PennantPark Floating Rate Capital: I'm Buying This ~13% Yield Now

Core Viewpoint - PennantPark Floating Rate Capital (NYSE: PFLT) is currently undervalued in the market, categorized among various Business Development Companies (BDCs) that are facing significant discounts [1] Group 1: Company Overview - PennantPark Floating Rate Capital is identified as a BDC that has been negatively impacted by market conditions, leading to its shares being placed in the "discount rack" [1]