About PennantPark Floating Rate (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
Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
SymbolNASDAQ:PFLT
CUSIPN/A
Phone212-905-1000
Debt
Debt-to-Equity RatioN/A
Current Ratio0.38%
Quick Ratio0.38%
Price-To-Earnings
Trailing P/E Ratio12.19
Forward P/E Ratio18.12
P/E GrowthN/A
Sales & Book Value
Annual Sales$59.50 million
Price / Sales8.74
Cash Flow$0.9739 per share
Price / Cash13.77
Book Value$14.10 per share
Price / Book0.95
Profitability
EPS (Most Recent Fiscal Year)$1.10
Net Income$36.32 million
Net Margins47.64%
Return on Equity7.49%
Return on Assets4.48%
Miscellaneous
EmployeesN/A
Outstanding Shares38,770,000
PennantPark Floating Rate (NASDAQ:PFLT) Frequently Asked Questions
What is PennantPark Floating Rate's stock symbol?
PennantPark Floating Rate trades on the NASDAQ under the ticker symbol "PFLT."
How often does PennantPark Floating Rate pay dividends? What is the dividend yield for PennantPark Floating Rate?
PennantPark Floating Rate declared a monthly dividend on Friday, April 6th. Investors of record on Tuesday, April 17th will be paid a dividend of $0.095 per share on Tuesday, May 1st. This represents a $1.14 annualized dividend and a yield of 8.50%. The ex-dividend date of this dividend is Monday, April 16th. View PennantPark Floating Rate's Dividend History.
How were PennantPark Floating Rate's earnings last quarter?
PennantPark Floating Rate (NASDAQ:PFLT) posted its quarterly earnings results on Thursday, February, 8th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.01. The asset manager had revenue of $14.84 million for the quarter, compared to analysts' expectations of $15.29 million. PennantPark Floating Rate had a return on equity of 7.49% and a net margin of 47.64%. The firm's quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. View PennantPark Floating Rate's Earnings History.
When is PennantPark Floating Rate's next earnings date?
What price target have analysts set for PFLT?
3 brokers have issued twelve-month target prices for PennantPark Floating Rate's shares. Their forecasts range from $14.00 to $15.00. On average, they anticipate PennantPark Floating Rate's share price to reach $14.5833 in the next year. View Analyst Ratings for PennantPark Floating Rate.
What are Wall Street analysts saying about PennantPark Floating Rate stock?
Here are some recent quotes from research analysts about PennantPark Floating Rate stock:
- 1. According to Zacks Investment Research, "PennantPark Floating Rate Capital Ltd. is a business development company. It 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. The firm provides first lien secured debt and other opportunistic financings (mezzanine, private high yield debt, 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. The firm has a value-oriented, bottoms-up investment philosophy. Its investment activities are managed by the investment advisor, PennantPark Investment Advisers LLC. " (4/17/2018)
- 2. Maxim Group analysts commented, "PFLT reported F4Q17 EPS of $0.33 (including $0.07 of non-recurring gains due to a litigation settlement), versus its dividend of $0.285, so NAV was up 0.4%." (12/1/2017)
Who are some of PennantPark Floating Rate's key competitors?
Some companies that are related to PennantPark Floating Rate include New Mountain Finance (NMFC), PennantPark Investment (PNNT), Gladstone Investment (GAIN), Arlington Asset Investment (AI), Capital Southwest (CSWC), Thl Credit (TCRD), Safeguard Scientifics (SFE), Oaktree Strategic Income (OCSI), TriplePoint Venture Growth BDC (TPVG), Stellus Capital Inv (SCM), OFS Capital (OFS), Garrison Capital (GARS), Capitala Finance (CPTA), Kohlberg Capital (KCAP), American Capital (ACSF), CM Finance (CMFN) and Live Ventures (LIVE).
Has PennantPark Floating Rate been receiving favorable news coverage?
Media coverage about PFLT stock has trended somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennantPark Floating Rate earned a news sentiment score of 0.14 on Accern's scale. They also gave media coverage about the asset manager an impact score of 46.76 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the next few days.
How do I buy shares of PennantPark Floating Rate?
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, Scottrade, Fidelity and Charles Schwab.
What is PennantPark Floating Rate's stock price today?
One share of PFLT stock can currently be purchased for approximately $13.41.
How big of a company is PennantPark Floating Rate?
PennantPark Floating Rate has a market capitalization of $521.10 million and generates $59.50 million in revenue each year. The asset manager earns $36.32 million in net income (profit) each year or $1.10 on an earnings per share basis.
How can I contact PennantPark Floating Rate?
PennantPark Floating Rate'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 (PFLT)
MarketBeat's community ratings are surveys of what our community members think about PennantPark Floating Rate 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.
PennantPark Floating Rate (NASDAQ:PFLT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's 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's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for PennantPark Floating Rate in the last 12 months. Their average twelve-month price target is $14.5833, suggesting that the stock has a possible upside of 8.75%. The high price target for PFLT is $15.00 and the low price target for PFLT is $14.00. There are currently 3 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 2.80 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $14.5833 | $14.5833 | $15.1250 | $14.90 |
| Price Target Upside: | 8.75% upside | 19.63% upside | 8.11% upside | 2.19% upside |
PennantPark Floating Rate (NASDAQ:PFLT) Consensus Price Target History
PennantPark Floating Rate (NASDAQ:PFLT) Analyst Ratings History
Show:
(Data available from 4/21/2016 forward)
PennantPark Floating Rate (NASDAQ:PFLT) Dividend Information
PennantPark Floating Rate pays an annual dividend of $1.14 per share, with a dividend yield of 8.50%. PFLT's next monthly dividend payment will be made on Tuesday, May 1. PennantPark Floating Rate pays out 103.64% of its earnings out as a dividend.
| Next Dividend: | 5/1/2018 |
| Annual Dividend: | $1.14 |
| Dividend Yield: | 8.50% |
| Payout Ratio: | 103.64% (Trailing 12 Months of Earnings)
154.05% (Based on This Year's Estimates)
100.88% (Based on Next Year's Estimates)
|
PennantPark Floating Rate (NASDAQ:PFLT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/6/2018 | monthly | $0.0950 | 8.62% | 4/16/2018 | 4/17/2018 | 5/1/2018 |
| 3/5/2018 | Monthly | $0.0950 | 8.97% | 3/16/2018 | 3/19/2018 | 4/2/2018 |
| 2/7/2018 | monthly | $0.0950 | 8.53% | 2/15/2018 | 2/16/2018 | 3/1/2018 |
| 1/8/2018 | monthly | $0.0950 | 8.36% | 1/17/2018 | 1/18/2018 | 2/1/2018 |
| 12/5/2017 | monthly | $0.0950 | 8.23% | 12/22/2017 | 12/26/2017 | 1/2/2018 |
| 11/2/2017 | Monthly | $0.0950 | 8.23% | 11/16/2017 | 11/17/2017 | 12/1/2017 |
| 10/5/2017 | monthly | $0.0950 | 7.82% | 10/18/2017 | 10/19/2017 | 11/1/2017 |
| 9/7/2017 | monthly | $0.0950 | 8.05% | 9/19/2017 | 9/20/2017 | 10/2/2017 |
| 8/3/2017 | monthly | $0.0950 | 8.01% | 8/16/2017 | 8/18/2017 | 9/1/2017 |
| 7/6/2017 | monthly | $0.0950 | 7.99% | 7/18/2017 | 7/20/2017 | 8/1/2017 |
| 6/5/2017 | monthly | $0.0950 | 8.07% | 6/19/2017 | 6/21/2017 | 7/3/2017 |
| 5/3/2017 | monthly | $0.0950 | 8.29% | 5/17/2017 | 5/19/2017 | 6/1/2017 |
| 4/5/2017 | monthly | $0.0950 | 8.3% | 4/17/2017 | 4/19/2017 | 5/1/2017 |
| 3/3/2017 | monthly | $0.0950 | 8.26% | 3/20/2017 | 3/22/2017 | 4/3/2017 |
| 2/3/2017 | monthly | $0.0950 | 8.11% | 2/15/2017 | 2/17/2017 | 3/1/2017 |
| 1/5/2017 | monthly | $0.0950 | 8.05% | 1/18/2017 | 1/20/2017 | 2/1/2017 |
| 12/5/2016 | | $0.0950 | | 12/20/2016 | 12/22/2016 | 1/3/2017 |
| 11/4/2016 | | $0.0950 | | 11/16/2016 | 11/18/2016 | 12/1/2016 |
| 10/5/2016 | | $0.0950 | | 10/18/2016 | 10/20/2016 | 11/1/2016 |
| 9/6/2016 | | $0.0950 | | 9/19/2016 | 9/21/2016 | 10/3/2016 |
| 8/3/2016 | | $0.0950 | | 8/17/2016 | 8/19/2016 | 9/1/2016 |
| 7/6/2016 | | $0.0950 | | 7/18/2016 | 7/20/2016 | 8/1/2016 |
| 6/3/2016 | | $0.0950 | | 6/16/2016 | 6/20/2016 | 7/1/2016 |
| 5/4/2016 | | $0.0950 | | 5/18/2016 | 5/20/2016 | 6/1/2016 |
| 4/5/2016 | | $0.0950 | | 4/18/2016 | 4/20/2016 | 5/2/2016 |
| 3/3/2016 | | $0.0950 | | 3/16/2016 | 3/18/2016 | 4/1/2016 |
| 2/3/2016 | | $0.0950 | | 2/16/2016 | 2/18/2016 | 3/1/2016 |
| 1/6/2016 | | $0.0950 | | 1/15/2016 | 1/20/2016 | 2/1/2016 |
| 12/3/2015 | | $0.0950 | | 12/22/2015 | 12/24/2015 | 1/4/2016 |
| 11/4/2015 | | $0.0950 | | 11/17/2015 | 11/19/2015 | 12/1/2015 |
| 10/2/2015 | | $0.0950 | | 10/19/2015 | 10/21/2015 | 11/2/2015 |
| 9/2/2015 | | $0.0950 | | 9/17/2015 | 9/21/2015 | 10/1/2015 |
| 8/3/2015 | | $0.0950 | | 8/20/2015 | 8/24/2015 | 9/1/2015 |
| 7/6/2015 | monthly | $0.0950 | 8.14% | 7/20/2015 | 7/22/2015 | 8/3/2015 |
| 6/3/2015 | monthly | $0.0950 | 8.1% | 6/11/2015 | 6/15/2015 | 7/1/2015 |
| 5/5/2015 | monthly | $0.0950 | 8% | 5/18/2015 | 5/20/2015 | 6/1/2015 |
| 4/3/2015 | monthly | $0.0950 | 8.17% | 4/16/2015 | 4/20/2015 | 5/1/2015 |
| 3/6/2015 | monthly | $0.0950 | 8.18% | 3/18/2015 | 3/20/2015 | 4/1/2015 |
| 2/5/2015 | monthly | $0.09 | 8.07% | 2/13/2015 | 2/18/2015 | 3/2/2015 |
| 1/7/2015 | monthly | $0.09 | 7.64% | 1/16/2015 | 1/21/2015 | 2/2/2015 |
| 12/2/2014 | dec 14 | $0.09 | 7.63% | 12/17/2014 | 12/19/2014 | 1/2/2015 |
| 11/4/2014 | nov 14 | $0.09 | 7.61% | 11/17/2014 | 11/19/2014 | 12/1/2014 |
| 10/2/2014 | oct 14 | $0.09 | 7.79% | 10/20/2014 | 10/22/2014 | 11/3/2014 |
| 9/3/2014 | sep 14 | $0.09 | 7.54% | 9/24/2014 | 9/26/2014 | 10/1/2014 |
| 8/4/2014 | aug 14 | $0.09 | 7.71% | 8/18/2014 | 8/20/2014 | 9/2/2014 |
| 7/2/2014 | jul 14 | $0.09 | 7.64% | 7/16/2014 | 7/18/2014 | 8/1/2014 |
| 6/3/2014 | jun 14 | $0.09 | 7.85% | 6/17/2014 | 6/19/2014 | 7/1/2014 |
| 5/2/2014 | may 14 | $0.09 | 7.83% | 5/15/2014 | 5/19/2014 | 6/2/2014 |
| 4/4/2014 | monthly | $0.09 | 7.84% | 4/16/2014 | 4/21/2014 | 5/1/2014 |
| 3/4/2014 | mar 14 | $0.09 | 7.68% | 3/18/2014 | 3/20/2014 | 4/1/2014 |
| 2/5/2014 | monthly | $0.09 | 7.92% | 2/14/2014 | 2/19/2014 | 3/3/2014 |
| 2/4/2014 | feb 14 | $0.09 | | | 2/19/2014 | 3/3/2014 |
| 1/6/2014 | monthly | $0.09 | 7.84% | 1/17/2014 | 1/22/2014 | 2/3/2014 |
| 1/3/2014 | jan 14 | $0.09 | | | 1/22/2014 | 2/3/2014 |
| 12/4/2013 | monthly | $0.09 | 7.84% | 12/18/2013 | 12/20/2013 | 1/2/2014 |
| 12/3/2013 | dec 13 | $0.09 | | | 12/20/2013 | 1/2/2014 |
| 11/5/2013 | monthly | $0.09 | 8.19% | 11/18/2013 | 11/20/2013 | 12/2/2013 |
| 10/3/2013 | monthly | $0.0875 | 7.8% | 10/17/2013 | 10/21/2013 | 11/1/2013 |
| 10/2/2013 | oct 13 | $0.0875 | | | 10/21/2013 | 11/1/2013 |
| 9/5/2013 | monthly | $0.0875 | 7.9% | 9/18/2013 | 9/20/2013 | 10/1/2013 |
| 9/4/2013 | sep 13 | $0.0875 | | | 9/20/2013 | 10/1/2013 |
| 8/5/2013 | monthly | $0.0875 | 7.42% | 8/19/2013 | 8/21/2013 | 9/3/2013 |
| 8/2/2013 | aug 13 | $0.0875 | | | 8/21/2013 | 9/3/2013 |
| 7/2/2013 | monthly | $0.0875 | 7.4% | 7/17/2013 | 7/19/2013 | 8/1/2013 |
| 7/1/2013 | jul 13 | $0.0875 | | | 7/19/2013 | 8/1/2013 |
| 6/4/2013 | monthly | $0.0875 | 7.2% | 6/19/2013 | 6/21/2013 | 7/1/2013 |
| 6/3/2013 | jun 13 | $0.0875 | | | 6/21/2013 | 7/1/2013 |
| 5/2/2013 | monthly | $0.0875 | 7.39% | 5/16/2013 | 5/20/2013 | 6/3/2013 |
| 5/1/2013 | may 13 | $0.0875 | | | 5/20/2013 | 6/3/2013 |
| 4/2/2013 | monthly | $0.0875 | 7.53% | 4/17/2013 | 4/19/2013 | 5/1/2013 |
| 4/1/2013 | apr 13 | $0.0875 | | | 4/19/2013 | 5/1/2013 |
| 3/1/2013 | monthly | $0.0875 | 7.32% | 3/20/2013 | 3/22/2013 | 4/1/2013 |
| 2/1/2013 | monthly | $0.0850 | 7.72% | 2/14/2013 | 2/19/2013 | 3/1/2013 |
| 1/3/2013 | monthly | $0.0825 | 7.61% | 1/17/2013 | 1/22/2013 | 2/1/2013 |
(Data available from 1/1/2013 forward)
PennantPark Floating Rate (NASDAQ PFLT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.00%
Institutional Ownership Percentage: 31.64%
PennantPark Floating Rate (NASDAQ PFLT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/26/2018 | Samuel L Katz | Director | Buy | 17,000 | $12.64 | $214,880.00 | 136,800 |  |
| 2/14/2018 | Arthur H Penn | Insider | Buy | 9,000 | $12.98 | $116,820.00 | | |
| 2/12/2018 | Arthur H Penn | Insider | Buy | 10,000 | $12.57 | $125,700.00 | | |
| 2/11/2016 | Samuel L Katz | Director | Buy | 4,140 | $10.50 | $43,470.00 | 119,800 | |
| 2/9/2016 | Samuel L Katz | Director | Buy | 5,860 | $10.52 | $61,647.20 | 115,660 | |
| 9/4/2015 | Samuel L Katz | Director | Buy | 20,000 | $12.23 | $244,600.00 | 109,800 | |
| 8/31/2015 | Jeffrey Flug | Director | Buy | 7,500 | $12.11 | $90,825.00 | 1,500 | |
| 8/26/2015 | Samuel L Katz | Director | Buy | 7,482 | $12.00 | $89,784.00 | 79,500 | |
| 8/20/2015 | Aviv Efrat | CFO | Buy | 15,000 | $12.85 | $192,750.00 | 28,750 | |
| 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 | | |
(Data available from 1/1/2013 forward)
PennantPark Floating Rate (NASDAQ PFLT) News Headlines
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PennantPark Floating Rate (NASDAQ:PFLT) SEC Filings
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PennantPark Floating Rate (NASDAQ:PFLT) Income Statement, Balance Sheet and Cash Flow Statement
PennantPark Floating Rate (NASDAQ PFLT) Stock Chart for Saturday, April, 21, 2018
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