PennantPark (PFLT) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15.15%. A quarter ago, it was expected that this investment company would post earnings of $0.31 per share when it actually produced earnings of $0.33, delivering a surprise of 6.45%.Over the last four quarters, the c ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO COMMISSION FILE NUMBER: 814-00891 PENNANTPARK FLOATING RATE CAPITAL LTD. (Exact name of registrant as specified in its charter) 1691 Michigan Avenue Miami ...

Financial Performance - For the quarter ended March 31, 2025, the investment portfolio totaled $2,344.1 million, with net assets of $1,067.1 million, reflecting a quarterly change in GAAP net asset value per share of -2.4%[2] - Net investment income for the quarter was $25.0 million, or $0.28 per share, compared to $19.1 million, or $0.31 per share for the same period in 2024, indicating an increase in investment income[17] - For the six months ended March 31, 2025, net investment income totaled $55.0 million, or $0.64 per share, consistent with the same period in 2024[17] - Total investment income for the six months ended March 31, 2025, was $128.9 million, an increase from $82.3 million in the same period of 2024[36] - The company declared distributions of $0.31 per share for the quarter[2] - The company declared distributions of $0.615 per share for the six months ended March 31, 2025, totaling $52.9 million, compared to $36.9 million for the same period in 2024[30] Investment Activities - The company invested $293.3 million in new and existing portfolio companies during the quarter, with a weighted average yield on debt investments of 9.9%[8] - The weighted average yield on debt investments in the portfolio was 10.5% as of March 31, 2025[6] - The company had four portfolio companies on non-accrual status, representing 2.2% of the overall portfolio on a cost basis[6] Expenses and Debt - Total expenses for the quarter were $36.9 million, up from $25.3 million in the same quarter of 2024, primarily due to increased interest expenses and management fees[16] - The annualized weighted average cost of debt decreased to 6.8% for the six months ended March 31, 2025, from 7.1% in the prior year[25] - The company completed a $474.6 million term debt securitization in February 2025, retaining $85.1 million of subordinated notes[24] - The company closed a $301 million debt securitization in April 2025, structured with various classes of loans and notes, expected to be approximately 100% funded at close[32] Asset Management - The company’s total assets increased to $2.471 billion as of March 31, 2025, from $2.109 billion as of September 30, 2024[35] - The net asset value per share decreased to $11.07 as of March 31, 2025, from $11.31 a year earlier[35] - For the six months ended March 31, 2025, the company had cash equivalents of $111.4 million, slightly down from $112.1 million as of September 30, 2024[26] - The company issued 11,562,000 shares and 18,838,000 shares of common stock during the three and six months ended March 31, 2025, raising net proceeds of $131.0 million and $213.2 million, respectively[27] Management and Strategy - PennantPark Floating Rate Capital Ltd. primarily invests in U.S. middle-market companies through floating rate senior secured loans, including first lien, second lien, and subordinated debt[38] - PennantPark Investment Advisers, LLC manages approximately $10 billion of investable capital, including potential leverage, since its inception in 2007[39] - The company provides a comprehensive range of creative and flexible financing solutions to private equity firms and middle-market borrowers[39] Forward-Looking Statements - Forward-looking statements made by the company are subject to risks and uncertainties that could cause actual results to differ materially from expectations[40] - The company does not guarantee future performance or results, and actual outcomes may vary significantly from forward-looking statements[41] - The information provided does not constitute specific legal, tax, or accounting advice, and qualified professionals should be consulted for such matters[42]

MIAMI, May 12, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) announced today its financial results for the second quarter ended March 31, 2025. HIGHLIGHTSQuarter ended March 31, 2025 (Unaudited)($ in millions, except per share amounts) Assets and Liabilities: Investment portfolio (1) $2,344.1 <td style="ver ...

Core Viewpoint - The article highlights three high-yield dividend stocks with an average yield of 8.63%, presenting them as attractive investment opportunities for income-seeking investors. Group 1: Dividend Stocks Performance - Public companies that regularly pay dividends are typically profitable and capable of long-term growth, supported by historical data [2] - A study by Hartford Funds and Ned Davis Research shows that dividend-paying stocks outperformed non-payers by 9.2% annually over a 51-year period [4] Group 2: Investment Opportunities - Pfizer offers a yield of 7.46%, with sustainable earnings despite concerns over tariff impacts and a decline in COVID-19 therapy sales [7][9] - Verizon Communications has a yield of 6.39%, significantly higher than the S&P 500 average, and is positioned to benefit from the 5G expansion despite facing growth challenges [13][16] - PennantPark Floating Rate Capital boasts a yield of 12.04%, focusing on debt investments in middle-market companies, benefiting from higher market-rate yields due to its variable-rate debt portfolio [20][22] Group 3: Financial Metrics and Growth - Pfizer's revenue increased from $41.9 billion in 2020 to $63.6 billion in 2024, marking a 52% growth [9] - Verizon's broadband connections grew by 13.7% year-over-year, reaching 12.6 million [17] - PennantPark's weighted average yield on debt investments is 10.6%, with a significant portion of its debt securities being first-lien secured [22][23]

Core Points - PennantPark Floating Rate Capital Ltd. amended its credit facility agreement, reducing pricing to SOFR plus 200 basis points from SOFR plus 225 basis points, extending the reinvestment period to August 2028, and extending the maturity date to August 2030 [1][2] - The maximum first lien advance rate increased to 72.5% from 70.0%, while commitments decreased from $736 million to $718 million [1] Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt [4] - The company is managed by PennantPark Investment Advisers, LLC, which manages approximately $10 billion of investible capital and offers a range of financing solutions to middle-market borrowers [5]

MIAMI, April 15, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the “Company”) (NYSE: PFLT) today announced that PennantPark Senior Secured Loan Fund I LLC (“PSSL”) through PSSL’s wholly-owned and consolidated subsidiary, PennantPark CLO 12, LLC (“CLO 12”) has closed a four-year reinvestment period, twelve-year final maturity $301 million debt securitization in the form of a collateralized loan obligation (“CLO” or “Securitization”). The debt issued in this Securitization (the “Debt”) is s ...

Core Viewpoint - PennantPark Floating Rate Capital Ltd. has successfully closed a $301 million debt securitization through its subsidiary, demonstrating resilience in challenging capital market conditions and achieving historically low AAA pricing [1][3]. Group 1: Debt Securitization Details - The debt securitization consists of a four-year reinvestment period and a twelve-year final maturity [1]. - The total amount of debt issued is $301 million, structured into various classes with different amounts and expected ratings [2]. - The proceeds from the debt will be used to repay a portion of PSSL's $325 million secured credit facility [3]. Group 2: Company Performance and Strategy - The company manages approximately $4.0 billion in CLO middle market assets and aims for continued growth with support from current and new investors [3]. - PSSL will retain all Subordinated Notes through a consolidated subsidiary, maintaining exposure to the performance of the securitized assets [3]. - The term debt securitization is expected to be approximately 100% funded at close [3]. Group 3: Company Background - PennantPark Floating Rate Capital Ltd. primarily invests in U.S. middle-market private companies through floating rate senior secured loans [5]. - The company is managed by PennantPark Investment Advisers, LLC, which has approximately $10 billion of investable capital [6].

Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that primarily invests in U.S. middle-market private companies through floating rate senior secured loans, including first lien secured debt, second lien secured debt, and subordinated debt [3] - The company may also engage in equity investments from time to time [3] - PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC, which has a significant presence in the middle market credit sector [3] Management and Investment Platform - PennantPark Investment Advisers, LLC manages $9.8 billion of investable capital, including potential leverage, and has been operational since 2007 [4] - The firm provides a comprehensive range of creative and flexible financing solutions to private equity firms, their portfolio companies, and other middle-market borrowers [4] - PennantPark Investment Advisers, LLC is headquartered in Miami and has additional offices in New York, Chicago, Houston, Los Angeles, and Amsterdam [4] Upcoming Financial Reporting - The company will report its financial results for the second fiscal quarter ended March 31, 2025, on May 12, 2025, after the close of financial markets [1] - A conference call to discuss these results will be held on May 13, 2025, at 9:00 a.m. Eastern Time, with access available for all interested parties [2]

Core Viewpoint - PennantPark (PFLT) has received a Zacks Rank 1 (Strong Buy) upgrade, indicating a positive earnings outlook that may lead to increased stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with stock price movements [4][6]. - Rising earnings estimates for PennantPark suggest an improvement in the company's underlying business, likely resulting in higher stock prices [5][10]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7][9]. - Only the top 5% of Zacks-covered stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][10]. Earnings Estimate Revisions for PennantPark - For the fiscal year ending September 2025, PennantPark is expected to earn $1.33 per share, reflecting a year-over-year change of 4.7% [8]. - Over the past three months, the Zacks Consensus Estimate for PennantPark has increased by 4.4% [8].