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

PennantPark Floating Rate Capital's stock was trading at $10.98 at the beginning of 2023. Since then, PFLT stock has increased by 0.3% and is now trading at $11.01.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 8th 2023.
View our PFLT earnings forecast.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced its earnings results on Wednesday, November, 16th. 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 $28.79 million during the quarter, compared to the consensus estimate of $27.04 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 9.48% and a net margin of 3.28%.

PennantPark Floating Rate Capital announced a monthly dividend on Friday, January 6th. Investors of record on Thursday, January 19th will be given a dividend of $0.095 per share on Wednesday, February 1st. This represents a $1.14 annualized dividend and a yield of 10.35%. The ex-dividend date is Wednesday, January 18th.
Read our dividend analysis for PFLT.

PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.14 per share and currently has a dividend yield of 10.37%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 1,266.67%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PFLT will have a dividend payout ratio of 95.00% in the coming year. This indicates that the company may not be able to sustain their current dividend.
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 Total Return 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 institutional and retail investors. Top institutional shareholders include Sound Income Strategies LLC (6.32%), Hennion & Walsh Asset Management Inc. (0.46%), PFG Advisors (0.30%), Mckinley Capital Management LLC Delaware (0.20%), AE Wealth Management LLC (0.10%) and International Assets Investment Management LLC (0.06%). Insiders that own company stock include Adam K Bernstein, Arthur H Penn, Aviv Efrat, Jeffrey Flug 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 $11.01.

PennantPark Floating Rate Capital (NASDAQ:PFLT) has a market capitalization of $499.26 million and generates $11.61 million in revenue each year. The asset manager earns $3.45 million in net income (profit) each year or $0.09 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.