About PennantPark Floating Rate Capital (NASDAQ:PFLT)
PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies. It provides first lien secured debt and other opportunistic financings (senior notes, second lien, mezzanine, private high yield debt, and preferred and common stock) to middle market sponsors and companies. Its investments may include equity features, such as direct investments in the equity securities of borrowers or warrants or options to buy a minority interest in a portfolio company. It has investments in various sectors, including aerospace and defense; consumer services; healthcare and pharmaceuticals, and others. Its investment activities are managed by the investment advisor, PennantPark Investment Advisers, LLC.
Industry, Sector and Symbol:
- Current Ratio: 0.17%
- Quick Ratio: 0.17%
Sales & Book Value:
- Trailing P/E Ratio: 12.63
- Forward P/E Ratio: 12.11
- Annual Sales: $46.3 million
- Price / Sales: 9.69
- Cash Flow: $0.62 per share
- Price / Cash: 22.42
- Book Value: N/A
- Price / Book: N/A
- Annual Dividend: $1.14
- Dividend Yield: 8.3%
- Trailing EPS: $1.46
- Net Income: $33.49 million
- Net Margins: 73.28%
- Return on Equity: 7.26%
- Return on Assets: 4.15%
- Outstanding Shares: 32,480,000
Frequently Asked Questions for PennantPark Floating Rate Capital (NASDAQ:PFLT)
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, November 2nd. Shareholders of record on Friday, November 17th will be given a dividend of $0.095 per share on Friday, December 1st. This represents a $1.14 annualized dividend and a yield of 8.25%. The ex-dividend date of this dividend is Thursday, November 16th. 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) issued its earnings results on Tuesday, August, 8th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.03. The asset manager earned $15.19 million during the quarter, compared to the consensus estimate of $15.17 million. PennantPark Floating Rate Capital had a net margin of 73.28% and a return on equity of 7.26%. View PennantPark Floating Rate Capital's Earnings History.
When will PennantPark Floating Rate Capital make its next earnings announcement?
Where is PennantPark Floating Rate Capital's stock going? Where will PennantPark Floating Rate Capital's stock price be in 2017?
5 brokers have issued 12 month price objectives for PennantPark Floating Rate Capital's shares. Their predictions range from $14.00 to $16.00. On average, they expect PennantPark Floating Rate Capital's share price to reach $14.90 in the next twelve months. View Analyst Ratings for PennantPark Floating Rate Capital.
Who are some of PennantPark Floating Rate Capital's key competitors?
Some companies that are related to PennantPark Floating Rate Capital include Invesco California Value Municipal Income Trust (VCV), Eaton Vance Floating-Rate Income Trust (EFT), PennantPark Investment Corporation (PNNT), BlackRock Capital Investment Corporation (BKCC), Foresight Solar Fund Ltd (FSFL), Triangle Capital Corporation (TCAP), Clearbridge Energy MLP Total Return Fund (CTR), MFS Charter Income Trust (MCR), Fidus Investment Corporation (FDUS), Carador Income Fund PLC (CIFU), Goldman Sachs MLP Income Opportunities Fund (GMZ), Gladstone Investment Corporation (GAIN), Eagle Point Credit Company (ECC), TICC Capital Corp. (TICC), Medley Capital Corporation (MCC), THL Credit (TCRD), Solar Senior Capital (SUNS) and WhiteHorse Finance (WHF).
Who owns PennantPark Floating Rate Capital stock?
PennantPark Floating Rate Capital's stock is owned by many different of institutional and retail investors. Top institutional investors include Janney Montgomery Scott LLC (1.51%), Advisors Asset Management Inc. (1.07%), Ladenburg Thalmann Financial Services Inc. (1.01%), Relative Value Partners Group LLC (0.80%), Van ECK Associates Corp (0.76%) and Stifel Financial Corp (0.50%). View Institutional Ownership Trends for PennantPark Floating Rate Capital.
Who sold PennantPark Floating Rate Capital stock? Who is selling PennantPark Floating Rate Capital stock?
Who bought PennantPark Floating Rate Capital stock? Who is buying PennantPark Floating Rate Capital stock?
PennantPark Floating Rate Capital's stock was bought by a variety of institutional investors in the last quarter, including Stifel Financial Corp, Janney Montgomery Scott LLC, Macquarie Group Ltd., Ladenburg Thalmann Financial Services Inc., Nine Chapters Capital Management LLC, JPMorgan Chase & Co., Advisors Asset Management Inc. and AllSquare Wealth Management LLC. View Insider Buying and Selling for PennantPark Floating Rate Capital.
How do I buy PennantPark Floating Rate Capital stock?
Shares of PennantPark Floating Rate Capital 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, Scottrade, Fidelity and Charles Schwab.
What is PennantPark Floating Rate Capital's stock price today?
One share of PennantPark Floating Rate Capital stock can currently be purchased for approximately $13.81.
How big of a company is PennantPark Floating Rate Capital?
PennantPark Floating Rate Capital has a market capitalization of $449.85 million and generates $46.3 million in revenue each year. The asset manager earns $33.49 million in net income (profit) each year or $1.46 on an earnings per share basis.
How can I contact PennantPark Floating Rate Capital?
MarketBeat Community Rating for PennantPark Floating Rate Capital (NASDAQ PFLT)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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
PennantPark Floating Rate Capital's mailing address is 590 Madison Ave Fl 15, NEW YORK, NY 10022, United States. The asset manager can be reached via phone at +1-212-9051000 or via email at [email protected]
Analysts' Consensus Ratings for PennantPark Floating Rate Capital (NASDAQ:PFLT) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||0 Sell Ratings, 1 Hold Rating, 4 Buy Ratings, 0 Strong Buy Ratings|
|Consensus Rating:||Buy (Score: 2.80)|
|Consensus Price Target: ||$14.90 (7.89% upside)|Consensus Price Target History for PennantPark Floating Rate Capital (NASDAQ:PFLT)
Analysts' Ratings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)
(Data available from 11/17/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/5/2017||Keefe, Bruyette & Woods||Set Price Target||Buy||$16.00||N/A|
|8/9/2017||Maxim Group||Reiterated Rating||Buy||$14.75||Low|
|5/11/2017||Ladenburg Thalmann Financial Services||Upgrade||Neutral -> Buy||$14.75||Low|
|3/10/2017||SunTrust Banks, Inc.||Initiated Coverage||Buy -> Buy||$15.00||Medium|
|12/20/2016||Janney Montgomery Scott||Initiated Coverage||Neutral||$14.00||N/A|
|2/9/2016||JMP Securities||Lower Price Target||Market Outperform||$14.00||N/A|
Earnings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)Earnings History by Quarter for PennantPark Floating Rate Capital (NASDAQ PFLT)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|8/8/2017||Q3 2017||$0.28||$0.25||$15.17 million||$15.19 million||View||Listen|
|5/9/2017||Q2 2017||$0.28||$0.27||$14.43 million||$13.22 million||View||N/A|
|2/9/2017||Q117||$0.27||$0.26||$13.26 million||$12.63 million||View||Listen|
|2/4/2016||Q116||$0.21||$0.22||$8.68 million||$8.76 million||View||N/A|
|11/12/2015||Q415||$0.28||$0.26||$8.06 million||$7.79 million||View||Listen|
|8/6/2015||Q212||$0.30||$0.28||$7.38 million||$7.10 million||View||N/A|
|8/6/2014||$0.29||$0.29||$8.15 million||$7.67 million||View||N/A|
|5/8/2014||$0.29||$0.25||$7.60 million||$7.62 million||View||N/A|
Earnings Estimates for PennantPark Floating Rate Capital (NASDAQ:PFLT)
2017 EPS Consensus Estimate: $0.62
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for PennantPark Floating Rate Capital (NASDAQ:PFLT)
|Payout Ratio:||78.08% (Trailing 12 Months of Earnings) |
100.00% (Based on This Year's Estimates)
96.61% (Based on Next Year's Estimates)
Dividend History by Quarter for PennantPark Floating Rate Capital (NASDAQ PFLT)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for PennantPark Floating Rate Capital (NASDAQ PFLT)
Insider Ownership Percentage: 1.20%Insider Trades by Quarter for PennantPark Floating Rate Capital (NASDAQ PFLT)
Institutional Ownership Percentage: 30.48%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|2/11/2016||Samuel L Katz||Director||Buy||4,140||$10.50||$43,470.00|| |
|2/9/2016||Samuel L Katz||Director||Buy||5,860||$10.52||$61,647.20|| |
|9/4/2015||Samuel L Katz||Director||Buy||20,000||$12.23||$244,600.00|| |
|8/31/2015||Jeffrey Flug||Director||Buy||7,500||$12.11||$90,825.00|| |
|8/26/2015||Samuel L Katz||Director||Buy||7,482||$12.00||$89,784.00|| |
|8/20/2015||Aviv Efrat||CFO||Buy||15,000||$12.85||$192,750.00|| |
|8/26/2014||Samuel L Katz||Director||Buy||7,969||$14.16||$112,841.04|| |
|8/22/2014||Samuel L Katz||Director||Buy||2,031||$14.03||$28,494.93|| |
|5/22/2013||Aviv Efrat||CFO||Buy||8,000||$14.45||$115,600.00|| |
|3/21/2013||Samuel L Katz||Director||Buy||30,000||$14.00||$420,000.00|| |
Headline Trends for PennantPark Floating Rate Capital (NASDAQ:PFLT)
Latest Headlines for PennantPark Floating Rate Capital (NASDAQ PFLT)
PennantPark Floating Rate Capital (NASDAQ PFLT) Chart for Friday, November, 17, 2017