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DOW   30,946.99
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S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
S&P 500   3,821.55
DOW   30,946.99
QQQ   283.54
NASDAQ:PFLT

PennantPark Floating Rate Capital Stock Forecast, Price & News

$11.56
+0.05 (+0.43%)
(As of 06/28/2022 12:00 AM ET)
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Today's Range
$11.52
$11.76
50-Day Range
$10.45
$14.13
52-Week Range
$10.37
$14.38
Volume
235,669 shs
Average Volume
307,873 shs
Market Capitalization
$477.58 million
P/E Ratio
11.12
Dividend Yield
9.90%
Price Target
$13.25
30 days | 90 days | 365 days | Advanced Chart

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PFLT Stock Forecast (MarketRank)

Overall MarketRank

1.80 out of 5 stars

Finance Sector

900th out of 1,394 stocks

Investors, Not Elsewhere Classified Industry

14th out of 28 stocks

Analyst Opinion: 2.0Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -
PennantPark Floating Rate Capital logo

About PennantPark Floating Rate Capital (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.

PFLT Stock News Headlines

10 Monthly Dividend Stocks with Over 6% Yield
PennantPark declares $0.095 dividend
See More Headlines

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PFLT
Employees
N/A
Year Founded
N/A

Company Calendar

Last Earnings
5/04/2022
Ex-Dividend for 6/1 Dividend
5/17/2022
Dividend Payable
6/01/2022
Ex-Dividend for 7/1 Dividend
6/16/2022
Today
6/28/2022
Dividend Payable
7/01/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
9/30/2022

Price Target and Rating

Average Stock Price Forecast
$13.25
High Stock Price Forecast
$13.50
Low Stock Price Forecast
$13.00
Forecasted Upside/Downside
+14.6%
Consensus Rating
Hold
Rating Score (0-4)
2
Research Coverage
2 Analysts

Profitability

Net Income
$56.52 million
Pretax Margin
43.20%

Debt

Sales & Book Value

Annual Sales
$82.69 million
Cash Flow
$0.24 per share
Book Value
$12.65 per share

Miscellaneous

Free Float
40,900,000
Market Cap
$477.58 million
Optionable
Optionable
Beta
1.74














PennantPark Floating Rate Capital Frequently Asked Questions

Should I buy or sell PennantPark Floating Rate Capital stock right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" PennantPark Floating Rate Capital stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFLT, but not buy additional shares or sell existing shares.
View analyst ratings for PennantPark Floating Rate Capital
or view top-rated stocks.

What is PennantPark Floating Rate Capital's stock price forecast for 2022?

2 brokerages have issued 12-month price objectives for PennantPark Floating Rate Capital's stock. Their PFLT stock forecasts range from $13.00 to $13.50. On average, they predict PennantPark Floating Rate Capital's share price to reach $13.25 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
View analysts' price targets for PennantPark Floating Rate Capital
or view top-rated stocks among Wall Street analysts.

How has PennantPark Floating Rate Capital's stock performed in 2022?

PennantPark Floating Rate Capital's stock was trading at $12.77 on January 1st, 2022. Since then, PFLT stock has decreased by 9.5% and is now trading at $11.56.
View the best growth stocks for 2022 here
.

When is PennantPark Floating Rate Capital's next earnings date?

PennantPark Floating Rate Capital is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for PennantPark Floating Rate Capital
.

How were PennantPark Floating Rate Capital's earnings last quarter?

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) released its earnings results on Wednesday, May, 4th. The asset manager reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.01. The asset manager earned $24.64 million during the quarter, compared to analyst estimates of $23.73 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 8.97% and a net margin of 43.20%.
View PennantPark Floating Rate Capital's earnings history
.

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, June 6th. Investors of record on Friday, June 17th will be given a dividend of $0.095 per share on Friday, July 1st. This represents a $1.14 annualized dividend and a dividend yield of 9.86%. The ex-dividend date is Thursday, June 16th.
View PennantPark Floating Rate Capital's dividend history
.

Is PennantPark Floating Rate Capital a good dividend stock?

PennantPark Floating Rate Capital(NASDAQ:PFLT) pays an annual dividend of $1.14 per share and currently has a dividend yield of 9.90%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of PennantPark Floating Rate Capital is 109.62%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 97.44% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend.
View PennantPark Floating Rate Capital's dividend history.

Who are PennantPark Floating Rate Capital's key executives?

PennantPark Floating Rate Capital's management team includes the following people:
  • Mr. Arthur Howard Penn, Founder, Chairman & CEO (Age 59)
  • Mr. Richard Cheung, CFO & Treasurer (Age 42)
  • Mr. Richard Thomas Allorto Jr., CPA, CPA, Chief Financial Officer (Age 50)
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 67)
  • Mr. Jose A. Briones Jr., Partner
  • Mr. P. Whitridge Williams Jr., J.D., Partner
  • Mr. Thomas J. Friedmann Esq., Sec.
  • Mr. Salvatore Giannetti III, Partner

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 Total Return Fund (ZTR).

What is PennantPark Floating Rate Capital's stock symbol?

PennantPark Floating Rate Capital trades on the NASDAQ under the ticker symbol "PFLT."

Who are PennantPark Floating Rate Capital's major shareholders?

PennantPark Floating Rate Capital's stock is owned by many different retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (6.09%), Van ECK Associates Corp (2.33%), Hennion & Walsh Asset Management Inc. (0.64%), BlackRock Inc. (0.57%), Advisors Asset Management Inc. (0.57%) and Advisor Group Holdings Inc. (0.60%). Company insiders that own PennantPark Floating Rate Capital stock include Adam K Bernstein, Arthur H Penn, Aviv Efrat, Jeffrey Flug and Samuel L Katz.
View institutional ownership trends for PennantPark Floating Rate Capital
.

Which institutional investors are selling PennantPark Floating Rate Capital stock?

PFLT stock was sold by a variety of institutional investors in the last quarter, including Mid American Wealth Advisory Group Inc., BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Muzinich & Co. Inc., Advisor Group Holdings Inc., Hennion & Walsh Asset Management Inc., PFG Advisors, and Simplex Trading LLC.
View insider buying and selling activity for PennantPark Floating Rate Capital
or view top insider-selling stocks.

Which institutional investors are buying PennantPark Floating Rate Capital stock?

PFLT stock was purchased by a variety of institutional investors in the last quarter, including Van ECK Associates Corp, Advisors Asset Management Inc., JPMorgan Chase & Co., Commonwealth Equity Services LLC, Toroso Investments LLC, Sound Income Strategies LLC, Wambolt & Associates LLC, and Merit Financial Group LLC.
View insider buying and selling activity for PennantPark Floating Rate Capital
or or view top insider-buying stocks.

How do I buy shares of PennantPark Floating Rate Capital?

Shares of PFLT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is PennantPark Floating Rate Capital's stock price today?

One share of PFLT stock can currently be purchased for approximately $11.56.

How much money does PennantPark Floating Rate Capital make?

PennantPark Floating Rate Capital (NASDAQ:PFLT) has a market capitalization of $477.58 million and generates $82.69 million in revenue each year. The asset manager earns $56.52 million in net income (profit) each year or $1.039990 on an earnings per share basis.

How can I contact PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital's mailing address is 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022. The official website for PennantPark Floating Rate Capital is www.pennantpark.com. The asset manager can be reached via phone at (212) 905-1000, via email at [email protected], or via fax at 212-905-1075.

This page (NASDAQ:PFLT) was last updated on 6/29/2022 by MarketBeat.com Staff

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