Sign in or create an account to add this stock to your watchlist.
About Pennantpark Floating Rate Capital (NASDAQ:PFLT)
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 Ratio12.31
Forward P/E Ratio18.55
P/E GrowthN/A
Sales & Book Value
Annual Sales$59.50 million
Price / Sales8.82
Cash Flow$0.9762 per share
Price / Cash13.87
Book Value$13.98 per share
Price / Book0.97
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 announced a monthly dividend on Monday, May 7th. Investors of record on Friday, May 18th will be given a dividend of $0.095 per share on Friday, June 1st. This represents a $1.14 annualized dividend and a dividend yield of 8.42%. The ex-dividend date of this dividend is Thursday, May 17th. 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) issued its earnings results on Thursday, May, 10th. The asset manager reported $0.24 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.02. The asset manager earned $16.50 million during the quarter, compared to the consensus estimate 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 Wall Street analysts have issued 1 year price targets for Pennantpark Floating Rate Capital's shares. Their forecasts range from $14.00 to $15.00. On average, they anticipate Pennantpark Floating Rate Capital's share price to reach $14.50 in the next twelve months. 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)
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), Arlington Asset Investment (AI), Capital Southwest (CSWC), Safeguard Scientifics (SFE), Thl Credit (TCRD), Oaktree Strategic Income (OCSI), TriplePoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), OFS Capital (OFS) and Garrison Capital (GARS).
Has Pennantpark Floating Rate Capital been receiving favorable news coverage?
Headlines about PFLT stock have trended somewhat positive on Wednesday, Accern reports. The research firm ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pennantpark Floating Rate Capital earned a daily sentiment score of 0.21 on Accern's scale. They also assigned media headlines about the asset manager an impact score of 46.01 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact 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 many different of institutional and retail investors. Top institutional shareholders 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 major 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 major investors are buying Pennantpark Floating Rate Capital stock?
PFLT stock was purchased 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., PVG Asset Management Corp, Rational Advisors LLC, 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 $13.54.
How big of a company is Pennantpark Floating Rate Capital?
Pennantpark Floating Rate Capital has a market capitalization of $524.97 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.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
3 Wall Street analysts have issued ratings and price targets for Pennantpark Floating Rate Capital in the last 12 months. Their average twelve-month price target is $14.50, suggesting that the stock has a possible upside of 7.09%. The high price target for PFLT is $15.00 and the low price target for PFLT is $14.00. There are currently 1 hold rating and 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 2.67 | 3.00 | 3.00 | 2.80 |
| Ratings Breakdown: | 0 Sell Rating(s)
1 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
1 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $14.50 | $14.5833 | $14.6875 | $14.90 |
| Price Target Upside: | 7.09% upside | 19.63% upside | 20.49% upside | 2.19% upside |
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Consensus Price Target History
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Analyst Ratings History
Show:
(Data available from 5/23/2016 forward)
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Dividend Information
Pennantpark Floating Rate Capital pays an annual dividend of $1.14 per share, with a dividend yield of 8.42%. PFLT's next monthly dividend payment will be made on Friday, June 1. Pennantpark Floating Rate Capital pays out 103.64% of its earnings out as a dividend.
| Next Dividend: | 6/1/2018 |
| Annual Dividend: | $1.14 |
| Dividend Yield: | 8.42% |
| Payout Ratio(s): | 103.64% (Trailing 12 Months of Earnings)
156.16% (Based on This Year's Estimates)
99.13% (Based on Next Year's Estimates)
116.78% (Based on Cash Flow)
|
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 5/7/2018 | monthly | $0.0950 | 8.49% | 5/17/2018 | 5/18/2018 | 6/1/2018 |
| 4/6/2018 | monthly | $0.0950 | 8.62% | 4/16/2018 | 4/17/2018 | 5/1/2018 |
| 3/5/2018 | Monthly | $0.0950 | 8.97% | 3/16/2018 | 3/19/2018 | 4/2/2018 |
| 2/7/2018 | monthly | $0.0950 | 8.53% | 2/15/2018 | 2/16/2018 | 3/1/2018 |
| 1/8/2018 | monthly | $0.0950 | 8.36% | 1/17/2018 | 1/18/2018 | 2/1/2018 |
| 12/5/2017 | monthly | $0.0950 | 8.23% | 12/22/2017 | 12/26/2017 | 1/2/2018 |
| 11/2/2017 | Monthly | $0.0950 | 8.23% | 11/16/2017 | 11/17/2017 | 12/1/2017 |
| 10/5/2017 | monthly | $0.0950 | 7.82% | 10/18/2017 | 10/19/2017 | 11/1/2017 |
| 9/7/2017 | monthly | $0.0950 | 8.05% | 9/19/2017 | 9/20/2017 | 10/2/2017 |
| 8/3/2017 | monthly | $0.0950 | 8.01% | 8/16/2017 | 8/18/2017 | 9/1/2017 |
| 7/6/2017 | monthly | $0.0950 | 7.99% | 7/18/2017 | 7/20/2017 | 8/1/2017 |
| 6/5/2017 | monthly | $0.0950 | 8.07% | 6/19/2017 | 6/21/2017 | 7/3/2017 |
| 5/3/2017 | monthly | $0.0950 | 8.29% | 5/17/2017 | 5/19/2017 | 6/1/2017 |
| 4/5/2017 | monthly | $0.0950 | 8.3% | 4/17/2017 | 4/19/2017 | 5/1/2017 |
| 3/3/2017 | monthly | $0.0950 | 8.26% | 3/20/2017 | 3/22/2017 | 4/3/2017 |
| 2/3/2017 | monthly | $0.0950 | 8.11% | 2/15/2017 | 2/17/2017 | 3/1/2017 |
| 1/5/2017 | monthly | $0.0950 | 8.05% | 1/18/2017 | 1/20/2017 | 2/1/2017 |
| 12/5/2016 | | $0.0950 | | 12/20/2016 | 12/22/2016 | 1/3/2017 |
| 11/4/2016 | | $0.0950 | | 11/16/2016 | 11/18/2016 | 12/1/2016 |
| 10/5/2016 | | $0.0950 | | 10/18/2016 | 10/20/2016 | 11/1/2016 |
| 9/6/2016 | | $0.0950 | | 9/19/2016 | 9/21/2016 | 10/3/2016 |
| 8/3/2016 | | $0.0950 | | 8/17/2016 | 8/19/2016 | 9/1/2016 |
| 7/6/2016 | | $0.0950 | | 7/18/2016 | 7/20/2016 | 8/1/2016 |
| 6/3/2016 | | $0.0950 | | 6/16/2016 | 6/20/2016 | 7/1/2016 |
| 5/4/2016 | | $0.0950 | | 5/18/2016 | 5/20/2016 | 6/1/2016 |
| 4/5/2016 | | $0.0950 | | 4/18/2016 | 4/20/2016 | 5/2/2016 |
| 3/3/2016 | | $0.0950 | | 3/16/2016 | 3/18/2016 | 4/1/2016 |
| 2/3/2016 | | $0.0950 | | 2/16/2016 | 2/18/2016 | 3/1/2016 |
| 1/6/2016 | | $0.0950 | | 1/15/2016 | 1/20/2016 | 2/1/2016 |
| 12/3/2015 | | $0.0950 | | 12/22/2015 | 12/24/2015 | 1/4/2016 |
| 11/4/2015 | | $0.0950 | | 11/17/2015 | 11/19/2015 | 12/1/2015 |
| 10/2/2015 | | $0.0950 | | 10/19/2015 | 10/21/2015 | 11/2/2015 |
| 9/2/2015 | | $0.0950 | | 9/17/2015 | 9/21/2015 | 10/1/2015 |
| 8/3/2015 | | $0.0950 | | 8/20/2015 | 8/24/2015 | 9/1/2015 |
| 7/6/2015 | monthly | $0.0950 | 8.14% | 7/20/2015 | 7/22/2015 | 8/3/2015 |
| 6/3/2015 | monthly | $0.0950 | 8.1% | 6/11/2015 | 6/15/2015 | 7/1/2015 |
| 5/5/2015 | monthly | $0.0950 | 8% | 5/18/2015 | 5/20/2015 | 6/1/2015 |
| 4/3/2015 | monthly | $0.0950 | 8.17% | 4/16/2015 | 4/20/2015 | 5/1/2015 |
| 3/6/2015 | monthly | $0.0950 | 8.18% | 3/18/2015 | 3/20/2015 | 4/1/2015 |
| 2/5/2015 | monthly | $0.09 | 8.07% | 2/13/2015 | 2/18/2015 | 3/2/2015 |
| 1/7/2015 | monthly | $0.09 | 7.64% | 1/16/2015 | 1/21/2015 | 2/2/2015 |
| 12/2/2014 | dec 14 | $0.09 | 7.63% | 12/17/2014 | 12/19/2014 | 1/2/2015 |
| 11/4/2014 | nov 14 | $0.09 | 7.61% | 11/17/2014 | 11/19/2014 | 12/1/2014 |
| 10/2/2014 | oct 14 | $0.09 | 7.79% | 10/20/2014 | 10/22/2014 | 11/3/2014 |
| 9/3/2014 | sep 14 | $0.09 | 7.54% | 9/24/2014 | 9/26/2014 | 10/1/2014 |
| 8/4/2014 | aug 14 | $0.09 | 7.71% | 8/18/2014 | 8/20/2014 | 9/2/2014 |
| 7/2/2014 | jul 14 | $0.09 | 7.64% | 7/16/2014 | 7/18/2014 | 8/1/2014 |
| 6/3/2014 | jun 14 | $0.09 | 7.85% | 6/17/2014 | 6/19/2014 | 7/1/2014 |
| 5/2/2014 | may 14 | $0.09 | 7.83% | 5/15/2014 | 5/19/2014 | 6/2/2014 |
| 4/4/2014 | monthly | $0.09 | 7.84% | 4/16/2014 | 4/21/2014 | 5/1/2014 |
| 3/4/2014 | mar 14 | $0.09 | 7.68% | 3/18/2014 | 3/20/2014 | 4/1/2014 |
| 2/5/2014 | monthly | $0.09 | 7.92% | 2/14/2014 | 2/19/2014 | 3/3/2014 |
| 2/4/2014 | feb 14 | $0.09 | | | 2/19/2014 | 3/3/2014 |
| 1/6/2014 | monthly | $0.09 | 7.84% | 1/17/2014 | 1/22/2014 | 2/3/2014 |
| 1/3/2014 | jan 14 | $0.09 | | | 1/22/2014 | 2/3/2014 |
| 12/4/2013 | monthly | $0.09 | 7.84% | 12/18/2013 | 12/20/2013 | 1/2/2014 |
| 12/3/2013 | dec 13 | $0.09 | | | 12/20/2013 | 1/2/2014 |
| 11/5/2013 | monthly | $0.09 | 8.19% | 11/18/2013 | 11/20/2013 | 12/2/2013 |
| 10/3/2013 | monthly | $0.0875 | 7.8% | 10/17/2013 | 10/21/2013 | 11/1/2013 |
| 10/2/2013 | oct 13 | $0.0875 | | | 10/21/2013 | 11/1/2013 |
| 9/5/2013 | monthly | $0.0875 | 7.9% | 9/18/2013 | 9/20/2013 | 10/1/2013 |
| 9/4/2013 | sep 13 | $0.0875 | | | 9/20/2013 | 10/1/2013 |
| 8/5/2013 | monthly | $0.0875 | 7.42% | 8/19/2013 | 8/21/2013 | 9/3/2013 |
| 8/2/2013 | aug 13 | $0.0875 | | | 8/21/2013 | 9/3/2013 |
| 7/2/2013 | monthly | $0.0875 | 7.4% | 7/17/2013 | 7/19/2013 | 8/1/2013 |
| 7/1/2013 | jul 13 | $0.0875 | | | 7/19/2013 | 8/1/2013 |
| 6/4/2013 | monthly | $0.0875 | 7.2% | 6/19/2013 | 6/21/2013 | 7/1/2013 |
| 6/3/2013 | jun 13 | $0.0875 | | | 6/21/2013 | 7/1/2013 |
| 5/2/2013 | monthly | $0.0875 | 7.39% | 5/16/2013 | 5/20/2013 | 6/3/2013 |
| 5/1/2013 | may 13 | $0.0875 | | | 5/20/2013 | 6/3/2013 |
| 4/2/2013 | monthly | $0.0875 | 7.53% | 4/17/2013 | 4/19/2013 | 5/1/2013 |
| 4/1/2013 | apr 13 | $0.0875 | | | 4/19/2013 | 5/1/2013 |
| 3/1/2013 | monthly | $0.0875 | 7.32% | 3/20/2013 | 3/22/2013 | 4/1/2013 |
| 2/1/2013 | monthly | $0.0850 | 7.72% | 2/14/2013 | 2/19/2013 | 3/1/2013 |
| 1/3/2013 | monthly | $0.0825 | 7.61% | 1/17/2013 | 1/22/2013 | 2/1/2013 |
(Data available from 1/1/2013 forward)
Pennantpark Floating Rate Capital (NASDAQ PFLT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.00%
Institutional Ownership Percentage: 34.35%
Pennantpark Floating Rate Capital (NASDAQ PFLT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/26/2018 | Samuel L Katz | Director | Buy | 17,000 | $12.64 | $214,880.00 | 136,800 |  |
| 2/14/2018 | Arthur H Penn | Insider | Buy | 9,000 | $12.98 | $116,820.00 | | |
| 2/12/2018 | Arthur H Penn | Insider | Buy | 10,000 | $12.57 | $125,700.00 | | |
| 2/11/2016 | Samuel L Katz | Director | Buy | 4,140 | $10.50 | $43,470.00 | 119,800 | |
| 2/9/2016 | Samuel L Katz | Director | Buy | 5,860 | $10.52 | $61,647.20 | 115,660 | |
| 9/4/2015 | Samuel L Katz | Director | Buy | 20,000 | $12.23 | $244,600.00 | 109,800 | |
| 8/31/2015 | Jeffrey Flug | Director | Buy | 7,500 | $12.11 | $90,825.00 | 1,500 | |
| 8/26/2015 | Samuel L Katz | Director | Buy | 7,482 | $12.00 | $89,784.00 | 79,500 | |
| 8/20/2015 | Aviv Efrat | CFO | Buy | 15,000 | $12.85 | $192,750.00 | 28,750 | |
| 8/26/2014 | Samuel L Katz | Director | Buy | 7,969 | $14.16 | $112,841.04 | | |
| 8/22/2014 | Samuel L Katz | Director | Buy | 2,031 | $14.03 | $28,494.93 | | |
| 5/22/2013 | Aviv Efrat | CFO | Buy | 8,000 | $14.45 | $115,600.00 | | |
| 3/21/2013 | Samuel L Katz | Director | Buy | 30,000 | $14.00 | $420,000.00 | | |
(Data available from 1/1/2013 forward)
Pennantpark Floating Rate Capital (NASDAQ PFLT) News Headlines
| Source: |
|
Pennantpark Floating Rate Capital (NASDAQ:PFLT) SEC Filings
This page is loading this company's SEC Filings. Please wait...
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Income Statement, Balance Sheet and Cash Flow Statement
Pennantpark Floating Rate Capital (NASDAQ PFLT) Stock Chart for Wednesday, May, 23, 2018
Loading chart…
