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Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
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S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Would Buffett Approve of This Growth Strategy? (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
Why Ralph Lauren Should Be On Your Holiday Wishlist
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
3 Reliable Growing Dividends Near Rock-Bottom Prices
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Would Buffett Approve of This Growth Strategy? (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
Why Ralph Lauren Should Be On Your Holiday Wishlist
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
3 Reliable Growing Dividends Near Rock-Bottom Prices
S&P 500   4,229.45
DOW   33,002.38
QQQ   354.92
International Paper's 5% Yield Offers Big Value
The Strategic Gold Play You Haven't Heard About (Ad)
Warren Buffett's company dumps another 5 million shares of printer maker HP
How You Can Beat the Yields on near 5% Treasuries, plus Upside
Would Buffett Approve of This Growth Strategy? (Ad)
Low PE Growth Stocks: Unlocking Investment Opportunities
Why Ralph Lauren Should Be On Your Holiday Wishlist
The Strategic Gold Play You Haven't Heard About (Ad)
Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall Street
3 Reliable Growing Dividends Near Rock-Bottom Prices
NASDAQ:PFLT

PennantPark Floating Rate Capital (PFLT) Stock Forecast, Price & News

$10.30
-0.13 (-1.25%)
(As of 10/3/2023 ET)
Compare
Today's Range
$10.21
$10.42
50-Day Range
$10.30
$11.39
52-Week Range
$9.58
$12.33
Volume
573,762 shs
Average Volume
343,501 shs
Market Capitalization
$604.73 million
P/E Ratio
N/A
Dividend Yield
11.95%
Price Target
$11.67

PennantPark Floating Rate Capital MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
13.3% Upside
$11.67 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-6.82%
From $1.32 to $1.23 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.31 out of 5 stars

Finance Sector

853rd out of 873 stocks

Investors, Not Elsewhere Classified Industry

15th out of 15 stocks


PFLT stock logo

About PennantPark Floating Rate Capital (NASDAQ:PFLT) Stock

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 Price History

PFLT Stock News Headlines

PennantPark Floating Rate: A Fat 11.3% Yield
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
PennantPark declares dividend of $0.1025/share
Would Buffett Approve of This Growth Strategy?
Warren Buffett's approach has been to find and invest in undervalued businesses with strong potential for growth. Taking this approach to heart and applying it to a Trillion Dollar industry has proved itself in a big way...achieving an incredible 400+% growth during a down market.
BlackRock Or PennantPark For Solid 12% Yield?
PFLT - PennantPark Floating Rate Capital Ltd.
See More Headlines
Receive PFLT Stock News and Ratings via Email

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PFLT Company Calendar

Last Earnings
8/09/2023
Ex-Dividend for 9/1 Dividend
8/15/2023
Dividend Payable
9/01/2023
Ex-Dividend for 10/2 Dividend
9/15/2023
Dividend Payable
10/02/2023
Today
10/04/2023
Next Earnings (Estimated)
11/15/2023
Fiscal Year End
9/30/2024

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

Price Target and Rating

Average Stock Price Forecast
$11.67
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+13.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$3.45 million
Pretax Margin
-1.46%

Debt

Sales & Book Value

Annual Sales
$105.49 million
Cash Flow
$1.59 per share
Book Value
$11.62 per share

Miscellaneous

Free Float
58,148,000
Market Cap
$604.73 million
Optionable
Optionable
Beta
1.62
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Key Executives

  • Mr. Arthur Howard Penn (Age 60)
    Founder, Chairman & CEO
  • Mr. Richard Thomas Allorto Jr. (Age 51)
    CPA, CPA, CFO & Treasurer
  • Mr. Jose A. Briones Jr. (Age 52)
    Partner & Director
  • Mr. Matthew Visgilio
    Mang. of Operations
  • Frank Galea
    Chief Compliance Officer
  • Mr. P. Whitridge Williams Jr.
    J.D., Partner
  • Mr. Brian Kendall
    Sr. VP
  • Mr. Boaz Magid (Age 45)
    MD, Head of Europe & CEO of PennantPark Europe, B.V.
  • Mr. Thomas J. Friedmann Esq.
    Sec.
  • Mr. Salvatore Giannetti III
    Partner













PFLT Stock - Frequently Asked Questions

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

3 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 2 buy ratings 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 forecast for 2023?

3 Wall Street research analysts have issued 1-year target prices for PennantPark Floating Rate Capital's stock. Their PFLT share price forecasts range from $11.00 to $12.00. On average, they anticipate the company's share price to reach $11.67 in the next twelve months. This suggests a possible upside of 13.3% 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 2023?

PennantPark Floating Rate Capital's stock was trading at $10.98 at the beginning of the year. Since then, PFLT stock has decreased by 6.2% and is now trading at $10.2950.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 15th 2023.
View our PFLT earnings forecast
.

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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced its earnings results on Wednesday, August, 9th. The asset manager reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. The asset manager earned $37.71 million during the quarter, compared to analyst estimates of $34.23 million. PennantPark Floating Rate Capital had a negative net margin of 1.45% and a positive trailing twelve-month return on equity of 11.19%.

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 Thursday, September 7th. Investors of record on Monday, September 18th will be given a dividend of $0.1025 per share on Monday, October 2nd. This represents a $1.23 annualized dividend and a yield of 11.95%. The ex-dividend date of this dividend is Friday, September 15th.
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) and Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD).

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 11.54%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PFLT.

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).

What is PennantPark Floating Rate Capital's stock symbol?

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

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 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 $10.30.

How much money does PennantPark Floating Rate Capital make?

PennantPark Floating Rate Capital (NASDAQ:PFLT) has a market capitalization of $604.73 million and generates $105.49 million in revenue each year. The asset manager earns $3.45 million in net income (profit) each year or ($0.12) 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 the company is www.pennantpark.com. The asset manager can be reached via phone at (212) 905-1000, via email at investorrelations@pennantpark.com, or via fax at 212-905-1075.

This page (NASDAQ:PFLT) was last updated on 10/4/2023 by MarketBeat.com Staff

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