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.
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Industry, Sector and Symbol
Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Phone212-905-1000
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$72.21 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date11/13/2019 (Estimated)
OptionableOptionable
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 Monday, August 5th. Investors of record on Monday, August 19th will be paid a dividend of $0.095 per share on Tuesday, September 3rd. This represents a $1.14 dividend on an annualized basis and a yield of 9.91%. The ex-dividend date of this dividend is Friday, August 16th. 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) posted its earnings results on Wednesday, August, 7th. The asset manager reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by $0.01. The asset manager earned $22.88 million during the quarter, compared to analysts' expectations of $22.90 million. Pennantpark Floating Rate Capital had a net margin of 16.65% and a return on equity of 8.83%. 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?
4 Wall Street analysts have issued 1 year target prices for Pennantpark Floating Rate Capital's stock. Their forecasts range from $13.00 to $14.50. On average, they anticipate Pennantpark Floating Rate Capital's share price to reach $13.6250 in the next twelve months. This suggests a possible upside of 18.5% from the stock's current price. View Analyst Price Targets for Pennantpark Floating Rate Capital.
What is the consensus analysts' recommendation for Pennantpark Floating Rate Capital?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennantpark Floating Rate Capital in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." 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. " (8/13/2019)
- 2. Maxim Group analysts commented, "We are maintaining our quarterly estimate of $0.29 for each of the remaining three quarters of FY19, covering the dividend. 2019, PFLT will be able to raise on-balance-sheet leverage to 200% of equity, from 100%. If loan demand is sufficient for PFLT to prudently increase its leverage above 100%, then our FY19 EPS estimate could be low, and even a dividend increase could be a possibility. At this time, however, we are making no changes. We are maintaining our price target of $14.50. Our price target equates to 1.06x NAV, which is inline with or below the valuations of relevant high-quality peers. In our view, BDCs such as PFLT (with strong credit quality and focused on senior secured, floating rate investments) are very attractive in the current environment." (2/7/2019)
Has Pennantpark Floating Rate Capital been receiving favorable news coverage?
News coverage about PFLT stock has been trending negative this week, according to InfoTrie Sentiment Analysis. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Pennantpark Floating Rate Capital earned a coverage optimism score of -2.3 on InfoTrie's scale. They also assigned press coverage about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View News Stories for Pennantpark Floating Rate Capital.
Are investors shorting Pennantpark Floating Rate Capital?
Pennantpark Floating Rate Capital saw a decrease in short interest in the month of July. As of July 31st, there was short interest totalling 166,100 shares, a decrease of 6.5% from the June 30th total of 177,600 shares. Based on an average daily trading volume, of 185,800 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.4% of the company's stock 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), New Mountain Finance (NMFC), Golub Capital BDC (GBDC), PennantPark Investment (PNNT), Capital Southwest (CSWC), Triplepoint Venture Growth BDC (TPVG), Gladstone Investment (GAIN), Stellus Capital Investment (SCM), Safeguard Scientifics (SFE), Oaktree Strategic Income (OCSI), Arlington Asset Investment (AI), Allied Minds (ALLWF), THL Credit (TCRD), OFS Capital (OFS) and KCAP Financial (KCAP).
What other stocks do shareholders of Pennantpark Floating Rate Capital own?
Who are Pennantpark Floating Rate Capital's key executives?
Pennantpark Floating Rate Capital's management team includes the folowing people:
- Mr. Arthur Howard Penn, Founder, Chairman & Chief Exec. Officer (Age 56)
- Mr. Aviv Efrat, Treasurer & CFO (Age 55)
- Mr. Jose A. Briones Jr., Partner
- Mr. P. Whitridge Williams Jr., J.D., Partner
- Mr. Thomas J. Friedmann Esq., Sec.
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 Altshuler Shaham Ltd (4.88%), Sound Income Strategies LLC (4.12%), LGT Capital Partners LTD. (2.89%), UBS Group AG (1.73%), Janney Montgomery Scott LLC (1.15%) and Van ECK Associates Corp (0.94%). Company insiders that own Pennantpark Floating Rate Capital stock include Arthur H Penn, Aviv Efrat 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 UBS Group AG, West Family Investments Inc., Wells Fargo & Company MN, D. E. Shaw & Co. Inc., Royal Bank of Canada, BlackRock Inc., Greenwich Investment Management Inc. and Wiley BROS. Aintree Capital LLC. View Insider Buying and Selling for Pennantpark Floating Rate Capital.
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 Sound Income Strategies LLC, Virtus ETF Advisers LLC, Acadian Asset Management LLC, Ancora Advisors LLC, Susquehanna International Group LLP, Van ECK Associates Corp, Confluence Investment Management LLC and LGT Capital Partners LTD.. Company insiders that have bought Pennantpark Floating Rate Capital stock in the last two years include Arthur H Penn, Aviv Efrat 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 $11.50.
How big of a company is Pennantpark Floating Rate Capital?
What is Pennantpark Floating Rate Capital's official website?
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 (NASDAQ 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.
