PFLT PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. (PFLT) trend channel, buy level and 3-month target on Trade The Path. Sector: Financial Services. Listed on NYSE. Levels below are fitted to this ticker's own swing highs and lows (Theil–Sen, log-price), then projected 3 months. On this symbol, 6 comparable calls have settled; 50% reached the published sell target. Information only, not financial advice.
Mid-channel, falling on both timeframes
Price is between the two trend lines. Nothing to act on yet.
Read from the last 12 months of history we hold: falling, drifting −15% a year. The nearest ceiling overhead is US$7.10. What would overturn this: a close below US$6.60 — the floor of the channel being read — after which the trend, not the entry, is what was wrong.
- 12 months read from
- US$6.60 – US$7.10 Falling channel, −15% a year
- Position in that channel
- 82% 0% at the floor, 100% at the ceiling
What broke this trend
- The fall
- -28% from US$9.5827 Mar 2025 → 24 July 2026
- Whose problem it was
- This company15 of 32 Asset Management peers fell with it
- Does it resolve?
- Temporary falls like it have resolved on the record
- Regained so far
- 13%of what it lost
- What the record says
- 66% of 62 comparable falls came back, typically in 61 days measured on its own peer group
The trend broke in March 2025: price fell 28% from 9.57 to 6.87 by July 2026, and has regained 13% of that fall since. Its peers did not fall with it, so this was about the company rather than its sector. Falls like it have resolved: falls of about 28% here have come back to the old high 66% of the time (62 comparable falls), typically in 61 days. On that record the fall is treated as temporary, and the trend lines are fitted to the regime it created rather than through it. Priced from that: 9.63 within 401 days, reached 66% of the time in 62 comparable falls — about 0.08% a day held.
Price history, with the path projected 3 months forward
- Daily close
- Upper trend line (12 months)
- Lower trend line (12 months)
- Dashed after today: projected 3 months
- Our buy
- Our target
Our target
No published call today because its projected path only reaches 0.0% above the entry within 90 days, under the 6.0% floor a call has to clear to be worth making. No alerts are sent. The buy and target below are still this site's read of the fitted channel.
Buy at or below
US$6.10
level as at 19 Sept 2026
Our target
US$6.59
by 18 Dec 2026
Projected move
8.1%
gross, before costs
Price is at or through our target.
On this stock's own history these rules produced 6 settled calls, of which 3 reached target (50%), with an average best move of 5.5%. See the full record.
- Upper line touches
- 2
- Lower line touches
- 4
- Fit confidence
- 65%
- Fitted
- 18 Sept 2026
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 pillar scores, computed from the fundamentals below. They are not Morningstar ratings — that data is licensed and we do not redistribute it.
- Valuation
- —
- Profitability
- —
- Financial health
- —
- Cash generation
- —
Key statistics
- Market cap
- US$696.51M
- Enterprise value
- —
- Beta
- 0.77
- Avg volume
- 1.10M
- Revenue per share
- —
- Dividend yield
- —
- 52-week range
- 6.83-9.89
- 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 statistically to past swing highs and lows and projected forward on the assumption the same rhythm continues. It often does not. This is information, not advice.