# PennantPark Floating Rate Capital Ltd. (PFLT)

**Exchange:** NYSE  
**Sector:** Financial Services  
**Price:** $8.08 (+0.12%)

> PennantPark Floating Rate Capital Ltd. is a business development company focused on providing capital to small and mid-sized companies. Operating primarily in the United States, its primary function is to offer debt and capital solutions, typically engaging in senior secured loans with floating interest rates. This structure is particularly advantageous in a rising interest rate environment, as the floating rate loans help maintain yields for investors.

PFLT targets investments in sectors with strong growth potential or stable cash flow characteristics, including healthcare, technology, and energy services. By focusing on senior secured loans, PennantPark Floating Rate Capital Ltd. aims to prioritize the security and risk-adjusted returns for its investors, providing a stable income stream.

With a strategic focus on providing financial support to under-served small and mid-sized businesses, PFLT plays a vital role in helping these enterprises expand and thrive. The company's investment strategy helps bridge the funding gap often faced by smaller entities and contributes to strengthening the broader economic ecosystem. As such, it holds a significant position in supporting entrepreneurial growth and innovation across key sectors.

Financial data not yet available for this company.

Source: [CompaniesByCap](https://companiesbycap.com/company/PFLT)