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PennantPark Floating Rate Capital logo

PennantPark Floating Rate Capital

PFLT

PennantPark Floating Rate Capital Ltd. is a business development company that specializes in providing financing solutions to U.S. middle-market companies.

Market cap
$691.55M-33.6%

Table of contents

Earnings

Q1 2026 report

May 7, 2026
Revenue$66.0MMiss by $2.8MEPS$0.27Miss by $0.01

Next report

Aug 10, 2026 (In 1 week)
Revenue estimate$67.0M
EPS estimate$0.27

Competitors

By market cap

Ares Capital logo
Ares Capital$13.6B-13.9%
Blue Owl Capital logo
Blue Owl Capital$5.4B-27.4%
Sixth Street Specialty Lending logo
Sixth Street Specialty Lending$1.6B-27.8%
PennantPark Floating Rate Capital logo
PennantPark Floating Rate Capital$691.5M-33.9%
Gladstone Investment Corporation logo
Gladstone Investment Corporation$648.3M+26.3%
Gladstone Capital Corporation logo
Gladstone Capital Corporation$429.9M—
Pennant Investment logo
Pennant Investment$219.4M-54.0%
PFX
PhenixFIN Corporation$84.1M-16.2%

Profile

PennantPark Floating Rate Capital Ltd. is a business development company that specializes in providing financing solutions to U.S. middle-market companies. The company primarily invests in floating rate loans, focusing on first lien secured debt to generate current income and capital appreciation while prioritizing capital preservation. Its portfolio targets companies with annual revenues between $50 million and $1 billion, typically involving leveraged loans and high-yield securities.

Competitive position

A specialized lender leveraging a long-standing reputation with financial sponsors and a disciplined, value-oriented investment approach focused on floating rate senior secured debt.

GeographiesUnited States
Customer segmentsMiddle-market companies, Financial sponsors, Leveraged borrowers
Business modelDirect Lending, Investment Management, Business Development Company (BDC)
SuppliersInstitutional and retail investors, Commercial banks (credit facilities), Debt capital markets (securitizations), Investment advisers
CustomersMiddle-market corporate borrowers, Private equity firms, Management teams
CountryUnited States of America
Listed2011
CEOArthur Howard Penn
SectorFinancial Services
IndustryAsset Management
Websitepennantpark.com
FilingsSEC EDGAR

Questions, answered.

What is PennantPark Floating Rate Capital's market cap?
PennantPark Floating Rate Capital (PFLT) has a market capitalization of $691.5M and trades on NYSE.
Who are PennantPark Floating Rate Capital's competitors?
PennantPark Floating Rate Capital's key competitors include PennantPark Investment Corporation, Ares Capital Corporation, Blue Owl Capital, and others. These companies compete in similar markets and product categories.
Who does PennantPark Floating Rate Capital partner with?
PennantPark Floating Rate Capital's notable partners include PennantPark Investment Advisers, Kemper Corporation, Hamilton Lane, and others.
What subsidiaries does PennantPark Floating Rate Capital have?
PennantPark Floating Rate Capital's subsidiaries include PennantPark Floating Rate Funding I, LLC, PennantPark Senior Secured Loan Fund I LLC, PennantPark Senior Secured Loan Fund II LLC.
Where is PennantPark Floating Rate Capital headquartered?
PennantPark Floating Rate Capital is headquartered in United States of America. It has been publicly traded since 2011.