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…
| Price | $7.05 |
|---|---|
| Market cap | $698.99M |
| Sector | Financial Services |
| Industry | Asset Management |
| Exchange | NYSE |
| 52-week range | 6.83-9.84 |
| Dividend (TTM) | $1.15 per share |
| Beta | 0.77 |
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