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PFLT
vs
S&P 500
S&P 500
Over the past 12 months, PFLT has underperformed S&P 500, delivering a return of -16% compared to the S&P 500's +14% growth.
Stocks Performance
PFLT vs S&P 500
Performance Gap
PFLT vs S&P 500
Performance By Year
PFLT vs S&P 500
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
PennantPark Floating Rate Capital Ltd
Glance View
PennantPark Floating Rate Capital Ltd is a non-diversified closed-end management investment company invests in small market-cap and public middle market companies located in the U.S. and to a limited extent non-US companies. The company is headquartered in New York City, New York. The company went IPO on 2011-04-08. The Company’s investment objectives are to generate both current income and capital appreciation while seeking to preserve capital. The firm seeks to achieve its investment objectives by investing primarily in loans bearing variable rates of interest or floating rate loans and other investments made to United States middle-market private companies whose debt is rated below investment grade. Interest on floating rate loans is determined periodically, on the basis of a floating base lending rate, such as LIBOR, with or without a floor, plus a fixed spread. Under normal market conditions, the Company generally expect that at least 80% of the value of its net assets plus any borrowings for investment purposes or its Managed Assets, will be invested in floating rate loans and other investments bearing a variable rate of interest.
