NASDAQ:PFLT - Pennantpark Floating Rate Capital Stock Price, News, & Analysis

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$12.59 +0.05 (+0.40 %)
(As of 01/21/2019 04:00 PM ET)
Previous Close$12.54
Today's Range$12.4926 - $12.59
52-Week Range$11.05 - $14.12
Volume86,767 shs
Average Volume134,088 shs
Market Capitalization$488.14 million
P/E Ratio11.88
Dividend Yield6.79%
Beta0.6
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.

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Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:PFLT
CUSIPN/A
Phone212-905-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$72.21 million
Cash Flow$1.0161 per share
Book Value$13.82 per share

Profitability

Net Income$33.49 million

Miscellaneous

EmployeesN/A
Market Cap$488.14 million
OptionableOptionable

Pennantpark Floating Rate Capital (NASDAQ:PFLT) Frequently Asked Questions

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 announced a monthly dividend on Tuesday, January 8th. Shareholders of record on Thursday, January 17th will be given a dividend of $0.095 per share on Friday, February 1st. This represents a $1.14 annualized dividend and a dividend yield of 9.05%. The ex-dividend date of this dividend is Wednesday, January 16th. This is a boost from Pennantpark Floating Rate Capital's previous monthly dividend of $0.08. 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 quarterly earnings results on Wednesday, November, 14th. The asset manager reported $0.30 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.28 by $0.02. The asset manager had revenue of $21.30 million for the quarter, compared to analysts' expectations of $19.92 million. Pennantpark Floating Rate Capital had a return on equity of 7.76% and a net margin of 46.39%. View Pennantpark Floating Rate Capital's Earnings History.

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

Pennantpark Floating Rate Capital is scheduled to release their next quarterly earnings announcement on Wednesday, February 6th 2019. View Earnings Estimates for Pennantpark Floating Rate Capital.

What price target have analysts set for PFLT?

3 analysts have issued 12 month price objectives for Pennantpark Floating Rate Capital's stock. Their forecasts range from $14.00 to $15.00. On average, they anticipate Pennantpark Floating Rate Capital's share price to reach $14.50 in the next twelve months. This suggests a possible upside of 15.2% from the stock's current price. View Analyst Price Targets for Pennantpark Floating Rate Capital.

What is the consensus analysts' recommendation for Pennantpark Floating Rate Capital?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennantpark Floating Rate Capital in the last year. There are currently 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pennantpark Floating Rate Capital.

What are Wall Street analysts saying about Pennantpark Floating Rate Capital stock?

Here are some recent quotes from research analysts about Pennantpark Floating Rate Capital stock:
  • 1. According to Zacks Investment Research, "PennantPark Floating Rate Capital Ltd. is a business development company. It 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. The firm provides first lien secured debt and other opportunistic financings (mezzanine, private high yield debt, 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. The firm has a value-oriented, bottoms-up investment philosophy. Its investment activities are managed by the investment advisor, PennantPark Investment Advisers LLC. " (11/20/2018)
  • 2. Maxim Group analysts commented, "NII of $0.24 per share consistent with our expectation of dividend coverage in F4Q18, especially given strong originations in F2Q18 and thus far in F3Q18. Our price target of $14 equates to 1.0x NAV. In our view, BDCs such as PFLT (focused on high quality, senior secured, floating rate investments) should not trade below a valuation level of 1.0x NAV in the current environment.." (5/11/2018)

Has Pennantpark Floating Rate Capital been receiving favorable news coverage?

Press coverage about PFLT stock has been trending very positive recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. Pennantpark Floating Rate Capital earned a media sentiment score of 3.2 on InfoTrie's scale. They also assigned headlines about the asset manager a news buzz of 4.0 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Who are some of Pennantpark Floating Rate Capital's key competitors?

Who are Pennantpark Floating Rate Capital's key executives?

Pennantpark Floating Rate Capital's management team includes the folowing people:
  • Mr. Arthur H. Penn, Founder, Chairman and Chief Exec. Officer (Age 56)
  • Mr. Aviv Efrat, Treasurer & CFO (Age 55)
  • Mr. Jose A. Briones Jr., Partner
  • Mr. P. Whitridge Williams Jr., J.D., Partner
  • Mr. Thomas J. Friedmann Esq., Sec.

Who are Pennantpark Floating Rate Capital's major shareholders?

Pennantpark Floating Rate Capital's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (2.81%), Sound Income Strategies LLC (2.79%), LGT Capital Partners LTD. (2.63%), Sound Income Strategies LLC (2.61%), PFG Advisors (0.37%) and Confluence Investment Management LLC (0.36%). Company insiders that own Pennantpark Floating Rate Capital stock include Arthur H Penn and Samuel L Katz. View Institutional Ownership Trends for Pennantpark Floating Rate Capital.

Which major investors are selling Pennantpark Floating Rate Capital stock?

PFLT stock was sold by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC. View Insider Buying and Selling for Pennantpark Floating Rate Capital.

Which major investors are buying Pennantpark Floating Rate Capital stock?

PFLT stock was purchased by a variety of institutional investors in the last quarter, including LGT Capital Partners LTD., PFG Advisors, Confluence Investment Management LLC, Sound Income Strategies LLC, Sound Income Strategies LLC and Monument Capital Management. Company insiders that have bought Pennantpark Floating Rate Capital stock in the last two years include Arthur H Penn and Samuel L Katz. View Insider Buying and Selling for Pennantpark Floating Rate Capital.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Pennantpark Floating Rate Capital's stock price today?

One share of PFLT stock can currently be purchased for approximately $12.59.

How big of a company is Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital has a market capitalization of $488.14 million and generates $72.21 million in revenue each year. The asset manager earns $33.49 million in net income (profit) each year or $1.06 on an earnings per share basis.

What is Pennantpark Floating Rate Capital's official website?

The official website for Pennantpark Floating Rate Capital is http://www.pennantpark.com.

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 asset manager can be reached via phone at 212-905-1000 or via email at [email protected]


MarketBeat Community Rating for Pennantpark Floating Rate Capital (NASDAQ PFLT)

Community Ranking:  2.1 out of 5 (star star)
Outperform Votes:  176 (Thanks for Voting!)
Underperform Votes:  235 (Thanks for Voting!)
Total Votes:  411
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.
This page was last updated on 1/21/2019 by MarketBeat.com Staff

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