2,291,663 PennantPark Floating Rate Capital Ltd. $PFLT Shares Sold by Sound Income Strategies LLC

Posted by Geri Gentry on Oct 9th, 2026

Sound Income Strategies LLC lessened its holdings in shares of PennantPark Floating Rate Capital Ltd. (NYSE:PFLT – Free Report) by 43.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,930,953 shares of the company’s stock after selling 2,291,663 shares during the quarter. Sound Income Strategies LLC’s holdings in PennantPark Floating Rate Capital were worth $19,579,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. bought a new position in shares of PennantPark Floating Rate Capital during the 2nd quarter valued at $30,000. McIlrath & Eck LLC increased its position 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 last quarter. Integrated Wealth Concepts LLC acquired a new position in PennantPark Floating Rate Capital during the second quarter worth $40,000. Allied Private Wealth LLC bought a new position in PennantPark Floating Rate Capital during the second quarter valued at about $51,000. Finally, Glenview Trust Co acquired a new stake in shares of PennantPark Floating Rate Capital in the second quarter worth about $80,000. 19.77% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Weiss Ratings downgraded PennantPark Floating Rate Capital from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday. UBS Group reiterated a “buy” rating and issued a $8.50 target price (down from $9.50) on shares of PennantPark Floating Rate Capital in a report on Friday. Finally, Zacks Research upgraded shares of PennantPark Floating Rate Capital from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Four equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $9.60.

View Our Latest Stock Report on PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Stock Performance

PFLT traded up $0.01 during trading on Friday, reaching $6.68. 1,083,574 shares of the company’s stock were exchanged, compared to its average volume of 1,078,621. The company has a market capitalization of $663.27 million, a P/E ratio of 13.11 and a beta of 0.80. The company has a quick ratio of 0.19, a current ratio of 0.19 and a debt-to-equity ratio of 0.94. The business has a 50 day moving average price of $7.19 and a 200 day moving average price of $7.70. PennantPark Floating Rate Capital Ltd. has a fifty-two week low of $6.58 and a fifty-two week high of $9.75.

PennantPark Floating Rate Capital (NYSE:PFLT – Get Free Report) last issued its earnings results on Monday, August 10th. The company reported $0.26 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.01). The business 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%. As a group, analysts predict that PennantPark Floating Rate Capital Ltd. will post 1.06 earnings per share for the current fiscal year.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, November 2nd. Stockholders of record on Thursday, October 15th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Thursday, October 15th. This represents a $0.96 annualized dividend and a dividend yield of 14.4%. PennantPark Floating Rate Capital’s dividend payout ratio is presently 188.24%.

About PennantPark Floating Rate Capital

(Free Report)

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) is a business development company that invests in privately held, middle-market businesses. The company seeks to generate current income and preserve capital primarily through investments in floating-rate, senior secured loans.

PennantPark Floating Rate Capital’s portfolio may also include second-lien loans, subordinated debt and equity-related investments. Its investments are generally made in companies across a range of industries, with an emphasis on providing financing to businesses that may not have access to traditional public debt markets.

The company was established in 2011 and is externally managed by PennantPark Investment Advisers, LLC, an affiliate of PennantPark Investment Corporation.