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

$12.48
+0.03 (+0.24 %)
(As of 12/6/2019 04:00 PM ET)
Today's Range
$12.44
Now: $12.48
$12.53
50-Day Range
$11.45
MA: $11.80
$12.56
52-Week Range
$11.05
Now: $12.48
$13.42
Volume282,379 shs
Average Volume142,201 shs
Market Capitalization$483.87 million
P/E Ratio10.67
Dividend Yield9.16%
Beta0.75
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. Read More…

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$92.95 million
Cash Flow$1.13 per share
Book Value$12.98 per share

Profitability

Net Income$11.42 million

Miscellaneous

EmployeesN/A
Market Cap$483.87 million
Next Earnings Date2/5/2020 (Estimated)
OptionableOptionable

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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 declared a monthly dividend on Thursday, December 5th. Stockholders of record on Thursday, December 19th will be paid a dividend of $0.095 per share on Thursday, January 2nd. This represents a $1.14 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Wednesday, December 18th. 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) released its earnings results on Wednesday, November, 20th. The asset manager reported $0.29 EPS for the quarter, hitting the Zacks' consensus estimate of $0.29. The asset manager earned $23.88 million during the quarter, compared to the consensus estimate of $23.53 million. Pennantpark Floating Rate Capital had a return on equity of 8.97% and a net margin of 12.28%. 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 5th 2020. View Earnings Estimates for Pennantpark Floating Rate Capital.

What price target have analysts set for PFLT?

4 analysts have issued 12-month price objectives for Pennantpark Floating Rate Capital's stock. Their forecasts range from $13.00 to $14.00. On average, they anticipate Pennantpark Floating Rate Capital's stock price to reach $13.33 in the next year. This suggests a possible upside of 6.8% 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?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennantpark Floating Rate Capital in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Pennantpark Floating Rate Capital.

Has Pennantpark Floating Rate Capital been receiving favorable news coverage?

Media coverage about PFLT stock has been trending negative this week, InfoTrie reports. InfoTrie ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Pennantpark Floating Rate Capital earned a media sentiment score of -2.6 on InfoTrie's scale. They also gave news headlines about the asset manager a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the near term. View News Stories for Pennantpark Floating Rate Capital.

Are investors shorting Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital saw a drop in short interest in November. As of November 15th, there was short interest totalling 186,600 shares, a drop of 11.0% from the October 31st total of 209,700 shares. Based on an average daily volume of 124,400 shares, the days-to-cover ratio is currently 1.5 days. Approximately 0.5% of the shares of the stock are short sold. View Pennantpark Floating Rate Capital's Current Options Chain.

Who are some of Pennantpark Floating Rate Capital's key 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), Gladstone Investment (GAIN), The Coca-Cola (KO), Oxford Lane Capital (OXLC), The Zweig Total Return Fund (ZTR), Main Street Capital (MAIN), Gladstone Commercial (GOOD) and Philip Morris International (PM).

Who are Pennantpark Floating Rate Capital's key executives?

Pennantpark Floating Rate Capital's management team includes the folowing people:
  • Mr. Arthur Howard Penn, Founder, Chairman & 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 institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (4.82%), LGT Capital Partners LTD. (2.13%), Janney Montgomery Scott LLC (1.06%), Pin Oak Investment Advisors Inc. (0.62%), Confluence Investment Management LLC (0.45%) and PFG Advisors (0.38%). Company insiders that own Pennantpark Floating Rate Capital stock include Arthur H Penn, Aviv Efrat 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 LGT Capital Partners LTD., Resource America Inc., Stifel Financial Corp, Janney Montgomery Scott LLC, Wedbush Securities Inc., Taylor Frigon Capital Management LLC, Wambolt & Associates LLC and NEXT Financial Group Inc. 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 Sound Income Strategies LLC, Millennium Management LLC, Ancora Advisors LLC, PVG Asset Management Corp, Rational Advisors LLC, Envestnet Asset Management Inc., Commonwealth Equity Services LLC and First Allied Advisory Services Inc.. Company insiders that have bought Pennantpark Floating Rate Capital stock in the last two years include Arthur H Penn, Aviv Efrat 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, Robinhood, 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 $12.48.

How big of a company is Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital has a market capitalization of $483.87 million and generates $92.95 million in revenue each year. The asset manager earns $11.42 million in net income (profit) each year or $1.17 on an earnings per share basis. View Additional Information About Pennantpark Floating Rate Capital.

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:  1.9 out of 5 (star)
Outperform Votes:  220 (Vote Outperform)
Underperform Votes:  353 (Vote Underperform)
Total Votes:  573
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 12/7/2019 by MarketBeat.com Staff

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