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NASDAQ:PFLT

Pennantpark Floating Rate Capital Stock Forecast, Price & News

$8.20
+0.22 (+2.76 %)
(As of 09/25/2020 12:00 AM ET)
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Today's Range
$8.00
Now: $8.20
$8.25
50-Day Range
$7.98
MA: $8.50
$8.82
52-Week Range
$3.34
Now: $8.20
$12.67
Volume253,468 shs
Average Volume251,699 shs
Market Capitalization$317.91 million
P/E Ratio37.27
Dividend Yield14.29%
Beta1.78
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

Beat the Market (BTM) Rank

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

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$1.08 per share
Book Value$12.98 per share

Profitability

Net Income$11.42 million

Miscellaneous

EmployeesN/A
Market 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

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

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

Pennantpark Floating Rate Capital's stock was trading at $9.65 on March 11th, 2020 when Coronavirus (COVID-19) 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) released its quarterly earnings data on Wednesday, August, 5th. The asset manager reported $0.26 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.02. The asset manager earned $22.77 million during the quarter, compared to analysts' expectations 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 paid a dividend of $0.095 per share on Thursday, October 1st. This represents a $1.14 annualized dividend and a dividend yield of 13.90%. The ex-dividend date of this dividend is Wednesday, September 16th.
View Pennantpark Floating Rate Capital's dividend history
.

What price target have analysts set for PFLT?

2 brokers have issued 12 month target prices for Pennantpark Floating Rate Capital's shares. Their forecasts range from $10.50 to $14.00. On average, they expect Pennantpark Floating Rate Capital's share price to reach $12.25 in the next twelve months. 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 volume of 163,700 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.6% of the shares of the company are short sold.
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), 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., 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 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 purchased 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 9/26/2020 by MarketBeat.com Staff

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