NASDAQ:PFLT PennantPark Floating Rate Capital (PFLT) Stock Price, News & Analysis → The Gold Grab of the Century (From Colonial Metals) (Ad) Free PFLT Stock Alerts $11.59 +0.09 (+0.78%) (As of 05/7/2024 ET) Add Compare Share Share Today's Range$11.46▼$11.6250-Day Range$11.07▼$11.5952-Week Range$9.69▼$12.63Volume644,419 shsAverage Volume687,422 shsMarket Capitalization$714.27 millionP/E Ratio10.35Dividend Yield10.61%Price Target$11.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsSocial Media Get PennantPark Floating Rate Capital alerts: Email Address PennantPark Floating Rate Capital MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside1.4% Upside$11.75 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.82Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.55%From $1.29 to $1.27 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.66 out of 5 starsFinance Sector832nd out of 874 stocksInvestors, Not Elsewhere Classified Industry13th out of 15 stocks 1.3 Analyst's Opinion Consensus RatingPennantPark Floating Rate Capital has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoveragePennantPark Floating Rate Capital has only been the subject of 1 research reports in the past 90 days.Read more about PennantPark Floating Rate Capital's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PFLT. Previous Next 1.7 Dividend Strength Dividend LeadershipPennantPark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 10.89%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantPark Floating Rate Capital has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of PennantPark Floating Rate Capital is 109.82%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 96.85% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend.Read more about PennantPark Floating Rate Capital's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFLT. Previous Next 3.8 News and Social Media Coverage News SentimentPennantPark Floating Rate Capital has a news sentiment score of 0.82. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for PennantPark Floating Rate Capital this week, compared to 1 article on an average week.Search Interest31 people have searched for PFLT on MarketBeat in the last 30 days. This is an increase of 55% compared to the previous 30 days.MarketBeat Follows25 people have added PennantPark Floating Rate Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 733% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennantPark Floating Rate Capital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of PennantPark Floating Rate Capital is held by insiders.Percentage Held by InstitutionsOnly 19.77% of the stock of PennantPark Floating Rate Capital is held by institutions.Read more about PennantPark Floating Rate Capital's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for PennantPark Floating Rate Capital are expected to decrease by -1.55% in the coming year, from $1.29 to $1.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennantPark Floating Rate Capital is 10.35, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 143.43.Price to Earnings Ratio vs. SectorThe P/E ratio of PennantPark Floating Rate Capital is 10.35, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 57.03.Price to Book Value per Share RatioPennantPark Floating Rate Capital has a P/B Ratio of 1.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about PennantPark Floating Rate Capital's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Manward PressShocking: One AI startup's revenue could surge 4,735%Shocking: One AI Startup's Revenue Could Surge 4,735% While Nvidia gets all the attention, one small AI startup is quietly positioning itself to be the biggest winner.Click here to discover the AI chip company About PennantPark Floating Rate Capital Stock (NASDAQ:PFLT)PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.Read More PFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFLT Stock News HeadlinesMay 2, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareMay 2, 2024 | fool.comTime to Pounce: 2 Ultra-High-Yield Monthly Dividend Stocks Begging to Be Bought in MayMay 8, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.May 1, 2024 | americanbankingnews.comPennantPark Floating Rate Capital (PFLT) Set to Announce Earnings on WednesdayApril 29, 2024 | seekingalpha.comPennantPark Floating Rate Capital: A More Reliable Alternative To PNNTApril 23, 2024 | 247wallst.comWant $750 Per Month In Passive Income? Invest In These StocksApril 19, 2024 | markets.businessinsider.comKBW Keeps Their Hold Rating on Pennantpark $ (PFLT)April 9, 2024 | seekingalpha.comBetter Stock Than Its Sister: PennantPark Floating Rate CapitalMay 8, 2024 | Crypto 101 Media (Ad)Elon Musk Secret Crypto Plot ExposedReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.April 3, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 ResultsApril 2, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareApril 1, 2024 | msn.comSPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1535March 21, 2024 | finance.yahoo.comPFLT Nov 2024 12.500 callMarch 7, 2024 | finance.yahoo.comPFLT Apr 2024 12.500 putMarch 4, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareFebruary 26, 2024 | seekingalpha.comPennantPark Floating Rate Capital: Generating High Monthly IncomeFebruary 22, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Completes CLO, Marking Continued Growth in PennantPark's CLO PlatformFebruary 22, 2024 | fool.comWant $500 in Super Safe Annual Dividend Income? Invest $5,350 Into the Following 3 Ultra-Cheap, Ultra-High-Yield Stocks.February 22, 2024 | seekingalpha.comPennantPark Floating Rate Capital: When Being Conservative Pays OffFebruary 16, 2024 | finance.yahoo.comPFLT Mar 2024 10.000 callFebruary 15, 2024 | finance.yahoo.comDown -5.42% in 4 Weeks, Here's Why You Should You Buy the Dip in PennantPark (PFLT)February 9, 2024 | benzinga.comTuesday Is Your Last Chance To Buy PennantPark Floating Rate Before The Dividend PayoutFebruary 9, 2024 | msn.comPennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q1 2024 Earnings Call TranscriptFebruary 9, 2024 | finance.yahoo.comPennantPark (PFLT) Upgraded to Buy: Here's What You Should KnowFebruary 8, 2024 | uk.finance.yahoo.comQ1 2024 PennantPark Floating Rate Capital Ltd Earnings CallFebruary 7, 2024 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Reports Incremental NAV and Income Growth in Q1February 7, 2024 | msn.comPennantPark Floating Rate, PennantPark Investment Q1 NII each top consensusSee More Headlines Receive PFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennantPark Floating Rate Capital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/09/2023Ex-Dividend for 5/1 Dividend4/12/2024Dividend Payable5/01/2024Today5/08/2024Next Earnings (Confirmed)5/08/2024Ex-Dividend for 6/3 Dividend5/14/2024Dividend Payable6/03/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Investors, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:PFLT CUSIPN/A CIK1504619 Webwww.pennantpark.com Phone(212) 905-1000Fax212-905-1075EmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Target$11.75 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside+1.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.12 Trailing P/E Ratio10.35 Forward P/E Ratio8.98 P/E GrowthN/ANet Income$39.26 million Net Margins43.40% Pretax Margin43.40% Return on Equity11.83% Return on Assets5.92% Debt Debt-to-Equity Ratio0.34 Current Ratio0.19 Quick Ratio0.19 Sales & Book Value Annual Sales$65.90 million Price / Sales10.84 Cash Flow$1.36 per share Price / Cash Flow8.51 Book Value$11.13 per share Price / Book1.04Miscellaneous Outstanding Shares61,628,000Free Float61,012,000Market Cap$714.27 million OptionableOptionable Beta1.66 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Arthur Howard Penn (Age 61)Founder, Chairman & CEO Mr. Richard Thomas Allorto Jr. (Age 52)CPA, CFO & Treasurer Mr. Jose A. Briones Jr. (Age 53)Partner & Director Mr. Matthew VisgilioManager of OperationsMr. Frank Galea C.F.A. (Age 56)Chief Compliance Officer Ms. Sarah de la VillaDirector of Human ResourcesMr. P. Whitridge Williams Jr.J.D., PartnerMr. Brian KendallSenior Vice PresidentMr. Boaz Magid (Age 46)MD, Head of Europe & CEO of PennantPark Europe, B.V. Mr. Scott C. McCabeMD & Head of Private Wealth Distribution at MiamiMore ExecutivesKey CompetitorsGladstone InvestmentNASDAQ:GAINPennantPark InvestmentNASDAQ:PNNTTriplePoint Venture Growth BDCNYSE:TPVGStellus Capital InvestmentNYSE:SCMCapital SouthwestNASDAQ:CSWCView All CompetitorsInstitutional OwnershipPFG AdvisorsSold 2,450 shares on 5/7/2024Ownership: 0.175%Mckinley Capital Management LLCSold 2,937 shares on 5/2/2024Ownership: 0.130%Graypoint LLCBought 1,692 shares on 5/2/2024Ownership: 0.106%Capstone Investment Advisors LLCBought 1,800 shares on 5/1/2024Ownership: 0.035%Wambolt & Associates LLCSold 6,214 shares on 5/1/2024Ownership: 0.019%View All Institutional Transactions PFLT Stock Analysis - Frequently Asked Questions Should I buy or sell PennantPark Floating Rate Capital stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PFLT shares. View PFLT analyst ratings or view top-rated stocks. What is PennantPark Floating Rate Capital's stock price target for 2024? 2 brokers have issued 12 month price targets for PennantPark Floating Rate Capital's shares. Their PFLT share price targets range from $11.00 to $12.50. On average, they predict the company's stock price to reach $11.75 in the next year. This suggests a possible upside of 1.4% from the stock's current price. View analysts price targets for PFLT or view top-rated stocks among Wall Street analysts. How have PFLT shares performed in 2024? PennantPark Floating Rate Capital's stock was trading at $12.10 on January 1st, 2024. Since then, PFLT shares have decreased by 4.2% and is now trading at $11.59. View the best growth stocks for 2024 here. When is PennantPark Floating Rate Capital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our PFLT earnings forecast. How can I listen to PennantPark Floating Rate Capital's earnings call? PennantPark Floating Rate Capital will be holding an earnings conference call on Thursday, May 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were PennantPark Floating Rate Capital's earnings last quarter? PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced its quarterly earnings data on Thursday, February, 9th. The asset manager reported $0.30 earnings per share for the quarter, hitting analysts' consensus estimates of $0.30. The asset manager earned $31.34 million during the quarter, compared to the consensus estimate of $29.59 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 11.83% and a net margin of 43.40%. During the same quarter last year, the business earned $0.33 EPS. How often does PennantPark Floating Rate Capital pay dividends? What is the dividend yield for PennantPark Floating Rate Capital? PennantPark Floating Rate Capital declared a monthly dividend on Monday, May 6th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.1025 per share on Monday, June 3rd. This represents a $1.23 dividend on an annualized basis and a dividend yield of 10.61%. The ex-dividend date is Tuesday, May 14th. Read our dividend analysis for PFLT. Is PennantPark Floating Rate Capital a good dividend stock? PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.23 per share and currently has a dividend yield of 10.89%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PFLT will have a dividend payout ratio of 96.85% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for PFLT. What ETFs hold PennantPark Floating Rate Capital's stock? ETFs with the largest weight of PennantPark Floating Rate Capital (NASDAQ:PFLT) stock in their portfolio include Sound Enhanced Fixed Income ETF (FXED), Sound Enhanced Fixed Income ETF (SDEF), Virtus Private Credit Strategy ETF (VPC), WHITEWOLF Publicly Listed Private Equity ETF (LBO) and VanEck BDC Income ETF (BIZD) and What other stocks do shareholders of PennantPark Floating Rate Capital own? Based on aggregate information from My MarketBeat watchlists, some companies that other PennantPark Floating Rate Capital investors own include AT&T (T), Altria Group (MO), Gladstone Capital (GLAD), Oxford Lane Capital (OXLC), Coca-Cola (KO), Gladstone Investment (GAIN), Main Street Capital (MAIN), Prospect Capital (PSEC), Enterprise Products Partners (EPD) and Virtus Global Dividend & Income Fund (ZTR). Who are PennantPark Floating Rate Capital's major shareholders? PennantPark Floating Rate Capital's stock is owned by a number of retail and institutional investors. Top institutional investors include Sound Income Strategies LLC (5.59%), Van ECK Associates Corp (1.87%), PFG Advisors (0.18%), PFG Investments LLC (0.17%), Mckinley Capital Management LLC (0.13%) and Graypoint LLC (0.11%). View institutional ownership trends. How do I buy shares of PennantPark Floating Rate Capital? Shares of PFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NASDAQ:PFLT) was last updated on 5/8/2024 by MarketBeat.com Staff From Our PartnersConflict In Israel Sends Gold Soaring ???? Here’s How To Get Your ShareColonial MetalsGold Set to EXPLODE!Gold Safe ExchangeShocking: One AI startup's revenue could surge 4,735%Manward PressThe Department of Defense Has a New Drone ContractorThe Tomorrow InvestorClaim Your Complimentary Bitcoin RewardCrypto Swap ProfitsTech GIANT’s Plans to Revolutionize Crypto…Crypto 101 MediaAI “wealth window” is closing June 25thParadigm PressThe #1 lithium battery stock to have on your radar in 2024!Smallcaps Daily Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PennantPark Floating Rate Capital Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.