In todays video we’re gonna take a look at PennantPark Floating Rate Capital, ticker symbol PFLT. This is the seventh video that’s apart of my portfolio series, where I’m doing an analysis of all 31 stocks currently in my own portfolio.

PennantPark is a business development company that seeks to make secondary direct, debt, equity, and loan investments. They only invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. PFLT primarily invests in the United States and to a limited extent non-U.S. companies and typically invests between $2 million and $20 million. PennantPark also invests in equity securities, including preferred stock, common stock, warrants or options received in connection with debt investments. According to their website it says they provide funding to companies with a proven management team, competitive market positions, strong cash flow, growth potential, and viable exit strategies.

Video on MAIN Street Capital:
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