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

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

Is PennantPark Floating Rate Capital a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street 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.
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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) issued its earnings results on Wednesday, November, 17th. The asset manager reported $0.28 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The asset manager had revenue of $21.62 million for the quarter, compared to the consensus estimate 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 period last year, the company earned $0.27 EPS.
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 announced a monthly dividend on Thursday, May 5th. Shareholders of record on Wednesday, May 18th will be paid a dividend of $0.095 per share on Wednesday, June 1st. This represents a $1.14 annualized dividend and a yield of 9.34%. 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 9.30%. 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 shares. Their forecasts range from $13.00 to $13.50. On average, they expect PennantPark Floating Rate Capital's share price to reach $13.25 in the next year. This suggests a possible upside of 8.5% from the stock's current price.
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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

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

Some companies that are related to PennantPark Floating Rate Capital include Sixth Street Specialty Lending (TSLX), Fairfax India (FFXDF), New Mountain Finance (NMFC), Capital Southwest (CSWC), Gladstone Investment (GAIN), PennantPark Investment (PNNT), TriplePoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), Portman Ridge Finance (PTMN), OFS Capital (OFS), Elron Ventures (ELRNF), First Eagle Alternative Capital BDC (FCRD), TAAT Global Alternatives (TOBAF), Investcorp Credit Management BDC (ICMB) and 180 Degree Capital (TURN).
View all of PFLT's 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), 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 many different institutional and retail investors. Top institutional shareholders 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 institutional 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 institutional investors are buying PennantPark Floating Rate Capital stock?

PFLT stock was purchased 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, Sound Income Strategies LLC, Wambolt & Associates LLC, Merit Financial Group LLC, and Crescent Grove Advisors 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.
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What is PennantPark Floating Rate Capital's stock price today?

One share of PFLT stock can currently be purchased for approximately $12.21.

How much money does PennantPark Floating Rate Capital make?

PennantPark Floating Rate Capital has a market capitalization of $504.43 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.