Truist Analyst Bullish on PennantPark Floating Rate Capital (PFLT)

Core Viewpoint - PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is highlighted as a strong growth stock, with a Buy recommendation and a price target of $11 from Truist Financial [1]. Financial Performance - For the quarter ended September 30, 2025, PennantPark allocated $633 million towards 116 portfolio holdings, with an average yield of 10.5% on debt investments [2]. - The company reported sales and repayments of investments totaling $256.2 million for the same quarter [2]. - Investment income for the three months and year ended September 30, 2025, was $69 million and $261.4 million, respectively, primarily from first lien secured debt and other investments [3]. Company Overview - PennantPark Floating Rate Capital Ltd. is a business development company that focuses on investing in floating rate loans and other debt or equity of middle-market companies, mainly in the United States [3].