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QQQ   312.72
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NASDAQ:PFLT

PennantPark Floating Rate Capital - PFLT Stock Forecast, Price & News

$10.61
0.00 (0.00%)
(As of 03/29/2023 12:00 AM ET)
Add
Compare
Today's Range
$10.52
$10.68
50-Day Range
$9.98
$11.81
52-Week Range
$9.43
$14.38
Volume
164,003 shs
Average Volume
439,344 shs
Market Capitalization
$527.10 million
P/E Ratio
N/A
Dividend Yield
11.31%
Price Target
$12.00

PennantPark Floating Rate Capital MarketRank™ Forecast

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
13.1% Upside
$12.00 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
-2.40%
From $1.25 to $1.22 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.37 out of 5 stars

Finance Sector

873rd out of 892 stocks

Investors, Not Elsewhere Classified Industry

13th out of 15 stocks


PFLT stock logo

About PennantPark Floating Rate Capital (NASDAQ:PFLT) Stock

PennantPark Floating Rate Capital Ltd., a traded fund, invests in middle market companies located in the United States. It targets companies operating across a broad range of sectors. It provides debt investment in mezzanine and buyout stage capital requirements.

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PFLT Stock News Headlines

My No. 1 dividend stock for a LIFETIME of income.
Few people realize this… But dividends account for up to 90% of the stock market's returns over the past century!  I think it's a crying shame folks don't know how powerful dividends are.
PennantPark Floating Rate Capital Down 7%; To Sell 4.25 Mln Shares
"Prepare for Five Years of Famine"
Market Wizard who predicted all indexes would be negative in 2022 shares shocking new forecast
What's in the Cards for PennantPark (PFLT) in Q4 Earnings?
PFLT PennantPark Floating Rate Capital
See More Headlines
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PFLT Company Calendar

Last Earnings
2/09/2023
Ex-Dividend for 3/1 Dividend
2/15/2023
Dividend Payable
3/01/2023
Ex-Dividend for 4/3 Dividend
3/15/2023
Today
3/29/2023
Dividend Payable
4/03/2023
Next Earnings (Estimated)
5/03/2023
Fiscal Year End
9/30/2023

Industry, Sector and Symbol

Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Sector
Finance
Current Symbol
NASDAQ:PFLT
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$12.00
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+13.1%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$3.45 million
Pretax Margin
-11.40%

Debt

Sales & Book Value

Annual Sales
$105.49 million
Cash Flow
$1.68 per share
Book Value
$11.62 per share

Miscellaneous

Free Float
49,185,000
Market Cap
$527.10 million
Optionable
Optionable
Beta
1.64

Key Executives

  • Arthur Howard Penn
    Chairman & Chief Executive Officer
  • Richard T. Allorto
    Chief Financial Officer & Treasurer
  • Guy F. Talarico
    Chief Compliance Officer
  • Thomas J. Friedmann
    Secretary













PFLT Stock - Frequently Asked Questions

Should I buy or sell PennantPark Floating Rate Capital stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" PFLT shares.
View PFLT analyst ratings
or view top-rated stocks.

What is PennantPark Floating Rate Capital's stock price forecast for 2023?

2 Wall Street research analysts have issued twelve-month price targets for PennantPark Floating Rate Capital's shares. Their PFLT share price forecasts range from $12.00 to $12.00. On average, they predict the company's share price to reach $12.00 in the next twelve months. This suggests a possible upside of 13.1% from the stock's current price.
View analysts price targets for PFLT
or view top-rated stocks among Wall Street analysts.

How have PFLT shares performed in 2023?

PennantPark Floating Rate Capital's stock was trading at $10.98 at the start of the year. Since then, PFLT shares have decreased by 3.4% and is now trading at $10.61.
View the best growth stocks for 2023 here
.

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 3rd 2023.
View our PFLT earnings forecast
.

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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) posted its quarterly earnings results on Thursday, February, 9th. The asset manager reported $0.30 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.30. The asset manager earned $31.34 million during the quarter, compared to the consensus estimate of $29.59 million. PennantPark Floating Rate Capital had a negative net margin of 11.40% and a positive trailing twelve-month return on equity of 9.60%. During the same quarter in the prior year, the firm posted $0.33 EPS.

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, February 9th. Shareholders of record on Thursday, March 16th will be paid a dividend of $0.10 per share on Monday, April 3rd. This represents a $1.20 dividend on an annualized basis and a yield of 11.31%. The ex-dividend date is Wednesday, March 15th. This is a boost from the stock's previous monthly dividend of $0.10.
Read our dividend analysis for PFLT
.

What ETFs hold PennantPark Floating Rate Capital's stock?

ETFs with the largest weight of PennantPark Floating Rate Capital (NASDAQ:PFLT) stock in their portfolio include Sound Enhanced Fixed Income ETF (SDEF) and Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD).

Is PennantPark Floating Rate Capital a good dividend stock?

PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.20 per share and currently has a dividend yield of 11.56%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for PFLT.

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 Global Dividend & Income Fund (ZTR).

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 variety of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (6.32%), Altshuler Shaham Ltd (3.70%), Van ECK Associates Corp (1.29%), First Republic Investment Management Inc. (0.73%), Advisors Asset Management Inc. (0.62%) and Legal & General Group Plc (0.60%). Insiders that own company stock include Adam K Bernstein and Samuel L Katz.
View institutional ownership trends
.

How do I buy shares of PennantPark Floating Rate Capital?

Shares of PFLT stock 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.
Compare Top Brokerages Here.

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

One share of PFLT stock can currently be purchased for approximately $10.61.

How much money does PennantPark Floating Rate Capital make?

PennantPark Floating Rate Capital (NASDAQ:PFLT) has a market capitalization of $527.10 million and generates $105.49 million in revenue each year. The asset manager earns $3.45 million in net income (profit) each year or ($0.32) on an earnings per share basis.

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 official website for the company is www.pennantpark.com. The asset manager can be reached via phone at (212) 905-1000, via email at investorrelations@pennantpark.com, or via fax at 212-905-1075.

This page (NASDAQ:PFLT) was last updated on 3/30/2023 by MarketBeat.com Staff