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PFLT – PennantPark Floating Rate Capital Ltd

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Not Compliant

—X—

Industry: Closed End Funds | NYSE

PennantPark Floating Rate Capital Ltd is not compliant with Shariah. The company is involved in Other Financial Vehicles and related activities.

Market cap: 504 MRev. Growth: 115.47%

AAOIFI ✗

Debt/MC129.38%
Non-Compliant Assets/MC%

S&P ✗

Debt/36 mo MC149.35%
Cash/36 mo MC11.4%
AR/36 mo MC%

DJIM ✗

Debt/24 mo MC147.09%
Cash/24 mo MC11.23%
AR/24 mo MC%

FTSE ✗

Debt/Assets55.74%
Cash/Assets4.26%
Cash&AR/Assets4.26%

MSCI ✗

Debt/Assets55.74%
Cash/Assets4.26%
Cash&AR/Assets4.26%

Recommendation Rating

2.67

1

2

3

4

5

1 = STRONG BUY | 2 = BUY | 3 = HOLD | 4 = UNDERPERFORM | 5 = SELL

Analysts’ Price Targets

Mean 13.4

Low: 13

High: 14

Total Analysts: 6


PennantPark Floating Rate Capital Ltd. is a closed-end, externally managed, non-diversified investment company. The Company’s investment objectives are to generate both current income and capital appreciation while seeking to preserve capital. The Company 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.

We do our best to screen stocks as accurately as possible. Please let us know in the comments if you spot an error or find something questionable. Jazaak Allahu khairan.

To understand how the screening is done, please read the Shariah Screening Methodology page.

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