PennantPark Floating Rate Capital Ltd.
PNNT
Rank in Stocks
#10539
PennantPark Floating Rate Capital Ltd. functions as a business development... 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 investment amounts typically range from $2 million to $20 million. Beyond debt, the fund also obtains equity securities, such as preferred stock, common stock, warrants, or options. These are acquired either through direct purchases or as part of its debt financing arrangements. For investments specifically in senior secured loans and mezzanine debt, the fund usually commits between $10 million and $50 million. It preferentially targets companies that are not rated by national credit agencies, though if assessed, their creditworthiness would likely fall between BB and CCC according to the Standard & Poor's system. Up to 30% of the fund's capital may be deployed into non-qualifying assets. These encompass investments in public companies whose securities are not thinly traded or have a market capitalization exceeding $250 million, middle-market firms situated outside the United States, high-yield bonds, distressed debt, private equity stakes, and investment companies as defined under the 1940 Act. Under normal operating conditions, the fund anticipates that at least 80% of its net assets, inclusive of any borrowings for investment, will be dedicated to floating rate loans and other financially similar investments, such as cash equivalents held in money market funds. A substantial 65% of its overall portfolio is projected to consist of senior secured loans. The typical duration for holding its floating rate loan investments is between three and ten years.
Share Price
$3.35
Last synced: 2026-11-09
Market Cap
$680.63M
Change (1 day)
0.30%
Change (1 year)
-48.22%
Country
Stock data: Financial Modeling PrepΒ·Updated Β·Not investment adviceΒ·How we calculate this
Trade PennantPark Floating Rate Capital Ltd. (PNNT)
Category
Financial Services
Operating Margin for PennantPark Floating Rate Capital Ltd. (PNNT)
Operating Margin as of November 2026 TTM: 27.11%
According to PennantPark Floating Rate Capital Ltd.'s latest financial reports, its current operating margin (TTM) is 27.11%. At the end of 2025 the company had an operating margin of 42.48%.
Operating Margin history for PennantPark Floating Rate Capital Ltd. from 2007 to 2026
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2026 (TTM) | 27.11% | -36.18% |
| 2025 | 42.48% | -15.19% |
| 2024 | 50.09% | -136.88% |
| 2023 | -135.83% | 91.74% |
| 2022 | -70.84% | -182.11% |
| 2021 | 86.27% | -230.30% |
| 2020 | -66.21% | -332.23% |
| 2019 | 28.51% | -55.96% |
| 2018 | 64.74% | -3.50% |
| 2017 | 67.09% | 56.94% |
| 2016 | 42.75% | -191.23% |
| 2015 | -46.86% | -161.38% |
| 2014 | 76.34% | -3.55% |
| 2013 | 79.15% | 5.21% |
| 2012 | 75.23% | -77.17% |
| 2011 | 329.59% | 118.78% |
| 2010 | 150.65% | 166.40% |
| 2009 | 56.55% | -211.80% |
| 2008 | -50.58% | -141.03% |
| 2007 | 123.27% | 0.00% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin Difference | Country |
|---|---|---|---|
| 30.75% | -98.87% |
US
|
|
| 52.04% | -98.08% |
US
|
|
| 86.97% | -96.79% |
SE
|
|
| 7.84% | -99.71% |
US
|
|
| 66.24% | -97.56% |
US
|
What is a company's Operating Margin?
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.
Questions about PennantPark Floating Rate Capital Ltd.'s operating margin
What is PennantPark Floating Rate Capital Ltd.'s operating margin?
PennantPark Floating Rate Capital Ltd.'s operating margin is 27.11%, as of Nov 2026.
What was PennantPark Floating Rate Capital Ltd.'s operating margin in 2025?
In 2025, PennantPark Floating Rate Capital Ltd.'s operating margin was 42.48%, compared with 50.09% in 2024.
How has PennantPark Floating Rate Capital Ltd.'s operating margin changed since 2020?
From 2020 to 2025, PennantPark Floating Rate Capital Ltd.'s operating margin was highest in 2021 (86.27%) and lowest in 2023 (-135.83%).
How does PennantPark Floating Rate Capital Ltd.'s operating margin compare with similar companies?
PennantPark Floating Rate Capital Ltd.'s operating margin (27.11%) is higher than that of 1 of the 5 similar companies listed above. The highest among them is Investor AB (publ), with 86.97%.