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.
Over the last 12 months, insiders at PennantPark Floating Rate Capital Ltd. have bought $162,891 and sold $0 worth of PennantPark Floating Rate Capital Ltd. stock.
On average, over the past 5 years, insiders at PennantPark Floating Rate Capital Ltd. have bought $1.01M and sold $643,199 worth of stock each year.
Highest buying activity among insiders over the last 12 months: Allorto Richard T JR (CFO and Treasurer) — $339,000. Briones Jose A (director) — $99,781.
The last purchase of 1,745 shares for transaction amount of $19,892 was made by Briones Jose A (director) on 2024‑06‑05.
2024-06-05 | Briones Jose A | director | 1,745 0.0026% | $11.40 | $19,892 | -0.09% | ||
2024-05-30 | Allorto Richard T JR | CFO and Treasurer | 10,000 0.015% | $11.30 | $113,000 | +0.80% | ||
2024-05-28 | Briones Jose A | director | 885 0.0014% | $11.33 | $10,027 | +1.25% | ||
2024-05-13 | Briones Jose A | director | 1,740 0.0026% | $11.48 | $19,972 | -0.87% | ||
2020-12-18 | Sale | KATZ SAMUEL L | director | 8,618 0.0223% | $10.41 | $89,747 | +30.37% | |
2020-12-17 | Sale | KATZ SAMUEL L | director | 8,929 0.023% | $10.54 | $94,077 | +28.30% | |
2020-12-16 | Sale | KATZ SAMUEL L | director | 7,453 0.0192% | $10.65 | $79,399 | +26.39% | |
2020-12-15 | Sale | KATZ SAMUEL L | director | 17,700 0.0455% | $10.87 | $192,321 | +24.94% | |
2020-12-14 | Sale | KATZ SAMUEL L | director | 10,737 0.0277% | $10.85 | $116,513 | +25.39% | |
2020-12-11 | Sale | KATZ SAMUEL L | director | 6,563 0.0168% | $10.84 | $71,143 | +24.69% | |
2020-06-10 | KATZ SAMUEL L | director | 15,000 0.0387% | $8.83 | $132,450 | +27.46% | ||
2020-03-31 | Bernstein Adam K | director | 4,000 0.0105% | $4.94 | $19,760 | +88.33% | ||
2020-03-23 | Efrat Aviv | Chief Financial Officer | 18,050 0.0466% | $3.90 | $70,406 | +134.23% | ||
2020-03-20 | PENN ARTHUR H | Chairman and CEO | 22,000 0.0556% | $4.32 | $95,082 | +107.05% | ||
2020-03-20 | Efrat Aviv | Chief Financial Officer | 28,800 0.0735% | $4.36 | $125,617 | +107.05% | ||
2020-03-19 | PENN ARTHUR H | Chairman and CEO | 16,300 0.0375% | $4.17 | $68,023 | +94.88% | ||
2020-03-19 | Flug Jeffrey | director | 400 0.0008% | $3.56 | $1,423 | +94.88% | ||
2020-03-18 | PENN ARTHUR H | Chairman and CEO | 20,000 0.0586% | $4.26 | $85,250 | +142.69% | ||
2020-02-28 | Efrat Aviv | Chief Financial Officer | 17,000 0.0441% | $10.81 | $183,811 | -14.33% | ||
2020-02-26 | PENN ARTHUR H | Chairman and CEO | 7,000 0.0182% | $11.80 | $82,596 | -21.31% |
Briones Jose A | director | 319598 0.4748% | $11.40 | 3 | 0 | |
Allorto Richard T JR | CFO and Treasurer | 10000 0.015% | $11.40 | 1 | 0 | |
PENN ARTHUR H | Chairman and CEO | 344009 0.5582% | $11.40 | 43 | 0 | +9.98% |
Efrat Aviv | Chief Financial Officer | 109000 0.1769% | $11.40 | 9 | 0 | +27.79% |
KATZ SAMUEL L | director | 26500 0.043% | $11.40 | 20 | 6 | +8.21% |
Flug Jeffrey | director | 12400 0.0201% | $11.40 | 5 | 0 | +22.02% |
Bernstein Adam K | director | 9000 0.0146% | $11.40 | 3 | 0 | +34.46% |
Sound Income Strategies | $39.22M | 5.17 | 3.45M | +6.17% | +$2.28M | 3.2 | |
Altshuler Shaham Ltd | $19.19M | 2.59 | 1.73M | 0% | +$0 | 0.76 | |
VanEck | $13.14M | 1.73 | 1.16M | +13.08% | +$1.52M | 0.02 | |
Citadel Advisors LLC | $7.39M | 0.97 | 649,255 | +247.62% | +$5.26M | 0.01 | |
Two Sigma | $6.97M | 0.92 | 612,258 | -25.61% | -$2.4M | 0.01 | |
Two Sigma Advisers LP | $6.74M | 0.89 | 591,875 | -20.66% | -$1.75M | 0.01 | |
Hudson Bay Capital Management LP | $5.69M | 0.75 | 500,000 | New | +$5.69M | 0.06 | |
Legal & General | $5.18M | 0.68 | 455,786 | 0% | +$0 | <0.01 | |
Scoggin Management Lp | $4.66M | 0.61 | 409,499 | New | +$4.66M | 3.48 | |
Newedge Wealth Llc | $3.6M | 0.48 | 318,595 | +3.04% | +$106,129.62 | 0.08 | |
Morgan Stanley | $3.38M | 0.45 | 297,361 | +14.26% | +$422,278.39 | <0.0001 | |
Advisors Asset Management Inc | $3.22M | 0.42 | 282,549 | +4.2% | +$129,584.07 | 0.06 | |
LINSCO PRIVATE LEDGER CORP | $2.53M | 0.33 | 222,523 | +85.35% | +$1.17M | <0.01 | |
Qube Research & Technologies | $2.52M | 0.33 | 221,831 | +535.09% | +$2.13M | <0.01 | |
BlackRock | $2.35M | 0.31 | 206,216 | -3.01% | -$72,752.34 | <0.0001 | |
Millennium Management LLC | $1.82M | 0.24 | 159,570 | -51.37% | -$1.92M | <0.01 | |
PNC Financial Services | $1.4M | 0.18 | 122,712 | +0.33% | +$4,552.00 | <0.01 | |
UBS | $1.38M | 0.18 | 121,618 | -19.07% | -$326,230.50 | <0.0001 | |
Hightower Advisors | $1.35M | 0.18 | 118,731 | -5.62% | -$80,469.90 | <0.01 | |
Trexquant Investment LP | $1.34M | 0.18 | 117,627 | +14.94% | +$173,943.27 | 0.02 | |
Pfg Advisors | $1.23M | 0.16 | 108,053 | -2.22% | -$27,881.00 | 0.1 | |
Toroso Investments Llc | $976,643.00 | 0.13 | 85,821 | +5.79% | +$53,486.00 | <0.01 | |
Advisor Group Holdings Inc | $923,272.00 | 0.12 | 81,131 | +11.35% | +$94,089.96 | <0.01 | |
Mckinley Capital Management Llc Delaware | $910,229.00 | 0.12 | 79,985 | -3.54% | -$33,423.05 | 0.11 | |
Stifel | $859,255.00 | 0.11 | 75,505 | -1.27% | -$11,084.22 | <0.01 | |
Jump Financial Llc | $760,104.00 | 0.1 | 66,793 | New | +$760,104.00 | 0.01 | |
Sl Advisors Llc | $746,872.00 | 0.1 | 65,630 | +2.65% | +$19,255.03 | 0.06 | |
Virtus ETF Advisers LLC | $704,968.00 | 0.09 | 61,948 | +32.67% | +$173,590.46 | 0.2 | |
Janney Montgomery Scott LLC | $665,000.00 | 0.09 | 58,395 | +50.85% | +$224,172.02 | <0.01 | |
Muzinich & Co | $676,100.00 | 0.08 | 55,876 | 0% | +$0 | 0.59 | |
Sumitomo Mitsui Trust Holdings | $635,869.00 | 0.08 | 55,876 | 0% | +$0 | <0.0001 | |
Royal Bank of Canada | $598,000.00 | 0.08 | 52,511 | +62.04% | +$228,946.16 | <0.0001 | |
Wedbush Securities Inc | $598,000.00 | 0.08 | 52,508 | -0.22% | -$1,332.48 | 0.02 | |
Quadrature Capital Ltd | $498,444.00 | 0.07 | 43,800 | New | +$498,444.00 | 0.01 | |
Guggenheim Capital | $460,867.00 | 0.06 | 40,498 | +28.79% | +$103,011.71 | <0.01 | |
Marshall Wace | $456,941.00 | 0.06 | 40,153 | New | +$456,941.00 | <0.01 | |
Cambridge Investment Research Advisors Inc | $455,000.00 | 0.06 | 39,956 | +5.23% | +$22,627.01 | <0.01 | |
Campbell Co Investment Adviser Llc | $433,089.00 | 0.06 | 38,057 | New | +$433,089.00 | 0.04 | |
Jane Street Capital | $398,311.00 | 0.05 | 35,001 | New | +$398,311.00 | <0.0001 | |
Hrt Financial Llc | $396,000.00 | 0.05 | 34,827 | New | +$396,000.00 | <0.01 | |
Optimum Investment Advisors | $327,755.00 | 0.04 | 28,801 | 0% | +$0 | 0.15 | |
Squarepoint Ops LLC | $320,222.00 | 0.04 | 28,139 | New | +$320,222.00 | <0.01 | |
Cetera Advisor Networks LLC | $315,582.00 | 0.04 | 27,731 | +12.37% | +$34,732.11 | <0.01 | |
Camden Capital, LLC | $303,368.00 | 0.04 | 26,658 | 0% | +$0 | 0.03 | |
Connor Clark & Lunn Investment Management Ltd | $292,022.00 | 0.04 | 25,661 | New | +$292,022.00 | <0.01 | |
MQS Management | $289,245.00 | 0.04 | 25,417 | New | +$289,245.00 | 0.17 | |
Ci Private Wealth Llc | $277,281.00 | 0.04 | 24,366 | -24.22% | -$88,614.76 | <0.0001 | |
Xtx Topco Ltd | $281,302.00 | 0.04 | 24,719 | +130.52% | +$159,274.36 | 0.02 | |
AE Wealth Management LLC | $275,280.00 | 0.04 | 24,190 | -52.22% | -$300,884.79 | <0.01 | |
Y Intercept Hong Kong Ltd | $257,165.00 | 0.03 | 22,598 | New | +$257,165.00 | 0.02 |