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NASDAQ:PFLT

PennantPark Floating Rate Capital (PFLT) Stock Forecast, Price & News

$11.51
+0.13 (+1.14%)
(As of 05/23/2022 12:49 PM ET)
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Compare
Today's Range
$11.38
$11.60
50-Day Range
$11.38
$14.20
52-Week Range
$11.19
$14.38
Volume
1,050 shs
Average Volume
307,867 shs
Market Capitalization
$475.51 million
P/E Ratio
11.07
Dividend Yield
10.02%
Beta
1.73
30 days | 90 days | 365 days | Advanced Chart
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PennantPark Floating Rate Capital logo

About PennantPark Floating Rate Capital

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-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PFLT
Employees
N/A
Year Founded
N/A

Sales & Book Value

Annual Sales
$82.69 million
Cash Flow
$0.23 per share
Book Value
$12.59 per share

Profitability

Net Income
$56.52 million
Pretax Margin
43.20%

Debt

Price-To-Earnings

Miscellaneous

Free Float
40,900,000
Market Cap
$475.51 million
Optionable
Optionable

Company Calendar

Last Earnings
11/17/2021
Ex-Dividend for 5/2 Dividend
4/14/2022
Dividend Payable
5/02/2022
Ex-Dividend for 6/1 Dividend
5/17/2022
Today
5/23/2022
Dividend Payable
6/01/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
9/30/2022

MarketRank

Overall MarketRank

1.55 out of 5 stars

Finance Sector

957th out of 1,349 stocks

Investors, Not Elsewhere Classified Industry

16th out of 28 stocks

Analyst Opinion: 2.0Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -













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

Is PennantPark Floating Rate Capital a buy right now?

2 Wall Street equities 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 equities 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.

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) posted its earnings results on Wednesday, November, 17th. The asset manager reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The asset manager had revenue of $21.62 million for the quarter, compared to analyst estimates of $21.31 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 8.97% and a net margin of 43.20%. During the same quarter in the prior year, the business earned $0.27 earnings per share.
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 Thursday, May 5th. Shareholders of record on Wednesday, May 18th will be given a dividend of $0.095 per share on Wednesday, June 1st. This represents a $1.14 dividend on an annualized basis and a yield of 9.90%. The ex-dividend date is Tuesday, May 17th.
View PennantPark Floating Rate Capital's dividend history
.

Is PennantPark Floating Rate Capital a good dividend stock?

PennantPark Floating Rate Capital pays an annual dividend of $1.14 per share and currently has a dividend yield of 10.02%. 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.

What price target have analysts set for PFLT?

2 analysts have issued twelve-month price objectives for PennantPark Floating Rate Capital's stock. Their forecasts range from $13.00 to $13.50. On average, they expect PennantPark Floating Rate Capital's stock price to reach $13.25 in the next twelve months. This suggests a possible upside of 15.1% from the stock's current price.
View analysts' price targets for PennantPark Floating Rate Capital
or view top-rated stocks among Wall Street analysts.

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. Guy Francis Talarico J.D., Chief Compliance Officer (Age 67)
  • Mr. Jose A. Briones Jr., Partner
  • Mr. P. Whitridge Williams Jr., Partner
  • Mr. Thomas J. Friedmann Esq., Sec.
  • Mr. Salvatore Giannetti III, Partner
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 a variety of institutional and retail investors. Top institutional investors 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%).
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 BlackRock Inc., Sumitomo Mitsui Trust Holdings Inc., Muzinich & Co. Inc., Advisor Group Holdings Inc., Hennion & Walsh Asset Management Inc., PFG Advisors, Simplex Trading LLC, and Raymond James & Associates.
View insider buying and selling activity for PennantPark Floating Rate Capital
or view top insider-selling stocks.

Which major investors are buying PennantPark Floating Rate Capital stock?

PFLT stock was acquired 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 $11.51.

How much money does PennantPark Floating Rate Capital make?

PennantPark Floating Rate Capital has a market capitalization of $475.51 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.

What is PennantPark Floating Rate Capital's official website?

The official website for PennantPark Floating Rate Capital is 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, via email at [email protected], or via fax at 212-905-1075.

This page was last updated on 5/23/2022 by MarketBeat.com Staff

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