NASDAQ:PFLT Pennantpark Floating Rate Capital Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Pennantpark Floating Rate Capital Ltd Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.20 +0.22 (+2.76 %) (As of 09/25/2020 12:00 AM ET) Add Compare Share Today's Range$8.00Now: $8.20▼$8.2550-Day Range$7.98MA: $8.50▼$8.8252-Week Range$3.34Now: $8.20▼$12.67Volume253,468 shsAverage Volume251,699 shsMarket Capitalization$317.91 millionP/E Ratio37.27Dividend Yield14.29%Beta1.78 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingPennantpark Floating Rate Capital has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.25, Pennantpark Floating Rate Capital has a forecasted upside of 49.4% from its current price of $8.20.Amount of Analyst CoveragePennantpark Floating Rate Capital has only been the subject of 1 research reports in the past 90 days. Previous Next 1.8 Community Rank Outperform VotesPennantpark Floating Rate Capital has received 241 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPennantpark Floating Rate Capital has received 441 “underperform” votes. (Add your “underperform” vote.)Community SentimentPennantpark Floating Rate Capital has received 64.66% “underperform” votes from our community.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. Previous Next 1.7 Dividend Strength Dividend LeadershipPennantpark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 14.29%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantpark Floating Rate Capital has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of Pennantpark Floating Rate Capital is 97.44%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Pennantpark Floating Rate Capital will have a dividend payout ratio of 108.57% in the coming year. This indicates that Pennantpark Floating Rate Capital may not be able to sustain their current dividend. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pennantpark Floating Rate Capital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of Pennantpark Floating Rate Capital is held by insiders.Percentage Held by InstitutionsOnly 32.01% of the stock of Pennantpark Floating Rate Capital is held by institutions. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Pennantpark Floating Rate Capital are expected to decrease by -5.41% in the coming year, from $1.11 to $1.05 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pennantpark Floating Rate Capital is 37.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Pennantpark Floating Rate Capital is 37.27, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 17.23.Price to Book Value per Share RatioPennantpark Floating Rate Capital has a P/B Ratio of 0.63. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.47 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investors, not elsewhere classified Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:PFLT Previous Symbol CUSIPN/A CIK1504619 Webwww.pennantpark.com Phone212-905-1000Debt Debt-to-Equity Ratio0.48 Current Ratio0.12 Quick Ratio0.12Price-To-Earnings Trailing P/E Ratio37.27 Forward P/E Ratio7.39 P/E GrowthN/A Sales & Book Value Annual Sales$92.95 million Price / Sales3.42 Cash Flow$1.08 per share Price / Cash Flow7.60 Book Value$12.98 per share Price / Book0.63Profitability EPS (Most Recent Fiscal Year)$1.17 Net Income$11.42 million Net Margins9.02% Return on Equity9.14% Return on Assets3.67%Miscellaneous EmployeesN/A Outstanding Shares38,770,000Market Cap$317.91 million Next Earnings Date11/18/2020 (Estimated) OptionableOptionable $8.20 +0.22 (+2.76 %) (As of 09/25/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive PFLT News and Ratings via Email Sign-up to receive the latest news and ratings for PFLT and its competitors with MarketBeat's FREE daily newsletter. 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, PFLT shares have decreased by 15.0% and is now trading at $8.20. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of Pennantpark Floating Rate Capital? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennantpark Floating Rate Capital in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." 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, November 18th 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) issued its quarterly earnings data on Wednesday, August, 5th. The asset manager reported $0.26 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.28 by $0.02. The asset manager earned $22.77 million during the quarter, compared to analyst estimates of $25.46 million. Pennantpark Floating Rate Capital had a return on equity of 9.14% and a net margin of 9.02%. 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 Wednesday, September 2nd. Stockholders of record on Thursday, September 17th will be given a dividend of $0.095 per share on Thursday, October 1st. This represents a $1.14 annualized dividend and a yield of 13.90%. The ex-dividend date is Wednesday, September 16th. View Pennantpark Floating Rate Capital's dividend history. What price target have analysts set for PFLT? 2 equities research analysts have issued 12 month price objectives for Pennantpark Floating Rate Capital's stock. Their forecasts range from $10.50 to $14.00. On average, they expect Pennantpark Floating Rate Capital's stock price to reach $12.25 in the next year. This suggests a possible upside of 49.4% from the stock's current price. View analysts' price targets for Pennantpark Floating Rate Capital. Are investors shorting Pennantpark Floating Rate Capital? Pennantpark Floating Rate Capital saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 212,700 shares, an increase of 19.1% from the August 31st total of 178,600 shares. Based on an average daily trading volume, of 163,700 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the company's shares are sold short. View Pennantpark Floating Rate Capital's Short Interest. Who are some of Pennantpark Floating Rate Capital's key competitors? Some companies that are related to Pennantpark Floating Rate Capital include TPG Specialty Lending (TSLX), Fairfax Financial (FFXDF), New Mountain Finance (NMFC), New Mountain Finance (NMFC), Triplepoint Venture Growth BDC (TPVG), Gladstone Investment (GAIN), Capital Southwest (CSWC), PennantPark Investment (PNNT), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), Allied Minds (ALLWF), Safeguard Scientifics (SFE), THL Credit (TCRD), THL Credit (FCRD) and Elron Electronic Industries (ELRNF). View all 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). 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., PartnerMr. P. Whitridge Williams Jr., J.D., PartnerMr. 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 a number of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (5.43%), Pacific Ridge Capital Partners LLC (1.17%), Two Sigma Advisers LP (0.76%), B. Riley Wealth Management Inc. (0.75%), Advisor Group Holdings Inc. (0.70%) and West Family Investments Inc. (0.60%). Company insiders that own Pennantpark Floating Rate Capital stock include Adam K Bernstein, Arthur H Penn, Aviv Efrat, Jeffrey Flug and Samuel L Katz. 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 Janney Montgomery Scott LLC, Virtus ETF Advisers LLC, Sound Income Strategies LLC, Advisor Group Holdings Inc., Confluence Investment Management LLC, West Family Investments Inc., Corbyn Investment Management Inc. MD, and Advisors Asset Management Inc.. View insider buying and selling activity for Pennantpark Floating Rate Capital. Which institutional investors are buying Pennantpark Floating Rate Capital stock? PFLT stock was bought by a variety of institutional investors in the last quarter, including Pacific Ridge Capital Partners LLC, Taylor Frigon Capital Management LLC, California Public Employees Retirement System, AE Wealth Management LLC, Aigen Investment Management LP, HighTower Advisors LLC, Mckinley Capital Management LLC Delaware, and Lineweaver Wealth Advisors LLC. Company insiders that have bought Pennantpark Floating Rate Capital stock in the last two years include Adam K Bernstein, 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 $8.20. How big of a company is Pennantpark Floating Rate Capital? Pennantpark Floating Rate Capital has a market capitalization of $317.91 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. 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 or via email at [email protected] This page was last updated on 9/27/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here Questions? Get Started with MarketBeat — Read Your Daily NewsletterCheck Out My MarketBeatWatch Our Tutorial VideosAdd a Stock to Your WatchlistSet Up an Instant AlertView a Company's Profile PageView Our Financial CalendarsView Today's Analyst Ratings
