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NASDAQ:PFLTPennantpark Floating Rate Capital Stock Price, Forecast & News

$8.37
+0.01 (+0.12 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$8.31
Now: $8.37
$8.60
50-Day Range
$7.04
MA: $8.31
$9.48
52-Week Range
$3.34
Now: $8.37
$12.67
Volume152,400 shs
Average Volume290,317 shs
Market Capitalization$324.50 million
P/E Ratio418.71
Dividend Yield13.62%
Beta1.84
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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Pennantpark Floating Rate Capital logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 1.8Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.27 out of 5 stars


Industry, Sector and Symbol

Industry Investors, not elsewhere classified
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:PFLT
CUSIPN/A
Phone212-905-1000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$92.95 million
Cash Flow$1.14 per share
Book Value$12.98 per share

Profitability

Net Income$11.42 million

Miscellaneous

EmployeesN/A
Market Cap$324.50 million
Next Earnings Date8/5/2020 (Estimated)
OptionableOptionable

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Pennantpark Floating Rate Capital (NASDAQ:PFLT) Frequently Asked Questions

How has Pennantpark Floating Rate Capital's stock been impacted by COVID-19 (Coronavirus)?

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 decreased by 13.3% and is now trading at $8.37. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Pennantpark Floating Rate Capital?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pennantpark Floating Rate Capital in the last year. There are currently 1 hold rating and 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Pennantpark Floating Rate Capital.

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 5th 2020. View our earnings forecast for Pennantpark Floating Rate Capital.

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

Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) announced its earnings results on Monday, May, 11th. The asset manager reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.02. The asset manager had revenue of $26.33 million for the quarter, compared to the consensus estimate of $24.69 million. Pennantpark Floating Rate Capital had a return on equity of 9.20% and a net margin of 0.78%. View Pennantpark Floating Rate Capital's earnings history.

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 Tuesday, June 2nd. Stockholders of record on Wednesday, June 17th will be paid a dividend of $0.095 per share on Wednesday, July 1st. This represents a $1.14 dividend on an annualized basis and a yield of 13.62%. The ex-dividend date is Tuesday, June 16th. View Pennantpark Floating Rate Capital's dividend history.

What price target have analysts set for PFLT?

2 brokers have issued 1-year target prices for Pennantpark Floating Rate Capital's stock. Their forecasts range from $10.50 to $14.00. On average, they anticipate Pennantpark Floating Rate Capital's share price to reach $12.25 in the next year. This suggests a possible upside of 46.4% from the stock's current price. View analysts' price targets for Pennantpark Floating Rate Capital.

Has Pennantpark Floating Rate Capital been receiving favorable news coverage?

News coverage about PFLT stock has trended somewhat negative on Friday, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Pennantpark Floating Rate Capital earned a media sentiment score of -1.3 on InfoTrie's scale. They also assigned news stories about the asset manager a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Pennantpark Floating Rate Capital.

Are investors shorting Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 297,200 shares, an increase of 26.7% from the May 31st total of 234,500 shares. Based on an average daily trading volume, of 382,500 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the shares of the company are sold short. View Pennantpark Floating Rate Capital's Current Options Chain.

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), Coca-Cola (KO), Gladstone Investment (GAIN), Main Street Capital (MAIN), Prospect Capital (PSEC), The Zweig Total Return Fund (ZTR) and Enterprise Products Partners (EPD).

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 & 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.

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 many different institutional and retail investors. Top institutional shareholders include Confluence Investment Management LLC (0.24%). 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 institutional investors are selling Pennantpark Floating Rate Capital stock?

PFLT stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC. View insider buying and selling activity 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, Robinhood, 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 $8.37.

How big of a company is Pennantpark Floating Rate Capital?

Pennantpark Floating Rate Capital has a market capitalization of $324.50 million and generates $92.95 million in revenue each year. The asset manager earns $11.42 million in net income (profit) each year or $1.17 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.

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 7/3/2020 by MarketBeat.com Staff

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