NASDAQ:PFLT

PennantPark Floating Rate Capital Stock Forecast, Price & News

$12.87
-0.15 (-1.15 %)
(As of 08/4/2021 11:59 AM ET)
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Today's Range
$12.85
$13.01
50-Day Range
$12.50
$13.41
52-Week Range
$7.70
$13.50
Volume3,898 shs
Average Volume199,225 shs
Market Capitalization$498.97 million
P/E Ratio7.48
Dividend Yield8.78%
Beta2.04
30 days | 90 days | 365 days | Advanced Chart
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PennantPark Floating Rate Capital logo

About PennantPark Floating Rate Capital

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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MarketRank

Overall MarketRank

1.88 out of 5 stars

Finance Sector

747th out of 1,320 stocks

Investors, Not Elsewhere Classified Industry

9th out of 28 stocks

Analyst Opinion: 1.2Community Rank: 3.5Dividend Strength: 1.7Insider Behavior: 0.0Valuation: 3.1 5 -4 -3 -2 -1 -
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PennantPark Floating Rate Capital (NASDAQ:PFLT) Frequently Asked Questions

Is PennantPark Floating Rate Capital a buy right now?

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" PennantPark Floating Rate Capital stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in PFLT, but not buy additional shares or sell existing shares.
View analyst ratings for PennantPark Floating Rate Capital
or view top-rated stocks.

What stocks does MarketBeat like better than PennantPark Floating Rate Capital?

Wall Street analysts have given PennantPark Floating Rate Capital a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but PennantPark Floating Rate Capital wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital saw a increase in short interest in July. As of July 15th, there was short interest totaling 401,700 shares, an increase of 56.6% from the June 30th total of 256,500 shares. Based on an average trading volume of 217,600 shares, the short-interest ratio is currently 1.8 days. Currently, 1.1% of the shares of the company are short sold.
View PennantPark Floating Rate Capital's Short Interest
.

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 4th 2021.
View our earnings forecast for PennantPark Floating Rate Capital
.

How can I listen to PennantPark Floating Rate Capital's earnings call?

PennantPark Floating Rate Capital will be holding an earnings conference call on Thursday, August 5th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "2369860".

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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) issued its quarterly earnings data on Wednesday, May, 5th. The asset manager reported $0.26 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.27 by $0.01. The asset manager had revenue of $19.44 million for the quarter, compared to analysts' expectations of $20.61 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 8.39% and a net margin of 79.52%.
View PennantPark Floating Rate Capital's earnings history
.

How has PennantPark Floating Rate Capital's stock price been impacted by COVID-19?

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. Since then, PFLT shares have increased by 34.5% and is now trading at $12.98.
View which stocks have been most impacted by COVID-19
.

How often does PennantPark Floating Rate Capital pay dividends? What is the dividend yield for PennantPark Floating Rate Capital?

PennantPark Floating Rate Capital announced a monthly dividend on Friday, July 2nd. Stockholders of record on Monday, July 19th will be paid a dividend of $0.095 per share on Monday, August 2nd. This represents a $1.14 dividend on an annualized basis and a yield of 8.78%. The ex-dividend date of this dividend is Friday, July 16th.
View PennantPark Floating Rate Capital's dividend history
.

Is PennantPark Floating Rate Capital a good dividend stock?

PennantPark Floating Rate Capital pays an annual dividend of $1.14 per share and currently has a dividend yield of 8.78%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. PennantPark Floating Rate Capital does not yet have a strong track record of dividend growth. The dividend payout ratio of PennantPark Floating Rate Capital is 101.79%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 101.79% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend.
View PennantPark Floating Rate Capital's dividend history.

What price target have analysts set for PFLT?

3 equities research analysts have issued 12-month price objectives for PennantPark Floating Rate Capital's shares. Their forecasts range from $13.00 to $13.00. On average, they expect PennantPark Floating Rate Capital's share price to reach $13.00 in the next year. This suggests a possible upside of 0.2% from the stock's current price.
View analysts' price targets for PennantPark Floating Rate Capital
or view top-rated stocks among Wall Street analysts.

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 & CEO (Age 58)
  • Mr. Guy Francis Talarico J.D., Chief Compliance Officer (Age 66)
  • Mr. Jose A. Briones Jr., Partner
  • Mr. P. Whitridge Williams Jr., Partner
  • Mr. Thomas J. Friedmann Esq., Sec.
  • Mr. Salvatore Giannetti III, Partner

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), The Coca-Cola (KO), Gladstone Investment (GAIN), Main Street Capital (MAIN), Prospect Capital (PSEC), Enterprise Products Partners (EPD) and Virtus Total Return 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 number of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (5.94%), Advisor Group Holdings Inc. (0.70%), Advisors Asset Management Inc. (0.34%), Mckinley Capital Management LLC Delaware (0.24%), Confluence Investment Management LLC (0.17%) and Wedbush Securities Inc. (0.10%). 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 major investors are selling PennantPark Floating Rate Capital stock?

PFLT stock was sold by a variety of institutional investors in the last quarter, including Sound Income Strategies LLC, Wedbush Securities Inc., Optimum Investment Advisors, and Mckinley Capital Management LLC Delaware.
View insider buying and selling activity for PennantPark Floating Rate Capital
or view top insider-selling stocks.

Which major investors are buying PennantPark Floating Rate Capital stock?

PFLT stock was acquired by a variety of institutional investors in the last quarter, including Advisors Asset Management Inc., Advisor Group Holdings Inc., and Confluence Investment Management 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
or or view top insider-buying stocks.

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 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 $12.98.

How much money does PennantPark Floating Rate Capital make?

PennantPark Floating Rate Capital has a market capitalization of $503.23 million and generates $95.49 million in revenue each year. The asset manager earns $18.41 million in net income (profit) each year or $1.12 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.

Where are PennantPark Floating Rate Capital's headquarters?

PennantPark Floating Rate Capital is headquartered at 590 MADISON AVENUE 15TH FLOOR, NEW YORK NY, 10022.

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 8/4/2021 by MarketBeat.com Staff
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