PennantPark Floating Rate Capital Hits New 52-Week Low at $8.18

PennantPark Floating Rate Capital has reached a new 52-week low, trading at USD 8.18 as of February 23, 2026. This marks a significant decline for the small-cap company, which operates within the capital markets sector. Over the past year, the stock has experienced a performance drop of 28.18%, contrasting sharply with the S&P 500's gain of 12.95%. The company's financial metrics reveal a challenging landscape. With a market capitalization of USD 837 million, PennantPark has a price-to-earnings (P/E) ratio of 12.00 and a price-to-book ratio of 0.80. The dividend yield stands at an attractive 11.40%, although the return on equity is relatively low at 3.31%. Recent financial results indicate a decline in net profit, which fell by 57.27% to USD 20.52 million, while net sales decreased by 23.75% to USD 48.67 million. Additionally, the company has shown consistent underperformance against the S&P 500 over the past three years, raising concerns about its market position.