PennantPark Floating Rate Capital Ltd. declares an August 2025 distribution of $0.1025 per share, payable September 2, 2025.
Quiver AI Summary
PennantPark Floating Rate Capital Ltd. has declared a monthly distribution of $0.1025 per share for August 2025, to be paid on September 2, 2025, to stockholders on record by August 15, 2025. This distribution will be sourced from taxable net investment income, with specific tax characteristics to be reported on Form 1099 at year-end. As a regulated investment company, PennantPark may provide interest-related dividends that are exempt from U.S. withholding tax for non-U.S. stockholders, contingent on proper documentation. The company primarily invests in U.S. middle-market private companies through floating rate loans and is managed by PennantPark Investment Advisers, with a significant focus on flexible financing solutions in the middle-market sector.
Potential Positives
- The declaration of a monthly distribution of $0.1025 per share demonstrates the company's commitment to returning value to its shareholders.
- The distribution is expected to be paid from taxable net investment income, indicating a stable revenue stream.
- PennantPark Floating Rate Capital Ltd. operates as a regulated investment company, allowing certain distributions to be exempt from U.S. withholding tax for non-U.S. stockholders, potentially attracting international investors.
- The company manages approximately $10 billion of investable capital, indicating significant resources and confidence in its investment capabilities.
Potential Negatives
- The distribution amount of $0.1025 per share may be perceived as low, which could raise concerns among investors about the company's financial health or growth potential.
- Forward-looking statements highlight uncertainties and risks, which may create apprehension among investors regarding the company's future performance.
- The caveats regarding the information provided not constituting specific legal, tax or accounting advice could diminish investor confidence in the guidance offered.
FAQ
What is the scheduled distribution for August 2025?
The distribution for August 2025 is set at $0.1025 per share, payable on September 2, 2025.
When will the distribution be paid to stockholders?
The distribution will be paid on September 2, 2025, to stockholders of record as of August 15, 2025.
What is the source of the distribution payment?
The distribution is expected to be paid from taxable net investment income generated by the Company.
How can stockholders find the tax characteristics of the distribution?
Stockholders can find the specific tax characteristics of the distribution on the Company's website at www.pennantpark.com.
What types of investments does PennantPark Floating Rate Capital Ltd. focus on?
PennantPark primarily invests in U.S. middle-market private companies through floating rate senior secured loans and equity investments.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$PFLT Insider Trading Activity
$PFLT insiders have traded $PFLT stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $PFLT stock by insiders over the last 6 months:
- JOSE A BRIONES purchased 9,840 shares for an estimated $99,925
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$PFLT Hedge Fund Activity
We have seen 81 institutional investors add shares of $PFLT stock to their portfolio, and 45 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MARSHALL WACE, LLP added 1,604,766 shares (+1286.4%) to their portfolio in Q1 2025, for an estimated $17,957,331
- SCOGGIN MANAGEMENT LP added 1,469,691 shares (+inf%) to their portfolio in Q1 2025, for an estimated $16,445,842
- BALYASNY ASSET MANAGEMENT L.P. removed 926,495 shares (-61.5%) from their portfolio in Q1 2025, for an estimated $10,367,479
- STRATEGIC FINANCIAL CONCEPTS, LLC removed 659,405 shares (-91.1%) from their portfolio in Q1 2025, for an estimated $7,378,741
- TWO SIGMA INVESTMENTS, LP added 633,719 shares (+57.3%) to their portfolio in Q1 2025, for an estimated $7,091,315
- CITADEL ADVISORS LLC added 565,708 shares (+9512.5%) to their portfolio in Q1 2025, for an estimated $6,330,272
- TWO SIGMA ADVISERS, LP added 554,500 shares (+77.4%) to their portfolio in Q1 2025, for an estimated $6,204,855
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$PFLT Analyst Ratings
Wall Street analysts have issued reports on $PFLT in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- JMP Securities issued a "Market Outperform" rating on 06/24/2025
- Maxim Group issued a "Buy" rating on 05/14/2025
- Truist Securities issued a "Buy" rating on 05/14/2025
To track analyst ratings and price targets for $PFLT, check out Quiver Quantitative's $PFLT forecast page.
$PFLT Price Targets
Multiple analysts have issued price targets for $PFLT recently. We have seen 5 analysts offer price targets for $PFLT in the last 6 months, with a median target of $11.0.
Here are some recent targets:
- Vilas Abraham from UBS set a target price of $10.75 on 07/16/2025
- Matthew Condon from JMP Securities set a target price of $11.0 on 06/24/2025
- Michael Diana from Maxim Group set a target price of $11.5 on 05/14/2025
- Mark Hughes from Truist Securities set a target price of $11.0 on 05/14/2025
- Paul Johnson from Keefe, Bruyette & Woods set a target price of $11.0 on 04/08/2025
Full Release
MIAMI, Aug. 04, 2025 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for August 2025 of $0.1025 per share, payable on September 2, 2025 to stockholders of record as of August 15, 2025. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.
The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.
The specific tax characteristics of this distribution can be found on our website www.pennantpark.com .
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing approximately $10 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
CONTACT:
Richard T. Allorto, Jr.
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
www.pennantpark.com
