S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
S&P 500   3,841.47
DOW   30,996.98
QQQ   325.42
Log in
NASDAQ:PFLT

PennantPark Floating Rate Capital Stock Forecast, Price & News

$11.16
+0.02 (+0.18 %)
(As of 01/22/2021 12:00 AM ET)
Add
Compare
Today's Range
$11.04
Now: $11.16
$11.16
50-Day Range
$10.14
MA: $10.79
$11.56
52-Week Range
$3.34
Now: $11.16
$12.67
Volume103,594 shs
Average Volume216,951 shs
Market Capitalization$432.67 million
P/E Ratio23.75
Dividend Yield10.23%
Beta1.97
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.
PennantPark Floating Rate Capital logo

MarketRank

Overall MarketRank

1.21 out of 5 stars

Finance Sector

990th out of 1,934 stocks

Investors, Not Elsewhere Classified Industry

23rd out of 40 stocks

Analyst Opinion: 1.3Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:PFLT
CUSIPN/A
Phone212-905-1000
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$95.49 million
Cash Flow$1.38 per share
Book Value$12.31 per share

Profitability

Net Income$18.41 million

Miscellaneous

Market Cap$432.67 million
Next Earnings Date2/9/2021 (Confirmed)
OptionableOptionable
$11.16
+0.02 (+0.18 %)
(As of 01/22/2021 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.

speech bubbles
speech bubbles











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

How has PennantPark Floating Rate Capital's stock price been impacted by 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. Since then, PFLT shares have increased by 15.6% and is now trading at $11.16.
View which stocks have been most impacted by COVID-19
.

Is PennantPark Floating Rate Capital a buy right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" PennantPark Floating Rate Capital stock.
View analyst ratings for PennantPark Floating Rate Capital
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than PennantPark Floating Rate Capital?

Wall Street analysts have given PennantPark Floating Rate Capital a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but PennantPark Floating Rate Capital wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is PennantPark Floating Rate Capital's next earnings date?

PennantPark Floating Rate Capital is scheduled to release its next quarterly earnings announcement on Tuesday, February 9th 2021.
View our earnings forecast for PennantPark Floating Rate Capital
.

How can I listen to PennantPark Floating Rate Capital's earnings call?

PennantPark Floating Rate Capital will be holding an earnings conference call on Tuesday, February 9th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were PennantPark Floating Rate Capital's earnings last quarter?

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) posted its quarterly earnings data on Tuesday, November, 17th. The asset manager reported $0.27 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.26 by $0.01. The asset manager earned $21.76 million during the quarter, compared to the consensus estimate of $22.15 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 9.04% and a net margin of 19.28%.
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 Tuesday, January 5th. Stockholders of record on Tuesday, January 19th will be given a dividend of $0.095 per share on Monday, February 1st. This represents a $1.14 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date is Friday, January 15th.
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 10.23%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PennantPark Floating Rate Capital does not yet have a strock track record of dividend growth. The dividend payout ratio of PennantPark Floating Rate Capital is 101.79%. 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 105.56% 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?

3 brokerages have issued 1 year target prices for PennantPark Floating Rate Capital's shares. Their forecasts range from $10.50 to $10.50. On average, they anticipate PennantPark Floating Rate Capital's stock price to reach $10.50 in the next twelve months. This suggests that the stock has a possible downside of 5.9%.
View analysts' price targets for PennantPark Floating Rate Capital
or view Wall Street analyst' top-rated stocks.

Are investors shorting PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital saw a increase in short interest in the month of December. As of December 31st, there was short interest totaling 147,300 shares, an increase of 25.4% from the December 15th total of 117,500 shares. Based on an average daily volume of 208,700 shares, the short-interest ratio is currently 0.7 days. Currently, 0.4% of the shares of the stock are sold short.
View PennantPark Floating Rate Capital's Short Interest
.

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), Gladstone Capital (GLAD), Oxford Lane Capital (OXLC), The 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 & CEO (Age 58)
  • Mr. Aviv Efrat, CFO & Treasurer (Age 57)
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 66)
  • Mr. Jose A. Briones Jr., Partner
  • Mr. P. Whitridge Williams Jr., Partner
  • Mr. Thomas J. Friedmann Esq., Sec.
  • Mr. Salvatore Giannetti III, Partner

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 retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (5.83%), Taylor Frigon Capital Management LLC (0.35%), Optimum Investment Advisors (0.11%) and FNY Investment Advisers LLC (0.01%). 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 major investors are selling PennantPark Floating Rate Capital stock?

PFLT stock was sold by a variety of institutional investors in the last quarter, including Taylor Frigon Capital Management LLC.
View insider buying and selling activity for PennantPark Floating Rate Capital
or view top insider-selling stocks.

Which major investors are buying PennantPark Floating Rate Capital stock?

PFLT stock was bought by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC, Optimum Investment Advisors, and FNY Investment Advisers 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
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.

What is PennantPark Floating Rate Capital's stock price today?

One share of PFLT stock can currently be purchased for approximately $11.16.

How big of a company is PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital has a market capitalization of $432.67 million and generates $95.49 million in revenue each year. The asset manager earns $18.41 million in net income (profit) each year or $1.12 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 1/23/2021 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.