ORCC - Heavily-Discounted Monthly Dividend Payer: PennantPark Floating Rate Capital

Article Follow-Up

As mentioned last month in "Picking Winners And Losers In The 18% Yielding BDC Sector," Business Development Companies continue to trade at depressed values for many reasons including being considered small-cap, financial sector, and high yield, all of which have been subject to indiscriminate selling.

This article discusses PennantPark Floating Rate Capital (PFLT) which is one of the 14 BDCs that I was actively purchasing in March 2020.

Insiders also were making large purchases around the same time:

As previously disclosed, directors officers and employees of PennantPark investment