NASDAQ:PFLTPennantpark Floating Rate Capital Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Pennantpark Floating Rate Capital Ltd Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $8.32 +0.04 (+0.48 %) (As of 05/29/2020 04:00 PM ET) Add Compare Share Today's Range$8.01Now: $8.32▼$8.3350-Day Range$5.66MA: $6.92▼$8.5152-Week Range$3.34Now: $8.32▼$12.67Volume286,169 shsAverage Volume308,471 shsMarket Capitalization$322.57 millionP/E Ratio416.21Dividend Yield13.77%Beta1.8 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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.Read More Beat the Market (BTM) Rank™ 3.3 Analyst's Opinion Consensus RatingPennantpark Floating Rate Capital has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.25, Pennantpark Floating Rate Capital has a potential upside of 47.2% from its current price of $8.32.Amount of Analyst CoveragePennantpark Floating Rate Capital has only been the subject of 2 research reports in the past 90 days. Previous Next 1.8 Community Rank Outperform VotesPennantpark Floating Rate Capital has received 239 “outperform” votes. (Add your “outperform” vote.)Underperform VotesPennantpark Floating Rate Capital has received 433 “underperform” votes. (Add your “underperform” vote.)Community SentimentPennantpark Floating Rate Capital has received 64.43% “underperform” votes from our community.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 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. Previous Next 1.7 Dividend Strength Dividend LeadershipPennantpark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 13.77%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantpark Floating Rate Capital does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Pennantpark Floating Rate Capital is 97.44 %. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Pennantpark Floating Rate Capital will have a dividend payout ratio of 100.88 % in the coming year. This indicates that Pennantpark Floating Rate Capital may not be able to sustain their current dividend. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Pennantpark Floating Rate Capital insiders have bought more of their company's stock than they have sold. Specifically, they have bought $401,350.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 1.00% of the stock of Pennantpark Floating Rate Capital is held by insiders.Percentage Held by Institutions36.15% of the stock of Pennantpark Floating Rate Capital is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Earnings GrowthEarnings for Pennantpark Floating Rate Capital are expected to decrease by -1.74% in the coming year, from $1.15 to $1.13 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Pennantpark Floating Rate Capital is 416.21, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.74.Price to Earnings Ratio vs. SectorThe P/E ratio of Pennantpark Floating Rate Capital is 416.21, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.10.Price to Book Value per Share RatioPennantpark Floating Rate Capital has a P/B Ratio of 0.69. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.27 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investors, not elsewhere classified Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:PFLT Previous Symbol CUSIPN/A CIK1504619 Webwww.pennantpark.com Phone212-905-1000Debt Debt-to-Equity Ratio0.48 Current Ratio0.07 Quick Ratio0.07Price-To-Earnings Trailing P/E Ratio416.21 Forward P/E Ratio7.23 P/E GrowthN/A Sales & Book Value Annual Sales$92.95 million Price / Sales3.47 Cash Flow$1.14 per share Price / Cash Flow7.30 Book Value$12.12 per share Price / Book0.69Profitability EPS (Most Recent Fiscal Year)$1.17 Net Income$11.42 million Net Margins0.78% Return on Equity9.20% Return on Assets3.82%Miscellaneous EmployeesN/A Outstanding Shares38,770,000Market Cap$322.57 million Next Earnings Date8/5/2020 (Estimated) OptionableOptionable NASDAQ:PFLT Rates by TradingView 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. Pennantpark Floating Rate Capital (NASDAQ:PFLT) Frequently Asked Questions How has Pennantpark Floating Rate Capital's stock been impacted by COVID-19 (Coronavirus)? Pennantpark Floating Rate Capital's stock was trading at $9.65 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, PFLT stock has decreased by 13.8% and is now trading at $8.32. View which stocks have been most impacted by Coronavirus. 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, August 5th 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) issued its quarterly earnings data on Monday, May, 11th. The asset manager reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The asset manager had revenue of $26.33 million for the quarter, compared to analysts' expectations of $24.69 million. Pennantpark Floating Rate Capital had a return on equity of 9.20% and a net margin of 0.78%. 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 Monday, May 4th. Investors of record on Monday, May 18th will be paid a dividend of $0.095 per share on Monday, June 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 13.70%. The ex-dividend date is Friday, May 15th. View Pennantpark Floating Rate Capital's dividend history. What price target have analysts set for PFLT? 2 equities research analysts have issued twelve-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 stock price to reach $12.25 in the next twelve months. This suggests a possible upside of 47.2% from the stock's current price. View analysts' price targets for Pennantpark Floating Rate Capital. Has Pennantpark Floating Rate Capital been receiving favorable news coverage? News headlines about PFLT stock have trended somewhat positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Pennantpark Floating Rate Capital earned a news sentiment score of 0.6 on InfoTrie's scale. They also gave news coverage about the asset manager a news buzz of 4.0 out of 10, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutPennantpark Floating Rate Capital. Are investors shorting Pennantpark Floating Rate Capital? Pennantpark Floating Rate Capital saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 165,500 shares, an increase of 38.1% from the April 30th total of 119,800 shares. Based on an average trading volume of 354,800 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.4% of the shares of the company are short sold. View Pennantpark Floating Rate Capital's Current Options Chain. Who are some of Pennantpark Floating Rate Capital's key competitors? Some companies that are related to Pennantpark Floating Rate Capital include TPG Specialty Lending (TSLX), Fairfax Financial (FFXDF), New Mountain Finance (NMFC), Gladstone Investment (GAIN), Triplepoint Venture Growth BDC (TPVG), Capital Southwest (CSWC), PennantPark Investment (PNNT), Oaktree Strategic Income (OCSI), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), THL Credit (TCRD), OFS Capital (OFS), InvestcorpCreditManagementBDCInc . (ICMB), Elron Electronic Industries (ELRNF) and CM Finance (CMFN). View all 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), The Zweig Total Return Fund (ZTR) and Enterprise Products Partners (EPD). 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., PartnerMr. P. Whitridge Williams Jr., J.D., PartnerMr. 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 (5.89%), LGT Capital Partners LTD. (2.30%), Van ECK Associates Corp (1.23%), Morgan Stanley (1.00%), Advisor Group Holdings Inc. (0.83%) and Pin Oak Investment Advisors Inc. (0.82%). 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 UBS Group AG, Two Sigma Investments LP, Virtus ETF Advisers LLC, Corbyn Investment Management Inc. MD, Janney Montgomery Scott LLC, LGT Capital Partners LTD., Envestnet Asset Management Inc., and Wiley BROS. Aintree Capital LLC. View insider buying and selling activity for Pennantpark Floating Rate Capital. Which institutional investors are buying Pennantpark Floating Rate Capital stock? PFLT stock was acquired by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Sumitomo Mitsui Trust Holdings Inc., Resource America Inc., Sound Income Strategies LLC, Acadian Asset Management LLC, Pin Oak Investment Advisors Inc., Morgan Stanley, and Two Sigma Advisers LP. 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 $8.32. How big of a company is Pennantpark Floating Rate Capital? Pennantpark Floating Rate Capital has a market capitalization of $322.57 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 5/30/2020 by MarketBeat.com Staff
