PennantPark Floating Rate Capital Ltd. (NYSE:PFLT – Get Free Report) declared a monthly dividend on Tuesday, November 3rd. Stockholders of record on Friday, November 13th will be paid a dividend of $0.08 per share on Tuesday, December 1st. This represents a $0.96 annualized dividend and a dividend yield of 14.1%. The ex-dividend date of this dividend is Friday, November 13th.
PennantPark Floating Rate Capital Stock Down 1.8%
NYSE PFLT opened at $6.80 on Wednesday. The stock’s 50 day moving average is $6.92 and its 200 day moving average is $7.84. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.94. PennantPark Floating Rate Capital has a 12 month low of $6.15 and a 12 month high of $9.75. The stock has a market cap of $675.19 million, a PE ratio of 13.34 and a beta of 0.79.
PennantPark Floating Rate Capital (NYSE:PFLT – Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The company had revenue of $66.09 million for the quarter. PennantPark Floating Rate Capital had a net margin of 18.53% and a return on equity of 10.24%. Research analysts predict that PennantPark Floating Rate Capital will post 1.05 EPS for the current fiscal year.
Hedge Funds Weigh In On PennantPark Floating Rate Capital
A number of institutional investors have recently modified their holdings of PFLT. Sovran Advisors LLC increased its stake in shares of PennantPark Floating Rate Capital by 3.7% in the 1st quarter. Sovran Advisors LLC now owns 37,801 shares of the company’s stock valued at $304,000 after purchasing an additional 1,337 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of PennantPark Floating Rate Capital by 4.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 41,802 shares of the company’s stock valued at $336,000 after acquiring an additional 1,661 shares during the last quarter. Cetera Investment Advisers lifted its holdings in PennantPark Floating Rate Capital by 2.4% in the first quarter. Cetera Investment Advisers now owns 69,941 shares of the company’s stock valued at $562,000 after acquiring an additional 1,663 shares during the last quarter. McIlrath & Eck LLC boosted its stake in PennantPark Floating Rate Capital by 177.9% during the first quarter. McIlrath & Eck LLC now owns 4,689 shares of the company’s stock worth $38,000 after buying an additional 3,002 shares during the period. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of PennantPark Floating Rate Capital during the second quarter worth $30,000. Hedge funds and other institutional investors own 19.77% of the company’s stock.
PennantPark Floating Rate Capital Company Profile
PennantPark Floating Rate Capital Ltd. (NYSE: PFLT) is a business development company that invests in privately owned, middle-market companies. Its investment portfolio is focused primarily on floating-rate, senior secured loans, particularly first-lien and unitranche debt, although it may also make select junior debt and equity investments.
The company seeks to provide financing to businesses across a range of industries, generally working with companies that may have limited access to traditional bank lending.
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