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

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.

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.

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

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%.

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.

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).

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.

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).

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

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.
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One share of PFLT stock can currently be purchased for approximately $10.30.

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.

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.