PennantPark Floating Rate Capital (PFLT) Scheduled to Post Earnings on Wednesday

PennantPark Floating Rate Capital (NASDAQ:PFLTGet Rating) will issue its quarterly earnings data after the market closes on Wednesday, May 4th. Analysts expect the company to announce earnings of $0.28 per share for the quarter.

PennantPark Floating Rate Capital (NASDAQ:PFLTGet Rating) last released its earnings results on Wednesday, February 9th. The asset manager reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.05. The business had revenue of $26.34 million for the quarter, compared to analyst estimates of $21.53 million. PennantPark Floating Rate Capital had a net margin of 50.76% and a return on equity of 8.80%. During the same quarter in the previous year, the business earned $0.26 earnings per share. On average, analysts expect PennantPark Floating Rate Capital to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

PFLT stock opened at $13.41 on Wednesday. The firm has a market cap of $525.01 million, a price-to-earnings ratio of 11.56 and a beta of 1.86. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.45. PennantPark Floating Rate Capital has a 12-month low of $11.74 and a 12-month high of $14.38. The company’s fifty day simple moving average is $13.35 and its 200 day simple moving average is $13.20.

The company also recently announced a monthly dividend, which will be paid on Monday, May 2nd. Investors of record on Monday, April 18th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, April 14th. This represents a $1.14 annualized dividend and a yield of 8.50%. PennantPark Floating Rate Capital’s payout ratio is 98.28%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its holdings in shares of PennantPark Floating Rate Capital by 9.0% during the fourth quarter. BlackRock Inc. now owns 296,029 shares of the asset manager’s stock valued at $3,780,000 after purchasing an additional 24,493 shares during the period. Virtu Financial LLC acquired a new stake in shares of PennantPark Floating Rate Capital in the 4th quarter worth about $311,000. Toroso Investments LLC raised its holdings in shares of PennantPark Floating Rate Capital by 47.8% in the 4th quarter. Toroso Investments LLC now owns 40,631 shares of the asset manager’s stock worth $519,000 after acquiring an additional 13,145 shares during the last quarter. Advisors Asset Management Inc. raised its holdings in shares of PennantPark Floating Rate Capital by 12.5% in the 4th quarter. Advisors Asset Management Inc. now owns 208,403 shares of the asset manager’s stock worth $2,661,000 after acquiring an additional 23,170 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in shares of PennantPark Floating Rate Capital by 6.0% in the 4th quarter. Stifel Financial Corp now owns 84,330 shares of the asset manager’s stock worth $1,077,000 after acquiring an additional 4,781 shares during the last quarter. Hedge funds and other institutional investors own 23.70% of the company’s stock.

Several equities analysts recently issued reports on the stock. StockNews.com assumed coverage on shares of PennantPark Floating Rate Capital in a report on Thursday, March 31st. They issued a “hold” rating on the stock. TheStreet lowered shares of PennantPark Floating Rate Capital from a “b-” rating to a “c” rating in a report on Friday, February 11th. Finally, Zacks Investment Research lowered shares of PennantPark Floating Rate Capital from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Four equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.83.

PennantPark Floating Rate Capital Company Profile (Get Rating)

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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Earnings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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