PFLT PennantPark Floating Rate Capital Ltd.
Trend channel, buy level and 3-month target. Information only, not financial advice.
Inside the channel · 12-month channel falling
Price is between the lines.
- 12-month channel
- US$6.41 – US$7.19 · falling, −23% a year
- Price in channel
- 66% (0% = floor, 100% = ceiling)
- Ceiling overhead
- US$7.19
- Turns bearish below
- US$6.41
What broke this trend
- The fall
- -35% from US$9.5827 Mar 2025 → 21 Oct 2026
- Whose problem it was
- This company13 of 51 Asset Management peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 22%of what it lost
- What the record says
- 67% of 87 comparable falls came back, typically in 77 days measured on its own peer group
Fell -35% (27 Mar 2025 → 21 Oct 2026); regained 22% so far; company-specific.
Price history, with the path projected 3 months forward
Updated 3:59 PM ET (10 h ago)
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- The same lines over the last 12 months
- Dashed after today: projected 3 months
- Our buy
- Our target
Suggested path
Buy at or below
US$6.76
level as at 12 Nov 2026
Our target
US$7.17
by 24 Nov 2026
Projected move
6.0%
gross, before costs
Price is between our buy and target.
Target: PFLT's usual move size (6.0%), the best return per day on this path.
This move size: reached in 44% of 11 past stretches, typically in 42 days. (0.14% per day)
6 settled calls · 3 reached target (50%) · average best move 5.9%. See the full record.
- Upper line touches
- 3
- Lower line touches
- 4
- Fit confidence
- 86%
- Fitted
- 3 Nov 2026
Company information
About PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. functions as a business development company (BDC). It pursues a diverse investment strategy, engaging in direct secondary market acquisitions, various debt and equity instruments, and loan investments. The fund principally allocates capital through floating rate loans to middle-market companies, which may be privately held, publicly traded with low liquidity, or publicly listed with modest market capitalization. While its primary geographical focus is the United States, a limited portion of its investments extends to international entities. Individual investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
- Sector
- Financial Services
- Industry
- Asset Management
- CEO
- Arthur Howard Penn
- Country
- US
Scorecard
Our own scores from the fundamentals below (not Morningstar ratings).
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$678.65M
- Enterprise value
- —
- Beta
- 0.77
- Avg volume
- 1.02M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 6.825-9.75
- Exchange
- NYSE
Key ratios
- P/E (TTM)
- —
- PEG
- —
- Price / sales
- —
- Price / book
- —
- EV / EBITDA
- —
- Gross margin
- —
- Operating margin
- —
- Net margin
- —
- Current ratio
- —
- Quick ratio
- —
- Debt / equity
- —
- Interest cover
- —
Income statement
Balance sheet
Cash flow
Trend lines are fitted to past swing highs and lows and may not continue. Information only, not financial advice.