PennantPark Floating Rate Capital

PFLT · NYSE

$6.26−$0.04 (−0.63%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $6.30

PFLT analyst rating

BuyConsensus of 4 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy4
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $9.94 (+58.9% upside)

Low: $9.09
Now: $6.26
High: $11.02

Upgrades and downgrades

The latest rating actions, newest first

PFLT analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 9, 2026	Initiates	Neutral → Buy	$9.50 → $8.50	35%
Truist Securities	May 19, 2026	Maintains	Buy	$10.00 → $9.00	63%
Citizens	Apr 22, 2026	Maintains	Market Outperform	$11.00 → $10.00	33%
Keefe, Bruyette & Woods	Feb 12, 2026	Maintains	Outperform	$10.50 → $10.00	36%

The case for and against

Updated Feb 9, 2026

Bull case

PennantPark Floating Rate Capital Ltd is projected to achieve a quarterly net investment income (NII) of $0.29 per share over the next year, indicating a potential increase of approximately 5% in forward estimates. This positive outlook is further supported by improved clarity regarding the trajectory of NII, return on equity (ROE), and dividends, especially as the stock currently trades at 0.93 times its net asset value (NAV) and offers a substantial 12% dividend yield. The combination of favorable financing conditions for U.S. middle-market companies, along with the potential for rising interest rates, enhances the risk-reward profile for investors in floating rate loans.

Bear case

PennantPark Floating Rate Capital Ltd faces significant risks as its investments are primarily in U.S. middle-market companies, which may experience adverse financial conditions during an economic downturn, leading to potential defaults on payments and decreased interest income. The company's net asset value is vulnerable to fluctuations within the volatile credit market and may deteriorate further amid broader economic challenges. These factors collectively contribute to a negative outlook for the company's financial stability and performance.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.