PennantPark Floating Rate Capital Ltd (NYSE:PFLT) Q4 2024 Earnings Conference Call November 26, 2024 9:00 AM ET Company Participants Arthur Penn - Chairman & CEO Richard Allorto - Chief Financial Officer Conference Call Participants Paul Johnson - KBW Mark Hughes - Truist Doug Harter - UBS Operator Good morning, and welcome to PennantPark Floating Rate Capital's Fourth Fiscal Quarter 2024 Earnings Conference Call. Today's conference is being recorded. At this time, all participants have been placed in a lis ...

MIAMI, Nov. 25, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) (the "Company") announced today financial results for the fourth quarter and fiscal year ended September 30, 2024. HIGHLIGHTS Year ended September 30, 2024 ($ in millions, except per share amounts) Assets and Liabilities:      Investment portfolio (1)    $1,983.5 Net assets    $877.3 GAAP net asset value per share    $11.31 Quarterly decrease in GAAP net asset value per share     (0.3)%Adjusted net asset value per ...

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PennantPark Floating Rate Capital (NYSE: PFLT ) is a business development company ("BDC") that is more of a traditional BDC that invests primarily in first-lien floating rate loans. At the same time, they have a large portion of theirInterested in more income ideas? Check out Cash Builder Opportunities, where we provide ideas about high-quality and reliable dividend growth ideas. These investments are designed to build growing income for investors. A special focus on investments that are leaders within thei ...

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MIAMI, Oct. 03, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) announced that it will report results for the fourth fiscal quarter ended September 30, 2024 on Monday, November 25, 2024 after the close of the financial markets. The Company will also host a conference call at 9:00 a.m. (Eastern Time) on Tuesday November 26, 2024 to discuss its financial results. All interested parties are welcome to participate. You can access the conference call by dialing toll-f ...

This under-the-radar monthly dividend payer makes for a phenomenal buy during short-lived periods of panic. Between the start of 2023 and the midpoint of 2024, the bulls were firmly in control on Wall Street. The rise of artificial intelligence (AI), the return of stock-split euphoria, and better-than-expected corporate earnings/economic data helped propel all three major stock indexes to multiple record-closing highs. But as history has repeatedly shown, the stock market doesn't move up in a straight line. ...

PennantPark (PFLT) came out with quarterly earnings of $0.31 per share, missing the Zacks Consensus Estimate of $0.32 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -3.12%. A quarter ago, it was expected that this investment company would post earnings of $0.33 per share when it actually produced earnings of $0.31, delivering a surprise of -6.06%. Over the last four quarters, the ...

Core Points - PennantPark Floating Rate Capital Ltd. declared a monthly distribution of $0.1025 per share for June 2024, payable on July 1, 2024, to stockholders of record as of June 14, 2024 [1] - The distribution is expected to be paid from taxable net investment income, with specific tax characteristics reported on Form 1099 after the calendar year [1] - The company operates as a regulated investment company (RIC), generating qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax for non-U.S. stockholders [2] Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company primarily investing in U.S. middle-market private companies through floating rate senior secured loans, including first lien, second lien, and subordinated debt [4] - The company may also invest in equity investments occasionally [4] - Managed by PennantPark Investment Advisers, LLC, which oversees $7.5 billion of investable capital, including potential leverage [5] Management and Operations - PennantPark Investment Advisers, LLC has been providing access to middle market credit since its inception in 2007, offering a range of financing solutions to private equity firms and their portfolio companies [5] - The firm is headquartered in Miami, with additional offices in New York, Chicago, Houston, Los Angeles, and Amsterdam [5]

J Studios Overview When I originally covered PennantPark Floating Rate Capital (NYSE:PFLT), back in April, a lot of my prior analysis was centered around the fact that I liked PFLT a lot more compared to its brother fund PennantPark Investment Corp (PNNT). I wanted to circle back and dedicate an article that is more focused on PFLT individually, as I believe this business development company may see increased valuations over the next months as I anticipate interest rate cuts to happen. PFLT operates as a bu ...