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 Ratio0.15
Quick Ratio0.15
Price-To-Earnings
Trailing P/E Ratio12.53
Forward P/E Ratio18.62
P/E GrowthN/A
Sales & Book Value
Annual Sales$59.50 million
Price / Sales8.98
Cash Flow$0.9630 per share
Price / Cash14.31
Book Value$14.10 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)$1.10
Net Income$36.32 million
Net Margins58.02%
Return on Equity7.44%
Return on Assets4.51%
Miscellaneous
EmployeesN/A
Outstanding Shares38,770,000
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Frequently Asked Questions
What is Pennantpark Floating Rate Capital's stock symbol?
Pennantpark Floating Rate Capital trades on the NASDAQ under the ticker symbol "PFLT."
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, June 7th. Investors of record on Monday, June 18th will be paid a dividend of $0.095 per share on Monday, July 2nd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.27%. The ex-dividend date is Friday, June 15th. View Pennantpark Floating Rate Capital's Dividend History.
How were Pennantpark Floating Rate Capital's earnings last quarter?
Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) released its quarterly earnings results on Thursday, May, 10th. The asset manager reported $0.24 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by $0.02. The asset manager had revenue of $16.50 million for the quarter, compared to analysts' expectations of $15.53 million. Pennantpark Floating Rate Capital had a return on equity of 7.44% and a net margin of 58.02%. View Pennantpark Floating Rate Capital's Earnings History.
When is Pennantpark Floating Rate Capital's next earnings date?
What price target have analysts set for PFLT?
3 analysts have issued 12-month price objectives for Pennantpark Floating Rate Capital's shares. Their forecasts range from $14.00 to $15.00. On average, they expect Pennantpark Floating Rate Capital's share price to reach $14.50 in the next year. View Analyst Ratings for Pennantpark Floating Rate Capital.
What are Wall Street analysts saying about Pennantpark Floating Rate Capital stock?
Here are some recent quotes from research analysts about Pennantpark Floating Rate Capital 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. " (5/16/2018)
- 2. Maxim Group analysts commented, "NII of $0.24 per share consistent with our expectation of dividend coverage in F4Q18, especially given strong originations in F2Q18 and thus far in F3Q18. Our price target of $14 equates to 1.0x NAV. In our view, BDCs such as PFLT (focused on high quality, senior secured, floating rate investments) should not trade below a valuation level of 1.0x NAV in the current environment.." (5/11/2018)
Are investors shorting Pennantpark Floating Rate Capital?
Pennantpark Floating Rate Capital saw a decrease in short interest during the month of May. As of May 31st, there was short interest totalling 734,873 shares, a decrease of 25.7% from the May 15th total of 988,738 shares. Based on an average trading volume of 110,063 shares, the days-to-cover ratio is currently 6.7 days. Currently, 1.9% of the company's shares are sold short. 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), Golub Capital BDC (GBDC), Tian Ge Interactiv (TGRVF), New Mountain Finance (NMFC), PennantPark Investment (PNNT), Gladstone Investment (GAIN), Capital Southwest (CSWC), Arlington Asset Investment (AI), Safeguard Scientifics (SFE), THL Credit (TCRD), Oaktree Strategic Income (OCSI), TRIPLEPOINT VEN/COM (TPVG), Stellus Capital Investment (SCM), OFS Capital (OFS) and Capitala Finance (CPTA).
Has Pennantpark Floating Rate Capital been receiving favorable news coverage?
Media headlines about PFLT stock have trended somewhat negative on Friday, Accern reports. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pennantpark Floating Rate Capital earned a news sentiment score of -0.06 on Accern's scale. They also assigned news articles about the asset manager an impact score of 44.13 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next several days.
Who are Pennantpark Floating Rate Capital's major shareholders?
Pennantpark Floating Rate Capital's stock is owned by a number of of institutional and retail investors. Top institutional investors include Muzinich & Co. Inc. (2.52%), Punch & Associates Investment Management Inc. (2.04%), UBS Group AG (2.01%), Relative Value Partners Group LLC (0.82%), Ladenburg Thalmann Financial Services Inc. (0.79%) and Van ECK Associates Corp (0.74%). Company insiders that own Pennantpark Floating Rate Capital stock include Arthur H Penn 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 Muzinich & Co. Inc., JPMorgan Chase & Co., UBS Group AG, Van ECK Associates Corp, California Public Employees Retirement System, Ladenburg Thalmann Financial Services Inc. and Yakira Capital Management Inc.. View Insider Buying and Selling 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 Corbyn Investment Management Inc. MD, Pin Oak Investment Advisors Inc., Resource America Inc., Punch & Associates Investment Management Inc., Rational Advisors LLC, PVG Asset Management Corp, Stifel Financial Corp and WESPAC Advisors LLC. Company insiders that have bought Pennantpark Floating Rate Capital stock in the last two years include Arthur H Penn and Samuel L Katz. View Insider Buying and Selling 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, Scottrade, 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 $13.78.
How big of a company is Pennantpark Floating Rate Capital?
Pennantpark Floating Rate Capital has a market capitalization of $541.65 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 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]
MarketBeat Community Rating for Pennantpark Floating Rate Capital (PFLT)
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.
