PennantPark Floating Rate Capital Ltd. Share Price Today: Live Updates & Key Insights
PennantPark Floating Rate Capital Ltd. share price today is $8.07, up -2.54%. The stock opened at $8.24 against the previous close of $8.28, with an intraday high of $8.3 and low of $8.07.
PennantPark Floating Rate Capital Ltd. Share Price Chart
PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd. Share Price Performance
PennantPark Floating Rate Capital Ltd. Institutional Holdings
PennantPark Floating Rate Capital Ltd. Market Status
PennantPark Floating Rate Capital Ltd. Fundamentals
Market Cap 800.69 M
PB Ratio 0.7696
PE Ratio 24.4545
Enterprise Value 971.40 M
Total Assets 2913.68 M
Volume 1588869
PennantPark Floating Rate Capital Ltd. Company Financials
About PennantPark Floating Rate Capital Ltd. & investment objective
Company Information PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.
Organisation Asset Management
Employees 0
Industry Asset Management
CEO Mr. Arthur Howard Penn
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PennantPark Floating Rate Capital Ltd. FAQs
What is the share price of PennantPark Floating Rate Capital Ltd. today?
The current share price of PennantPark Floating Rate Capital Ltd. is $8.07.
Can I buy PennantPark Floating Rate Capital Ltd. shares in India?
Yes, Indian investors can buy PennantPark Floating Rate Capital Ltd. shares by opening an international trading and demat account with Motilal Oswal.
How to buy PennantPark Floating Rate Capital Ltd. shares in India?
You can easily invest in PennantPark Floating Rate Capital Ltd. shares from India by:
- Direct Investment:
Opening an international trading account with Motilal Oswal which includes KYC verification in the US. Your account gets activated in a few minutes to a few hours, after which you can start adding funds in USD balance to buy PennantPark Floating Rate Capital Ltd. shares. - Indirect Investment:
Under this form of investment, you can choose either a Mutual Fund (MF) or an Exchange-Traded Fund (ETF) that invests in global shares and start investing in shares of PennantPark Floating Rate Capital Ltd..
Can I buy fractional shares of PennantPark Floating Rate Capital Ltd.?
Yes, many platforms allow you to buy fractional shares starting from as low as $1.
What is the market capitalization value of PennantPark Floating Rate Capital Ltd.?
PennantPark Floating Rate Capital Ltd. has a market cap of $800.69 M.
In which sector does PennantPark Floating Rate Capital Ltd. belong?
PennantPark Floating Rate Capital Ltd. operates in the Asset Management sector.
What documents are required to invest in PennantPark Floating Rate Capital Ltd. stocks?
To invest, you typically need:
What is the PE and PB ratio of PennantPark Floating Rate Capital Ltd.?
The PE ratio of PennantPark Floating Rate Capital Ltd. is 24.45 and the PB ratio is 0.77.