NASDAQ:PFLT PennantPark Floating Rate Capital Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium 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. $11.56 +0.05 (+0.43%) (As of 06/28/2022 12:00 AM ET) Add Compare Share Today's Range$11.52▼$11.7650-Day Range$10.45▼$14.1352-Week Range$10.37▼$14.38Volume235,669 shsAverage Volume307,873 shsMarket Capitalization$477.58 millionP/E Ratio11.12Dividend Yield9.90%Price Target$13.25 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 PFLT Stock Forecast (MarketRank)Overall MarketRank™1.80 out of 5 starsFinance Sector900th out of 1,394 stocksInvestors, Not Elsewhere Classified Industry14th out of 28 stocksAnalyst Opinion: 2.0Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 - 2.0 Analyst's Opinion Consensus RatingPennantPark Floating Rate Capital has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $13.25, PennantPark Floating Rate Capital has a forecasted upside of 14.6% from its current price of $11.56.Amount of Analyst CoveragePennantPark Floating Rate Capital has received no research coverage in the past 90 days. Previous Next 3.5 Community Rank Outperform VotesPennantPark Floating Rate Capital has received 247 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPennantPark Floating Rate Capital has received 235 “underperform” votes. (Add your “underperform” vote.)Community SentimentPennantPark Floating Rate Capital has received 51.24% “outperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about PennantPark Floating Rate Capital and other stocks. Vote “Outperform” if you believe PFLT will outperform the S&P 500 over the long term. Vote “Underperform” if you believe PFLT will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipPennantPark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 9.90%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantPark Floating Rate Capital does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of PennantPark Floating Rate Capital is 109.62%. 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 97.44% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend. 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 18.16% of the stock of PennantPark Floating Rate Capital is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PennantPark Floating Rate Capital are expected to decrease by -0.85% in the coming year, from $1.18 to $1.17 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennantPark Floating Rate Capital is 11.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 22.97.Price to Earnings Ratio vs. SectorThe P/E ratio of PennantPark Floating Rate Capital is 11.12, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.15.Price to Book Value per Share RatioPennantPark Floating Rate Capital has a P/B Ratio of 0.91. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here 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.Read More PFLT Stock News HeadlinesMay 6, 2022 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Appoints Senior Partner of PennantPark to Its Board of DirectorsMay 5, 2022 | seekingalpha.comPennantPark Floating Rate Capital (PFLT) CEO Art Penn on Q2 2022 Results - Earnings Call TranscriptMay 4, 2022 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended March 31, 2022April 25, 2022 | finance.yahoo.comWant $300 in Monthly Dividend Income? Invest $41,800 in These High-Yield StocksApril 7, 2022 | sg.finance.yahoo.comPennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2022 ResultsMarch 30, 2022 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Transfer of Common Stock listing to the New York Stock ExchangeMarch 14, 2022 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Increases Commitment to Joint VentureMarch 14, 2022 | finance.yahoo.com10 Monthly Dividend Stocks with Over 6% YieldFebruary 15, 2022 | finance.yahoo.com5 Ultra-High-Yield Dividend Stocks That Can Help You Crush InflationFebruary 9, 2022 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Financial Results for the Quarter Ended December 31, 2021February 8, 2022 | markets.businessinsider.comHere's what Wall Street expects from PennantPark Floating Rate Capital's earnings reportFebruary 2, 2022 | seekingalpha.comPennantPark declares $0.095 dividendJanuary 20, 2022 | nasdaq.comPennantPark Floating Rate Capital Ltd. Common Stock (PFLT)See More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Investors, not elsewhere classified Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:PFLT CUSIPN/A CIK1504619 Webwww.pennantpark.com Phone(212) 905-1000Fax212-905-1075EmployeesN/AYear FoundedN/ACompany Calendar Last Earnings5/04/2022Ex-Dividend for 6/1 Dividend5/17/2022Dividend Payable6/01/2022Ex-Dividend for 7/1 Dividend6/16/2022Today6/28/2022Dividend Payable7/01/2022Next Earnings (Estimated)8/03/2022Fiscal Year End9/30/2022Price 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 RatingHold Rating Score (0-4)2 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.039990 Trailing P/E Ratio11.12 Forward P/E Ratio9.80 P/E GrowthN/ANet Income$56.52 million Net Margins43.20% Pretax Margin43.20% Return on Equity8.97% Return on Assets3.73% Debt Debt-to-Equity Ratio0.43 Current Ratio0.11 Quick Ratio0.11 Sales & Book Value Annual Sales$82.69 million Price / Sales5.78 Cash Flow$0.24 per share Price / Cash Flow48.03 Book Value$12.65 per share Price / Book0.91Miscellaneous Outstanding Shares41,313,000Free Float40,900,000Market Cap$477.58 million OptionableOptionable Beta1.74 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., PartnerMr. P. Whitridge Williams Jr., J.D., PartnerMr. Thomas J. Friedmann Esq., Sec.Mr. Salvatore Giannetti III, Partner Who are some of PennantPark Floating Rate Capital's key competitors? Some companies that are related to PennantPark Floating Rate Capital include Fairfax India (FFXDF), Sixth Street Specialty Lending (TSLX), New Mountain Finance (NMFC), Capital Southwest (CSWC), Gladstone Investment (GAIN), PennantPark Investment (PNNT), TriplePoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), Portman Ridge Finance (PTMN), OFS Capital (OFS), Elron Ventures (ELRNF), First Eagle Alternative Capital BDC (FCRD), TAAT Global Alternatives (TOBAF), 180 Degree Capital (TURN) and Safeguard Scientifics (SFE). View all of PFLT's competitors. 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 30 Days of MarketBeat All Access for $1.00 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. 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