recent asset sales? - The NII contribution from the $250 million portfolio acquisition is expected to add about 1-2 cents per share for a full quarter [29] Question: How does the current leverage ratio cover the dividend? - Management believes that a leverage ratio of 1.5 should easily cover the dividend, even with potential reductions in SOFR [43] Question: What trends are being observed in the underlying portfolio companies? - The company is seeing double-digit revenue growth and single-digit EBITDA growth across its portfolio, with a healthy overall portfolio despite some choppier credits [46][47] Question: Is there any consideration for stock buybacks given the stock price is trading below book value? - The board considers all options, including buybacks, and acknowledges that the current stock price appears to be a good value [59]
PennantPark Floating Rate Capital .(PFLT) - 2025 Q4 - Earnings Call Transcript
2025-11-25 15:00
Financial Data and Key Metrics Changes - For the quarter ended September 30, core net investment income was $0.28 per share, with GAAP net investment income also at $0.28 per share [4][14] - As of September 30, net asset value (NAV) was $10.83 per share, down 1.2% from $10.96 per share in the previous quarter [15] - The debt to equity ratio was 1.6 times, which was reduced to 1.4 times after subsequent asset sales [15][16] Business Line Data and Key Metrics Changes - The company invested $633 million in 11 new and 105 existing portfolio companies at a weighted average yield of 10.5% during the quarter [12] - The portfolio grew to $2.8 billion, up from $2.4 billion in the prior quarter [11] - The portfolio remains well-diversified, comprising 164 companies across 50 industries, with 90% in first lien senior secured debt [16] Market Data and Key Metrics Changes - The pricing on high-quality first lien term loans in the core middle market is SOFR plus 475-525 basis points, with leverage being reasonable [8] - The median leverage ratio of the portfolio's debt securities was 4.5 times, and the median interest coverage was 2 times [8][17] - Non-accruals represented only 0.4% of the portfolio at cost and 0.2% at market value, indicating strong credit metrics [9][16] Company Strategy and Development Direction - The company is focused on enhancing earnings power through scale, diversification, and disciplined capital deployment, as evidenced by the $250 million portfolio acquisition and the formation of a new joint venture [4][5] - The goal is to grow the PSSL2 joint venture to over $1 billion in assets, similar to existing joint ventures, which should lead to net investment income exceeding current dividends [5][12] Management's Comments on Operating Environment and Future Outlook - Management is optimistic about a steady increase in transaction activity in private middle market lending, which is expected to lead to higher loan origination volumes [6] - The company believes the current environment favors lenders with strong private equity sponsor relationships and disciplined underwriting, areas where it has a clear advantage [6][10] - Management noted that the average consumer is relatively soft, but sectors like government services, defense, and healthcare remain strong [22] Other Important Information - The company has invested $8.4 billion in 539 companies since inception, with a loss ratio on invested capital of only 11 basis points annually [11] - The weighted average yield on debt investments was 10.2%, and approximately 99% of the debt portfolio is floating rate [16] Q&A Session Summary Question: How did the portfolio acquisition come about? - The acquisition was part of a joint venture with a third party, involving assets that were already well-known to the company, which originated a couple of years ago [20] Question: Are you seeing any bifurcation in the market? - There is a general reversion to the mean in the economy, with some sectors like logistics still dealing with post-COVID issues, while government services and healthcare remain strong [21][22] Question: What is the NII contribution from the assets sold? - The $250 million portfolio acquisition is expected to add about 1-2 cents per share of NII for a full quarter, while the new joint venture will take time to ramp up [28] Question: How are new loan spreads stabilizing? - New loans are being accessed at SOFR plus 175 basis points, with average spreads in the 475-525 range, reflecting a focus on solid credit [36] Question: What is the strength of the underlying portfolio companies? - The portfolio is seeing double-digit revenue growth and mid-single-digit EBITDA growth, with a healthy overall portfolio despite some choppier credits [44][46] Question: Any consideration for buybacks given the stock price? - The board considers all options, including buybacks, especially given the current valuation [58]
PennantPark (PFLT) Reports Q4 Earnings: What Key Metrics Have to Say
ZACKS· 2025-11-25 00:01
Core Insights - For the quarter ended September 2025, PennantPark (PFLT) reported revenue of $68.98 million, reflecting a year-over-year increase of 24.2% and a surprise of +4.65% over the Zacks Consensus Estimate of $65.91 million [1] - EPS for the quarter was $0.28, which is a decrease from $0.32 in the same quarter last year, aligning with the consensus EPS estimate [1] - The stock has returned -0.1% over the past month, compared to the Zacks S&P 500 composite's -1.8% change, and currently holds a Zacks Rank 4 (Sell) [3] Revenue and Earnings Performance - The revenue increase of 24.2% year-over-year indicates strong growth, surpassing analyst expectations [1] - The reported EPS of $0.28 did not deliver a surprise, as it matched the consensus estimate [1] Key Metrics Analysis - Other income from non-controlled, non-affiliated investments was reported at $1.14 million, exceeding the two-analyst average estimate of $1.01 million [4] - Interest income from non-controlled, non-affiliated investments was $56.32 million, surpassing the two-analyst average estimate of $51.78 million, representing a year-over-year change of +41.9% [4] - Dividend income from non-controlled, non-affiliated investments was $0.1 million, significantly below the two-analyst average estimate of $0.55 million, reflecting a year-over-year decline of -80% [4]
PennantPark (PFLT) Meets Q4 Earnings Estimates
ZACKS· 2025-11-24 23:20
Core Insights - PennantPark (PFLT) reported quarterly earnings of $0.28 per share, matching the Zacks Consensus Estimate, but down from $0.32 per share a year ago [1] - The company achieved revenues of $68.98 million for the quarter ended September 2025, exceeding the Zacks Consensus Estimate by 4.65% and up from $55.52 million year-over-year [2] - The stock has underperformed, losing approximately 17.1% since the beginning of the year compared to the S&P 500's gain of 12.3% [3] Earnings and Revenue Performance - The earnings per share (EPS) for the upcoming quarter is estimated at $0.28, with revenues projected at $67.52 million, while the current fiscal year estimates are $1.15 EPS on $274.83 million in revenues [7] - Over the last four quarters, PennantPark has surpassed consensus revenue estimates two times [2] Market Outlook and Industry Context - The Zacks Rank for PennantPark is currently 4 (Sell), indicating expectations of underperformance in the near future [6] - The Financial - Investment Management industry, to which PennantPark belongs, is ranked in the top 31% of over 250 Zacks industries, suggesting a favorable industry outlook [8]