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

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.

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.

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

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.

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.

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).

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.

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).

PennantPark Floating Rate Capital trades on the NASDAQ under the ticker symbol "PFLT."

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

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.

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.