NASDAQ:PFLT PennantPark Floating Rate Capital (PFLT) Stock Forecast, Price & News $10.30 -0.13 (-1.25%) (As of 10/3/2023 ET) Add Compare Share Share Today's Range$10.21▼$10.4250-Day Range$10.30▼$11.3952-Week Range$9.58▼$12.33Volume573,762 shsAverage Volume343,501 shsMarket Capitalization$604.73 millionP/E RatioN/ADividend Yield11.95%Price Target$11.67 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media PennantPark Floating Rate Capital MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside13.3% Upside$11.67 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings Growth-6.82%From $1.32 to $1.23 Per ShareSee Full Details Hide Full Details 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 starsFinance Sector853rd out of 873 stocksInvestors, Not Elsewhere Classified Industry15th out of 15 stocks 2.3 Analyst's Opinion Consensus RatingPennantPark Floating Rate Capital has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.67, PennantPark Floating Rate Capital has a forecasted upside of 13.3% from its current price of $10.30.Amount of Analyst CoveragePennantPark Floating Rate Capital has received no research coverage in the past 90 days. 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 11.79%, 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 SustainabilityBased on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 100.00% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current 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 0.6 News and Social Media Coverage Search InterestOnly 16 people have searched for PFLT on MarketBeat in the last 30 days. This is a decrease of -53% compared to the previous 30 days.MarketBeat Follows17 people have added PennantPark Floating Rate Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 143% 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 27.36% of the stock of PennantPark Floating Rate Capital is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for PennantPark Floating Rate Capital are expected to decrease by -6.82% in the coming year, from $1.32 to $1.23 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennantPark Floating Rate Capital is -85.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of PennantPark Floating Rate Capital is -85.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioPennantPark Floating Rate Capital has a P/B Ratio of 0.89. 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) StockPennantPark 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFLT Stock News HeadlinesSeptember 15, 2023 | finance.yahoo.comDecoding PennantPark Floating Rate Capital Ltd's Dividend SustainabilitySeptember 14, 2023 | msn.comPennantPark Floating Rate: A Fat 11.3% YieldOctober 4, 2023 | Wall Street Fundamentals (Ad)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.August 18, 2023 | msn.comPennantPark Floating Rate Capital: Floating Rate 11% Yield, Earnings Up, But...August 11, 2023 | finance.yahoo.comQ3 2023 PennantPark Floating Rate Capital Ltd Earnings CallAugust 9, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Its Financial Results for the Quarter Ended June 30, 2023July 11, 2023 | msn.comPennantPark Floating Rate: Dividend InsightsJuly 7, 2023 | seekingalpha.comPennantPark declares dividend of $0.1025/shareOctober 4, 2023 | Wall Street Fundamentals (Ad)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.July 5, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareJuly 5, 2023 | seekingalpha.comBlackRock Or PennantPark For Solid 12% Yield?June 30, 2023 | finance.yahoo.com4 Reasons to Add PennantPark (PFLT) to Your Portfolio NowJune 14, 2023 | finance.yahoo.comPennantPark (PFLT) Upgraded to Strong Buy: What Does It Mean for the Stock?June 13, 2023 | finance.yahoo.comPFLT - PennantPark Floating Rate Capital Ltd.June 5, 2023 | finance.yahoo.comIs PennantPark (PFLT) a Solid Growth Stock? 3 Reasons to Think "Yes"May 30, 2023 | seekingalpha.comPennantPark Floating Rate Capital: An 11.5% Yield Paid Monthly And At A Small DiscountMay 15, 2023 | msn.comJMP Securities Reiterates PennantPark Floating Rate Capital (PFLT) Market Outperform RecommendationMay 12, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q2 2023 Earnings Call TranscriptMay 12, 2023 | finance.yahoo.comQ2 2023 PennantPark Floating Rate Capital Ltd Earnings CallMay 10, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces 2.5% Increase of Its Monthly Distribution to $0.1025 Per Share and Financial Results for the Quarter Ended March 31, 2023April 13, 2023 | nasdaq.comPennantpark Floating Rate Capital About To Put More Money In Your Pocket (PFLT)April 13, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd.’s Unconsolidated Joint Venture, PennantPark Senior Secured Loan Fund I, LLC Completes $297.8 Million CLO, Marking Continued Growth in PennantPark’s Middle Market CLO Platform with Six CLOs Under ManagementApril 5, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2023 ResultsApril 4, 2023 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.10 per ShareMarch 15, 2023 | benzinga.comPennantPark Floating Rate Stock (NYSE:PFLT), Trade IdeasMarch 15, 2023 | benzinga.comPennantPark Floating Rate Stock (NYSE:PFLT), Short Interest ReportFebruary 11, 2023 | insidermonkey.comPennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Q1 2023 Earnings Call TranscriptSee 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 PFLT Company Calendar Last Earnings8/09/2023Ex-Dividend for 9/1 Dividend8/15/2023Dividend Payable9/01/2023Ex-Dividend for 10/2 Dividend9/15/2023Dividend Payable10/02/2023Today10/04/2023Next Earnings (Estimated)11/15/2023Fiscal Year End9/30/2024Get Stock AlertsIndustry, 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/APrice 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 RatingModerate Buy Rating Score (0-4)2.67 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($0.12) Trailing P/E RatioN/A Forward P/E Ratio7.80 P/E GrowthN/ANet Income$3.45 million Net Margins-1.45% Pretax Margin-1.46% Return on Equity11.19% Return on Assets5.07% Debt Debt-to-Equity Ratio0.37 Current Ratio0.20 Quick Ratio0.20 Sales & Book Value Annual Sales$105.49 million Price / Sales5.73 Cash Flow$1.59 per share Price / Cash Flow6.48 Book Value$11.62 per share Price / Book0.89Miscellaneous Outstanding Shares58,740,000Free Float58,148,000Market Cap$604.73 million OptionableOptionable Beta1.62 5G Stocks: The Path Forward is ProfitableClick the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Key ExecutivesMr. 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 VisgilioMang. of OperationsFrank GaleaChief Compliance OfficerMr. P. Whitridge Williams Jr.J.D., PartnerMr. Brian KendallSr. VPMr. Boaz Magid (Age 45)MD, Head of Europe & CEO of PennantPark Europe, B.V. Mr. Thomas J. Friedmann Esq.Sec.Mr. Salvatore Giannetti IIIPartnerMore ExecutivesKey CompetitorsGladstone InvestmentNASDAQ:GAINPennantPark InvestmentNASDAQ:PNNTTriplePoint Venture Growth BDCNYSE:TPVGCapital SouthwestNASDAQ:CSWCStellus Capital InvestmentNYSE:SCMView All CompetitorsInstitutional OwnershipOsaic Holdings Inc.Bought 7,668 shares on 8/21/2023Ownership: 0.324%Stifel Financial CorpSold 5,064 shares on 8/15/2023Ownership: 0.139%Wells Fargo & Company MNBought 2,102 shares on 8/15/2023Ownership: 0.017%Castleview Partners LLCBought 3,587 shares on 8/15/2023Ownership: 0.006%Quarry LPBought 3,156 shares on 8/15/2023Ownership: 0.005%View All Institutional Transactions 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 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: Your Password: or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Choose a Password: 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.