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14.86 (1y: +25%)
Market Cap 152.48 M P/E(ttm) 11.10
Enterprise Value 149.76 M P/B
PFLT- NAS (USA)
PennantPark Floating Rate Capital
Not Rated
Top Ranked Predictable Companies
$14.86
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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength

vs
industry		 vs
history
Cash to Debt No Debt
PFLT's Cash to Debt is ranked higher than
91% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 0.40 vs. PFLT: No Debt )
PFLT' s 10-Year Cash to Debt Range
Min: No Debt   Max: No Debt
Current: No Debt
Interest Coverage No Debt
PFLT's Interest Coverage is ranked higher than
82% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 4.70 vs. PFLT: No Debt )
PFLT' s 10-Year Interest Coverage Range
Min: No Debt   Max: No Debt
Current: No Debt
Z-Score: 1.94
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth

vs
industry		 vs
history
Operating margin (%) 51.40
PFLT's Operating margin (%) is ranked higher than
75% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 6.00 vs. PFLT: 51.40 )
PFLT' s 10-Year Operating margin (%) Range
Min: 51.4   Max: 52.2
Current: 51.4
51.4
52.2
Net-margin (%) 78.1
PFLT's Net-margin (%) is ranked higher than
79% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 8.10 vs. PFLT: 78.1 )
PFLT' s 10-Year Net-margin (%) Range
Min: 78.1   Max: 98.9
Current: 78.1
78.1
98.9
» PFLT's 10-Y Financials

Financials


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Top Ranked Articles about PennantPark Floating Rate Capital

Pennantpark Announces Public Offering and Insiders Buy
March 25, 2013
- Pennantpark Announces Public Offering And Insiders Buy
Last week Pennantpark Floating Rate Capital (PFLT) announced that it is going to sell 3 million shares of common stock at a public offering price of $14 per share. The closing of this transaction is set to be delivered on March 26. The company is planning on using the net proceeds to reduce outstanding debts, to fund investments in compliance to its investment objectives, or for general corporate purposes. Taking advantage of the common stock price, Director Samuel Katz added 30,000 shares to his stake costing him a total of $420,000. Katz now holds on to 59,500 shares in company stock. The last time Katz invested in the company was in August 2011, and since then he has seen the price per share increase 30.57%. Read more...

Ratios

vs
industry		 vs
history
P/E(ttm) 11.10
PFLT's P/E(ttm) is ranked higher than
62% of the 672 Companies
in the Global Asset Management industry.

( Industry Median: 13.10 vs. PFLT: 11.10 )
PFLT' s 10-Year P/E(ttm) Range
Min: 7.16   Max: 11.1
Current: 11.1
7.16
11.1
P/S 6.94
PFLT's P/S is ranked higher than
52% of the 972 Companies
in the Global Asset Management industry.

( Industry Median: 5.19 vs. PFLT: 6.94 )
PFLT' s 10-Year P/S Range
Min: 6.4   Max: 7.51
Current: 6.94
6.4
7.51
EV-to-EBIT 21.3
PFLT's EV-to-EBIT is ranked lower than
56% of the 660 Companies
in the Global Asset Management industry.

( Industry Median: 12.80 vs. PFLT: 21.3 )
PFLT' s 10-Year EV-to-EBIT Range
Min: 11.9   Max: 14.2
Current: 21.3
11.9
14.2

Dividend & Buy Back

vs
industry		 vs
history
Dividend Yield 6.71
PFLT's Dividend Yield is ranked higher than
87% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 1.78 vs. PFLT: 6.71 )
PFLT' s 10-Year Dividend Yield Range
Min: 6.64   Max: 7.45
Current: 6.71
6.64
7.45
Dividend Payout 0.7259
PFLT's Dividend Payout is ranked higher than
53% of the 545 Companies
in the Global Asset Management industry.

( Industry Median: 0.48 vs. PFLT: 0.7259 )
PFLT' s 10-Year Dividend Payout Range
Min: 0.52   Max: 0.61
Current: 0.73
0.52
0.61
Yield on cost (5-Year) 6.70
PFLT's Yield on cost (5-Year) is ranked higher than
88% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 1.14 vs. PFLT: 6.70 )
PFLT' s 10-Year Yield on cost (5-Year) Range
Min: 6.64   Max: 7.45
Current: 6.7
6.64
7.45

Valuation & Return

vs
industry		 vs
history
Price/Median PS Value 1
PFLT's Price/Median PS Value is ranked higher than
66% of the 734 Companies
in the Global Asset Management industry.

( Industry Median: 1.10 vs. PFLT: 1 )
PFLT' s 10-Year Price/Median PS Value Range
Min: 1   Max: 1.1
Current: 1
1
1.1
Earnings Yield (Greenblatt) 4.70
PFLT's Earnings Yield (Greenblatt) is ranked higher than
73% of the 1325 Companies
in the Global Asset Management industry.

( Industry Median: 0.00 vs. PFLT: 4.70 )
PFLT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 4.7   Max: 8.4
Current: 4.7
4.7
8.4

Business Description

PennantPark Floating Rate Capital was formed on October 28, 2010 as a Maryland Corporation. It is a newly organized, externally managed, closed-end, non-diversified management investment company. It intends to qualify annually, as a regulated investment company. It principally invests in U.S. middle-market private companies in the form of senior secured loans, mezzanine debt, and equity investments. From time to time, the Company may also invest in public companies whose securities are thinly traded. Its investment objective is to seek high current income. It currently intends to focus primarily on the following attributes: Leading, defensible market positions, Investing in stable portfolio companies with positive cash flow, Proven management teams, Private equity sponsorship & Investments in different portfolio companies and industries. It believes that the limited amount of capital available to the middle-market companies, coupled with the desire of these companies for flexible sources of capital, creates an attractive investment environment for PennantPark Floating Rate Capital: it believes middle-market companies have faced increasing difficulty in raising debt through the capital markets, middle-market companies have faced difficulty raising debt in private markets, current credit market dislocation for middle-market companies improves the risk-adjusted returns of its investments & there is substantial supply of opportunities resulting from refinancing. It believes that it has the following competitive advantages over other capital providers to middle-market companies: Experienced Management Team, Disciplined Investment Approach with Strong Value Orientation, Ability to Source and Evaluate Transactions through the Investment Adviser's Research Capability and Established Network, Flexible Transaction Structuring & Longer Investment Horizon with Attractive Publicly Traded Model. Its primary competitors provide financing to middle-market companies and include other business development companies and closed-end funds, commercial and investment banks, commercial finance companies and, to the extent they provide an alternative form of financing, private equity funds. Additionally, alternative investment vehicles, such as hedge funds, frequently invest in middle-market companies. As a result, competition for investment opportunities at middle-market companies can be intense.
Company Website
SEC Reports
Industry: Asset Management
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Headlines

Articles On GuruFocus.com
Pennantpark Announces Public Offering and Insiders Buy Mar 25 2013 
The Best Yielding Ex-Dividend Stocks on February 14, 2013 Feb 13 2013 
Dividend Roundup: HST, PFLT, HEI, BBY, CASY Jun 15 2011 

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