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Upturn AI SWOT - About
PFLT 
PennantPark Floating Rate Capital Ltd (PFLT)
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Upturn Advisory Summary
04/01/2025: PFLT (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -9.53% | Avg. Invested days 38 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 978.95M USD | Price to earnings Ratio 8.12 | 1Y Target Price 11.75 |
Price to earnings Ratio 8.12 | 1Y Target Price 11.75 | ||
Volume (30-day avg) 1438147 | Beta 1.66 | 52 Weeks Range 9.55 - 11.46 | Updated Date 04/1/2025 |
52 Weeks Range 9.55 - 11.46 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 10.99% | Basic EPS (TTM) 1.37 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 45.36% | Operating Margin (TTM) 78.43% |
Management Effectiveness
Return on Assets (TTM) 5.76% | Return on Equity (TTM) 12.06% |
Valuation
Trailing PE 8.12 | Forward PE 8.47 | Enterprise Value 971399091 | Price to Sales(TTM) 4.54 |
Enterprise Value 971399091 | Price to Sales(TTM) 4.54 | ||
Enterprise Value to Revenue 20.35 | Enterprise Value to EBITDA 26.01 | Shares Outstanding 87955904 | Shares Floating - |
Shares Outstanding 87955904 | Shares Floating - | ||
Percent Insiders 0.96 | Percent Institutions 21.71 |
Analyst Ratings
Rating 3.5 | Target Price 11.67 | Buy 2 | Strong Buy 1 |
Buy 2 | Strong Buy 1 | ||
Hold 5 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
PennantPark Floating Rate Capital Ltd
Company Overview
History and Background
PennantPark Floating Rate Capital Ltd. was founded in 2010. It focuses on providing direct lending solutions to U.S. middle market companies, evolving into a key player in this space.
Core Business Areas
- Direct Lending: Provision of senior secured debt, including first lien and second lien loans, and subordinated debt to middle market companies.
Leadership and Structure
The company is led by Arthur Penn as Chairman and CEO. Its organizational structure is designed to efficiently manage its investment portfolio and lending operations.
Top Products and Market Share
Key Offerings
- First Lien Senior Secured Loans: These loans are typically secured by a first priority lien on the assets of the borrower, offering a higher level of security. Market share data specific to this product for PennantPark is not publicly available. Competitors include Ares Capital (ARCC), Apollo Investment (AINV), and Golub Capital BDC (GBDC).
- Second Lien Senior Secured Loans: These loans are secured by a second priority lien. The interest rate is typically higher than first lien. Market share data specific to this product for PennantPark is not publicly available. Competitors include Ares Capital (ARCC), Apollo Investment (AINV), and Golub Capital BDC (GBDC).
Market Dynamics
Industry Overview
The direct lending industry continues to grow, driven by demand from middle market companies seeking alternatives to traditional bank financing. Increased regulation and consolidation in the banking sector further support this trend.
Positioning
PennantPark Floating Rate Capital Ltd. is positioned as a provider of financing solutions for middle market companies, focusing on senior secured debt. Its competitive advantages include its experienced management team and strong relationships with borrowers.
Total Addressable Market (TAM)
The total addressable market for direct lending to middle market companies is estimated to be in the hundreds of billions of dollars. PennantPark is positioned to capture a portion of this market through its established lending platform.
Upturn SWOT Analysis
Strengths
- Experienced Management Team
- Strong Relationships with Borrowers
- Diversified Investment Portfolio
- Disciplined Credit Underwriting Process
Weaknesses
- Reliance on External Financing
- Exposure to Credit Risk
- Sensitivity to Interest Rate Fluctuations
- Smaller Market Capitalization compared to other large players
Opportunities
- Growing Demand for Direct Lending
- Expansion into New Sectors and Industries
- Strategic Partnerships
- Increased Focus on Environmental, Social, and Governance (ESG) Investing
Threats
- Economic Downturn
- Increased Competition
- Regulatory Changes
- Rising Interest Rates
Competitors and Market Share
Key Competitors
- ARCC
- AINV
- GBDC
Competitive Landscape
PennantPark Floating Rate Capital Ltd. faces competition from larger, more established players in the direct lending market. Its advantages include its experienced management team and focus on senior secured debt. Disadvantages include reliance on external financing.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: PennantPark Floating Rate Capital Ltd.'s growth has been driven by its ability to originate and manage a diversified portfolio of middle market loans.
Future Projections: Analyst projections vary, but generally anticipate continued growth in the direct lending market, supporting PennantPark Floating Rate Capital Ltd.'s future expansion.
Recent Initiatives: Recent initiatives include expanding the investment portfolio and strategic partnerships.
Summary
PennantPark Floating Rate Capital Ltd. is a direct lending business development company (BDC). The company focuses on providing financing to middle market companies, often with floating rate exposure. While their growth may be dependent on external funding, their disciplined underwriting offers stability. Competition and economic conditions will impact future performance. They need to be more dynamic to compete with their main competitors.
Similar Companies
ARCC
Ares Capital Corporation
ARCC
Ares Capital Corporation
GBDC
Golub Capital BDC Inc
GBDC
Golub Capital BDC Inc
OCSL
Oaktree Specialty Lending Corp
OCSL
Oaktree Specialty Lending Corp
SLRC
SLR Investment Corp
SLRC
SLR Investment Corp
TCPC
BlackRock TCP Capital Corp
TCPC
BlackRock TCP Capital Corp
Sources and Disclaimers
Data Sources:
- Company filings
- Analyst reports
- Financial news sources
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on individual circumstances and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PennantPark Floating Rate Capital Ltd
Exchange NYSE | Headquaters Miami Beach, FL, United States | ||
IPO Launch date 2011-04-08 | Founder, Chairman & CEO Mr. Arthur Howard Penn | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website https://pflt.pennantpark.com |
Full time employees - | Website https://pflt.pennantpark.com | ||
PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
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