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

$5.53
+0.25 (+4.73 %)
(As of 03/29/2020 04:00 PM ET)
Today's Range
$5.02
Now: $5.53
$5.65
50-Day Range
$3.75
MA: $9.93
$12.67
52-Week Range
$3.34
Now: $5.53
$13.42
Volume528,263 shs
Average Volume509,177 shs
Market Capitalization$214.40 million
P/E Ratio13.17
Dividend Yield21.59%
Beta0.78
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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Pennantpark Floating Rate Capital logo

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$1.19 per share
Book Value$12.98 per share

Profitability

Net Income$11.42 million

Miscellaneous

EmployeesN/A
Market Cap$214.40 million
Next Earnings Date5/13/2020 (Estimated)
OptionableOptionable

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

How has Pennantpark Floating Rate Capital's stock been impacted by COVID-19 (Coronavirus)?

Pennantpark Floating Rate Capital's stock was trading at $9.65 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, PFLT shares have decreased by 42.7% and is now trading at $5.53. View which stocks have been mosted impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Pennantpark Floating Rate Capital.

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, May 13th 2020. 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 quarterly earnings data on Wednesday, February, 5th. The asset manager reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. The asset manager had revenue of $24.64 million for the quarter, compared to analysts' expectations of $24.15 million. Pennantpark Floating Rate Capital had a net margin of 17.37% and a return on equity of 9.01%. 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 Tuesday, March 3rd. Investors of record on Wednesday, March 18th will be paid a dividend of $0.095 per share on Wednesday, April 1st. This represents a $1.14 dividend on an annualized basis and a yield of 20.61%. The ex-dividend date of this dividend is Tuesday, March 17th. View Pennantpark Floating Rate Capital's dividend history.

What price target have analysts set for PFLT?

4 Wall Street analysts have issued 1 year target prices for Pennantpark Floating Rate Capital's shares. 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 141.1% from the stock's current price. View analysts' price targets for Pennantpark Floating Rate Capital.

Has Pennantpark Floating Rate Capital been receiving favorable news coverage?

Media headlines about PFLT stock have been trending extremely negative recently, InfoTrie Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -4.0 on InfoTrie's scale. They also assigned media stories about the asset manager a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the stock's share price in the near term. View the latest news aboutPennantpark Floating Rate Capital.

Are investors shorting Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital saw a decrease in short interest in March. As of March 13th, there was short interest totaling 101,800 shares, a decrease of 42.6% from the February 27th total of 177,300 shares. Based on an average daily volume of 302,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the company 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), Oxford Lane Capital (OXLC), Gladstone Capital (GLAD), Gladstone Investment (GAIN), The Coca-Cola (KO), Main Street Capital (MAIN), Prospect Capital (PSEC), The Zweig Total Return Fund (ZTR) and Enterprise Products Partners (EPD).

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 & 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.

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 retail and institutional investors. Top institutional investors include Sound Income Strategies LLC (5.49%), LGT Capital Partners LTD. (2.44%), UBS Group AG (1.60%), Van ECK Associates Corp (1.18%), Pacific Ridge Capital Partners LLC (1.04%) and Virtus ETF Advisers LLC (0.92%). Company insiders that own Pennantpark Floating Rate Capital stock include Arthur H Penn, Aviv Efrat, Jeffrey Flug 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 Relative Value Partners Group LLC, Punch & Associates Investment Management Inc., Muzinich & Co. Inc., Janney Montgomery Scott LLC, Stifel Financial Corp, UBS Group AG, Advisors Asset Management Inc., and Confluence Investment Management LLC. View insider buying and selling activity for Pennantpark Floating Rate Capital.

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 Sound Income Strategies LLC, LGT Capital Partners LTD., Van ECK Associates Corp, Marshall Wace LLP, Oxford Asset Management LLP, Acadian Asset Management LLC, California Public Employees Retirement System, and Wealthspire Advisors L.P.. Company insiders that have bought Pennantpark Floating Rate Capital stock in the last two years include Arthur H Penn, Aviv Efrat, Jeffrey Flug, and Samuel L Katz. View insider buying and selling activity 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 $5.53.

How big of a company is Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital has a market capitalization of $214.40 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:  1.8 out of 5 (star)
Outperform Votes:  229 (Vote Outperform)
Underperform Votes:  416 (Vote Underperform)
Total Votes:  645
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 3/29/2020 by MarketBeat.com Staff

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