Company Data
PennantPark Floating Rate Capital Ltd.
Ticker
PFLT
Current Price
$9.5 0.96%
Market Cap
$942.6M
Price Target
Refer to Report
Volume
924.4K
52wk Range
$8.395 - $11.5
Overview
PennantPark Floating Rate Capital Ltd is a closed-end, externally managed, non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing in Floating Rate Loans and other investments made to U.S. middle-market companies. The company believes that Floating Rate Loans to U.S. middle-market companies offer attractive risk-reward to investors due to a limited amount of capital available for such companies and the potential for rising interest rates.