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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 : 7/10

vs
industry
vs
history
Cash to Debt 0.06
PFLT's Cash to Debt is ranked lower than
67% of the 1154 Companies
in the Global Asset Management industry.

( Industry Median: 10000.00 vs. PFLT: 0.06 )
PFLT' s 10-Year Cash to Debt Range
Min: 0.04   Max: No Debt
Current: 0.06

Equity to Asset 0.57
PFLT's Equity to Asset is ranked lower than
55% of the 1271 Companies
in the Global Asset Management industry.

( Industry Median: 0.83 vs. PFLT: 0.57 )
PFLT' s 10-Year Equity to Asset Range
Min: 0.52   Max: 0.74
Current: 0.57

0.52
0.74
Interest Coverage 5.68
PFLT's Interest Coverage is ranked lower than
62% of the 1068 Companies
in the Global Asset Management industry.

( Industry Median: 481.00 vs. PFLT: 5.68 )
PFLT' s 10-Year Interest Coverage Range
Min: 4.26   Max: 5.68
Current: 5.68

4.26
5.68
Z-Score: 1.04
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 : 5/10

vs
industry
vs
history
Operating margin (%) 52.77
PFLT's Operating margin (%) is ranked higher than
66% of the 1311 Companies
in the Global Asset Management industry.

( Industry Median: 45.84 vs. PFLT: 52.77 )
PFLT' s 10-Year Operating margin (%) Range
Min: 52.15   Max: 55.77
Current: 52.77

52.15
55.77
Net-margin (%) 83.89
PFLT's Net-margin (%) is ranked higher than
76% of the 1313 Companies
in the Global Asset Management industry.

( Industry Median: 42.54 vs. PFLT: 83.89 )
PFLT' s 10-Year Net-margin (%) Range
Min: 63.52   Max: 98.86
Current: 83.89

63.52
98.86
ROE (%) 10.95
PFLT's ROE (%) is ranked higher than
75% of the 1341 Companies
in the Global Asset Management industry.

( Industry Median: 7.23 vs. PFLT: 10.95 )
PFLT' s 10-Year ROE (%) Range
Min: 5.71   Max: 12.49
Current: 10.95

5.71
12.49
ROA (%) 6.21
PFLT's ROA (%) is ranked higher than
72% of the 1351 Companies
in the Global Asset Management industry.

( Industry Median: 4.17 vs. PFLT: 6.21 )
PFLT' s 10-Year ROA (%) Range
Min: 3.65   Max: 6.71
Current: 6.21

3.65
6.71
» PFLT's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

PFLT Guru Trades in

PFLT Guru Trades in

Q1 2014

PFLT Guru Trades in Q1 2014

NWQ Managers 324,492 sh (New)
» More
Q2 2014

PFLT Guru Trades in Q2 2014

George Soros 12,800 sh (New)
NWQ Managers 324,492 sh (unchged)
» More
» Details

Insider Trades

Latest Guru Trades with PFLT

(List those with share number changes of more than 20%, or impact to portfolio more than 0.1%)

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
George Soros 2014-06-30 New Buy$13.61 - $14.23 $ 14.23%12800
Premium More recent guru trades are included for Premium Members only!!
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Peter Lynch Chart ( What is Peter Lynch Charts )

Ratios

vs
industry
vs
history
P/E(ttm) 8.80
PFLT's P/E(ttm) is ranked higher than
72% of the 1051 Companies
in the Global Asset Management industry.

( Industry Median: 12.20 vs. PFLT: 8.80 )
PFLT' s 10-Year P/E(ttm) Range
Min: 7.16   Max: 11.12
Current: 8.8

7.16
11.12
P/B 0.98
PFLT's P/B is ranked higher than
71% of the 1500 Companies
in the Global Asset Management industry.

( Industry Median: 1.07 vs. PFLT: 0.98 )
PFLT' s 10-Year P/B Range
Min: 0.89   Max: 1.05
Current: 0.98

0.89
1.05
P/S 7.43
PFLT's P/S is ranked higher than
57% of the 1182 Companies
in the Global Asset Management industry.

( Industry Median: 5.35 vs. PFLT: 7.43 )
PFLT' s 10-Year P/S Range
Min: 6.25   Max: 7.65
Current: 7.43

6.25
7.65
EV-to-EBIT 13.86
PFLT's EV-to-EBIT is ranked higher than
62% of the 1005 Companies
in the Global Asset Management industry.

( Industry Median: 12.81 vs. PFLT: 13.86 )
PFLT' s 10-Year EV-to-EBIT Range
Min: 11.9   Max: 29.6
Current: 13.86

11.9
29.6
Current Ratio 1.51
PFLT's Current Ratio is ranked higher than
53% of the 365 Companies
in the Global Asset Management industry.

( Industry Median: 3.04 vs. PFLT: 1.51 )
PFLT' s 10-Year Current Ratio Range
Min: 0.06   Max: 1.51
Current: 1.51

0.06
1.51
Quick Ratio 1.51
PFLT's Quick Ratio is ranked higher than
55% of the 365 Companies
in the Global Asset Management industry.

( Industry Median: 2.95 vs. PFLT: 1.51 )
PFLT' s 10-Year Quick Ratio Range
Min: 0.06   Max: 1.51
Current: 1.51

0.06
1.51

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 7.50
PFLT's Dividend Yield is ranked higher than
88% of the 1016 Companies
in the Global Asset Management industry.

( Industry Median: 3.23 vs. PFLT: 7.50 )
PFLT' s 10-Year Dividend Yield Range
Min: 6.64   Max: 7.83
Current: 7.5

6.64
7.83
Dividend Payout 0.66
PFLT's Dividend Payout is ranked higher than
80% of the 780 Companies
in the Global Asset Management industry.

( Industry Median: 0.40 vs. PFLT: 0.66 )
PFLT' s 10-Year Dividend Payout Range
Min: 0.34   Max: 3.92
Current: 0.66

0.34
3.92
Yield on cost (5-Year) 7.50
PFLT's Yield on cost (5-Year) is ranked higher than
83% of the 1032 Companies
in the Global Asset Management industry.

( Industry Median: 3.60 vs. PFLT: 7.50 )
PFLT' s 10-Year Yield on cost (5-Year) Range
Min: 6.64   Max: 7.83
Current: 7.5

6.64
7.83

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 0.98
PFLT's Price/Tangible Book is ranked higher than
67% of the 1142 Companies
in the Global Asset Management industry.

( Industry Median: 1.01 vs. PFLT: 0.98 )
PFLT' s 10-Year Price/Tangible Book Range
Min: 0.75   Max: 1.01
Current: 0.98

0.75
1.01
Price/Median PS Value 1.05
PFLT's Price/Median PS Value is ranked higher than
69% of the 1074 Companies
in the Global Asset Management industry.

( Industry Median: 1.09 vs. PFLT: 1.05 )
PFLT' s 10-Year Price/Median PS Value Range
Min: 0.9   Max: 1.05
Current: 1.05

0.9
1.05
Price/Graham Number 0.62
PFLT's Price/Graham Number is ranked higher than
69% of the 916 Companies
in the Global Asset Management industry.

( Industry Median: 0.74 vs. PFLT: 0.62 )
PFLT' s 10-Year Price/Graham Number Range
Min: 0.57   Max: 0.85
Current: 0.62

0.57
0.85
Earnings Yield (Greenblatt) 7.20
PFLT's Earnings Yield (Greenblatt) is ranked higher than
62% of the 1135 Companies
in the Global Asset Management industry.

( Industry Median: 7.80 vs. PFLT: 7.20 )
PFLT' s 10-Year Earnings Yield (Greenblatt) Range
Min: 3.4   Max: 8.4
Current: 7.2

3.4
8.4

Business Description

Industry: Asset Management » Asset Management
Compare: » details
Traded in other countries:22P.Germany
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.
» More Articles for PFLT

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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