NASDAQ:PFLT - Pennantpark Floating Rate Capital Stock Price, News, & Analysis Sign in or create an account to add this stock to your watchlist. Get Started $11.94 -0.10 (-0.83 %) (As of 05/26/2019 04:00 PM ET)Previous Close$11.94Today's Range$11.94 - $12.0852-Week Range$11.05 - $14.12Volume219,814 shsAverage Volume140,216 shsMarket Capitalization$462.94 millionP/E Ratio11.26Dividend Yield9.40%Beta0.72 ProfileAnalyst RatingsChartDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media Share on FacebookShare on TwitterShare on LinkedInShare on RedditShare on StocktwitsPrint this articleShare by Email 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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Industry, Sector and Symbol Stock Exchange NASDAQ Industry Investors, not elsewhere classified Sub-IndustryN/A SectorFinance Current SymbolNASDAQ:PFLT Previous Symbol CUSIPN/A CIK1504619 Webhttp://www.pennantpark.com/ Phone212-905-1000Debt Debt-to-Equity RatioN/A Current Ratio0.07 Quick Ratio0.07Price-To-Earnings Trailing P/E Ratio11.26 Forward P/E Ratio9.95 P/E GrowthN/A Sales & Book Value Annual Sales$72.21 million Price / Sales6.41 Cash Flow$1.0042 per share Price / Cash Flow11.89 Book Value$13.24 per share Price / Book0.90Profitability EPS (Most Recent Fiscal Year)$1.06 Net Income$33.49 million Net Margins17.80% Return on Equity8.80% Return on Assets4.60%Miscellaneous EmployeesN/A Outstanding Shares38,772,000Market Cap$462.94 million Next Earnings Date8/14/2019 (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 announced a monthly dividend on Monday, May 6th. Stockholders of record on Monday, May 20th will be paid a dividend of $0.095 per share on Monday, June 3rd. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.55%. The ex-dividend date is Friday, 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) posted its quarterly earnings data on Wednesday, May, 8th. The asset manager reported $0.30 EPS for the quarter, hitting the Zacks' consensus estimate of $0.30. The asset manager had revenue of $23.01 million for the quarter, compared to the consensus estimate of $22.99 million. Pennantpark Floating Rate Capital had a net margin of 17.80% and a return on equity of 8.80%. View Pennantpark Floating Rate Capital's Earnings History. When is Pennantpark Floating Rate Capital's next earnings date? Pennantpark Floating Rate Capital is scheduled to release their next quarterly earnings announcement on Wednesday, August 14th 2019. View Earnings Estimates for Pennantpark Floating Rate Capital. What price target have analysts set for PFLT? 3 Wall Street analysts have issued 1-year price objectives for Pennantpark Floating Rate Capital's shares. Their forecasts range from $13.00 to $14.50. On average, they expect Pennantpark Floating Rate Capital's stock price to reach $13.8333 in the next twelve months. This suggests a possible upside of 15.9% 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? 3 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 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. " (5/15/2019) 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 stories about PFLT stock have been trending somewhat negative on Sunday, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public 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 -1.8 on InfoTrie's scale. They also gave headlines about the asset manager a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the near term. 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), Gladstone Investment (GAIN), Capital Southwest (CSWC), Triplepoint Venture Growth BDC (TPVG), Stellus Capital Investment (SCM), Oaktree Strategic Income (OCSI), Safeguard Scientifics (SFE), Arlington Asset Investment (AI), THL Credit (TCRD), OFS Capital (OFS), Capitala Finance (CPTA) and Garrison Capital (GARS). 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), The Coca-Cola (KO), Gladstone Investment (GAIN), Oxford Lane Capital (OXLC), The Zweig Total Return Fund (ZTR), Main Street Capital (MAIN), Philip Morris International (PM) and Gladstone Commercial (GOOD). 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., PartnerMr. P. Whitridge Williams Jr., J.D., PartnerMr. Thomas J. Friedmann Esq., Sec. Who are Pennantpark Floating Rate Capital's major shareholders? Pennantpark Floating Rate Capital's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (3.02%), LGT Capital Partners LTD. (2.83%), Punch & Associates Investment Management Inc. (1.44%), Muzinich & Co. Inc. (1.39%), Janney Montgomery Scott LLC (1.14%) and Pacific Ridge Capital Partners LLC (0.98%). 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 institutional investors are selling Pennantpark Floating Rate Capital stock? PFLT stock was sold by a variety of institutional investors in the last quarter, including Ares Management LLC, Shelton Capital Management, Advisors Asset Management Inc., Muzinich & Co. Inc., Kennedy Capital Management Inc., Corbyn Investment Management Inc. MD, Janney Montgomery Scott LLC and Sumitomo Mitsui Asset Management Company LTD. View Insider Buying and Selling for Pennantpark Floating Rate Capital. Which institutional 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, LGT Capital Partners LTD., Alphasimplex Group LLC, Oxford Asset Management LLP, Acadian Asset Management LLC, Morgan Stanley, Bank of Montreal Can and First Allied Advisory Services Inc.. 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 $11.94. How big of a company is Pennantpark Floating Rate Capital? Pennantpark Floating Rate Capital has a market capitalization of $462.94 million and generates $72.21 million in revenue each year. The asset manager earns $33.49 million in net income (profit) each year or $1.06 on an earnings per share basis. What is Pennantpark Floating Rate Capital's official website? The official website for Pennantpark Floating Rate Capital is http://www.pennantpark.com/. 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)Community Ranking: 2.1 out of 5 ( )Outperform Votes: 194 (Vote Outperform)Underperform Votes: 277 (Vote Underperform)Total Votes: 471MarketBeat'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. This page was last updated on 5/26/2019 by MarketBeat.com StaffFeatured Article: How can investors find ex-dividend dates? Receive Analysts' Upgrades and Downgrades Daily Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.