PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies. It provides first lien secured debt and other opportunistic financings (senior notes, second lien, mezzanine, private high yield debt, and preferred and common stock) to middle market sponsors and companies. Its investments may include equity features, such as direct investments in the equity securities of borrowers or warrants or options to buy a minority interest in a portfolio company. It has investments in various sectors, including aerospace and defense; consumer services; healthcare and pharmaceuticals, and others. Its investment activities are managed by the investment advisor, PennantPark Investment Advisers, LLC.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Closed End Funds
- Sub-Industry: N/A
- Symbol: NASDAQ:PFLT
- CUSIP: N/A
- Web: www.pennantpark.com
- 50 Day Moving Avg: $14.22
- 200 Day Moving Avg: $14.04
- 52 Week Range: $12.21 - $14.45
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 12.19
- P/E Growth: 0.00
- Annual Dividend: $1.14
- Dividend Yield: 7.9%
- Net Margins: 73.28%
- Return on Equity: 7.26%
- Return on Assets: 4.15%
- Current Ratio: 0.17%
- Quick Ratio: 0.17%
- Average Volume: 132,952 shs.
- Beta: 0.58
Frequently Asked Questions for PennantPark Floating Rate Capital (NASDAQ:PFLT)
What is PennantPark Floating Rate Capital's stock symbol?
PennantPark Floating Rate Capital trades on the NASDAQ under the ticker symbol "PFLT."
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 Wednesday, September 20th will be given a dividend of $0.095 per share on Monday, October 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 7.92%. The ex-dividend date of this dividend is Tuesday, September 19th. View PennantPark Floating Rate Capital's Dividend History.
How were PennantPark Floating Rate Capital's earnings last quarter?
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) posted its earnings results on Tuesday, August, 8th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.03. The company had revenue of $15.19 million for the quarter, compared to analyst estimates of $15.17 million. PennantPark Floating Rate Capital had a net margin of 73.28% and a return on equity of 7.26%. View PennantPark Floating Rate Capital's Earnings History.
When will PennantPark Floating Rate Capital make its next earnings announcement?
Where is PennantPark Floating Rate Capital's stock going? Where will PennantPark Floating Rate Capital's stock price be in 2017?
5 equities research analysts have issued 12 month target prices for PennantPark Floating Rate Capital's shares. Their forecasts range from $14.00 to $15.50. On average, they expect PennantPark Floating Rate Capital's share price to reach $14.80 in the next twelve months. View Analyst Ratings for PennantPark Floating Rate Capital.
Who are some of PennantPark Floating Rate Capital's key competitors?
Some companies that are related to PennantPark Floating Rate Capital include Solar Capital (SLRC), Ithaca Energy (IAE), Triangle Capital Corporation (TCAP), Invesco California Value Municipal Income Trust (VCV), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), Foresight Solar Fund Ltd (FSFL), Fidus Investment Corporation (FDUS), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), Gladstone Investment Corporation (GAIN), THL Credit (TCRD), WhiteHorse Finance (WHF), Solar Senior Capital (SUNS), Fifth Street Senior Floating Rate Corp. (FSFR), Gladstone Capital Corporation (GLAD), Invesco Bond Fund (VBF) and Stellus Capital Investment Corporation (SCM).
Who owns PennantPark Floating Rate Capital stock?
PennantPark Floating Rate Capital's stock is owned by many different of retail and institutional investors. Top institutional investors include Muzinich & Co. Inc. (0.00%), Punch & Associates Investment Management Inc. (0.00%), LGT Capital Partners LTD. (0.00%), Janney Montgomery Scott LLC (0.00%), Ares Management LLC (0.00%) and West Family Investments Inc. (0.00%). View Institutional Ownership Trends for PennantPark Floating Rate Capital.
Who sold PennantPark Floating Rate Capital stock? Who is selling PennantPark Floating Rate Capital stock?
PennantPark Floating Rate Capital's stock was sold by a variety of institutional investors in the last quarter, including Freestone Capital Holdings LLC, Advisors Asset Management Inc., West Family Investments Inc., Mckinley Capital Management LLC Delaware, Pacific Ridge Capital Partners LLC, Ares Management LLC, The Manufacturers Life Insurance Company and Confluence Investment Management LLC. View Insider Buying and Selling for PennantPark Floating Rate Capital.
Who bought PennantPark Floating Rate Capital stock? Who is buying PennantPark Floating Rate Capital stock?
PennantPark Floating Rate Capital's stock was purchased by a variety of institutional investors in the last quarter, including Arrowstreet Capital Limited Partnership, Van ECK Associates Corp, Ameriprise Financial Inc., Muzinich & Co. Inc., Shelton Capital Management, Bank of Montreal Can, Garner Asset Management Corp and LGT Capital Partners LTD.. View Insider Buying and Selling for PennantPark Floating Rate Capital.
How do I buy PennantPark Floating Rate Capital stock?
Shares of PennantPark Floating Rate Capital can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is PennantPark Floating Rate Capital's stock price today?
MarketBeat Community Rating for PennantPark Floating Rate Capital (NASDAQ PFLT)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of PennantPark Floating Rate Capital stock can currently be purchased for approximately $14.39.
Consensus Ratings for PennantPark Floating Rate Capital (NASDAQ:PFLT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Hold Rating, 4 Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$14.80 (2.85% upside)|
Analysts' Ratings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)
(Data available from 9/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/31/2017||Keefe, Bruyette & Woods||Reiterated Rating||Buy||$15.50||Low|
|8/9/2017||Maxim Group||Reiterated Rating||Buy||$14.75||Low|
|5/11/2017||Ladenburg Thalmann Financial Services||Upgrade||Neutral -> Buy||$14.75||Low|
|3/10/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy -> Buy||$15.00||Medium|
|12/20/2016||Janney Montgomery Scott||Initiated Coverage||Neutral||$14.00||N/A|
|2/9/2016||JMP Securities||Lower Price Target||Market Outperform||$14.00||N/A|
Earnings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)Earnings History by Quarter for PennantPark Floating Rate Capital (NASDAQ PFLT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q3 2017||$0.28||$0.25||$15.17 million||$15.19 million||View||Listen|
|5/9/2017||Q2 2017||$0.28||$0.27||$14.43 million||$13.22 million||View||N/A|
|2/9/2017||Q117||$0.27||$0.26||$13.26 million||$12.63 million||View||Listen|
|2/4/2016||Q116||$0.21||$0.22||$8.68 million||$8.76 million||View||N/A|
|11/12/2015||Q415||$0.28||$0.26||$8.06 million||$7.79 million||View||Listen|
|8/6/2015||Q212||$0.30||$0.28||$7.38 million||$7.10 million||View||N/A|
|8/6/2014||$0.29||$0.29||$8.15 million||$7.67 million||View||N/A|
|5/8/2014||$0.29||$0.25||$7.60 million||$7.62 million||View||N/A|
Earnings Estimates for PennantPark Floating Rate Capital (NASDAQ:PFLT)
2017 EPS Consensus Estimate: $0.62
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for PennantPark Floating Rate Capital (NASDAQ:PFLT)
|Payout Ratio:||78.08% (Trailing 12 Months of Earnings) |
99.13% (Based on This Year's Estimates)
96.61% (Based on Next Year's Estimates)
Dividend History by Quarter for PennantPark Floating Rate Capital (NASDAQ PFLT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for PennantPark Floating Rate Capital (NASDAQ:PFLT)
Insider Ownership Percentage: 1.20%Insider Trades by Quarter for PennantPark Floating Rate Capital (NASDAQ:PFLT)
Institutional Ownership Percentage: 31.56%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/11/2016||Samuel L Katz||Director||Buy||4,140||$10.50||$43,470.00|| |
|2/9/2016||Samuel L Katz||Director||Buy||5,860||$10.52||$61,647.20|| |
|9/4/2015||Samuel L Katz||Director||Buy||20,000||$12.23||$244,600.00|| |
|8/31/2015||Jeffrey Flug||Director||Buy||7,500||$12.11||$90,825.00|| |
|8/26/2015||Samuel L Katz||Director||Buy||7,482||$12.00||$89,784.00|| |
|8/20/2015||Aviv Efrat||CFO||Buy||15,000||$12.85||$192,750.00|| |
|8/26/2014||Samuel L Katz||Director||Buy||7,969||$14.16||$112,841.04|| |
|8/22/2014||Samuel L Katz||Director||Buy||2,031||$14.03||$28,494.93|| |
|5/22/2013||Aviv Efrat||CFO||Buy||8,000||$14.45||$115,600.00|| |
|3/21/2013||Samuel L Katz||Director||Buy||30,000||$14.00||$420,000.00|| |
Headline Trends for PennantPark Floating Rate Capital (NASDAQ:PFLT)
Latest Headlines for PennantPark Floating Rate Capital (NASDAQ:PFLT)
PennantPark Floating Rate Capital (PFLT) Chart for Sunday, September, 24, 2017