Should I buy or sell PennantPark Floating Rate Capital stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PFLT shares. View PFLT analyst ratings or view top-rated stocks .

What is PennantPark Floating Rate Capital's stock price target for 2024?

2 brokers have issued twelve-month price objectives for PennantPark Floating Rate Capital's shares. Their PFLT share price targets range from $11.00 to $12.50. On average, they predict the company's share price to reach $11.75 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View analysts price targets for PFLT or view top-rated stocks among Wall Street analysts .

How have PFLT shares performed in 2024?

PennantPark Floating Rate Capital's stock was trading at $12.10 at the start of the year. Since then, PFLT stock has decreased by 7.0% and is now trading at $11.25. View the best growth stocks for 2024 here .

When is PennantPark Floating Rate Capital's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our PFLT earnings forecast .

How can I listen to PennantPark Floating Rate Capital's earnings call?

PennantPark Floating Rate Capital will be holding an earnings conference call on Thursday, May 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link .

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

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) posted its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The asset manager earned $37.97 million during the quarter, compared to analyst estimates of $35.03 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 11.83% and a net margin of 43.40%.

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, April 2nd. Shareholders of record on Monday, April 15th will be given a dividend of $0.1025 per share on Wednesday, May 1st. This represents a $1.23 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Friday, April 12th. Read our dividend analysis for PFLT .

Is PennantPark Floating Rate Capital a good dividend stock?

PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.23 per share and currently has a dividend yield of 11.09%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.82%. 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 96.85% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for PFLT .

What ETFs hold PennantPark Floating Rate Capital's stock?

ETFs with the largest weight of PennantPark Floating Rate Capital (NASDAQ:PFLT) stock in their portfolio include Sound Enhanced Fixed Income ETF (FXED) , Sound Enhanced Fixed Income ETF (SDEF) and Virtus Private Credit Strategy ETF (VPC) . VanEck BDC Income ETF (BIZD) .

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) , Enterprise Products Partners (EPD) and Virtus Global Dividend & Income Fund (ZTR) .

Who are PennantPark Floating Rate Capital's major shareholders?

PennantPark Floating Rate Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (5.59%). View institutional ownership trends .

How do I buy shares of PennantPark Floating Rate Capital?

Shares of PFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

NASDAQ:PFLT

PennantPark Floating Rate Capital (PFLT) Stock Price, News & Analysis

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$11.25

+0.14 (+1.26%)

(As of 04/18/2024 ET)

Compare

Today's Range: $11.10
▼
$11.27
50-Day Range: $11.07
▼
$11.51
52-Week Range: $9.69
▼
$12.63

Volume: 306,881 shs
Average Volume: 647,053 shs
Market Capitalization: $693.34 million

P/E Ratio: 10.04
Dividend Yield: 10.93%
Price Target: $11.75

Get PennantPark Floating Rate Capital alerts:

PennantPark Floating Rate Capital MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 4.4% Upside
$11.75 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.24
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -1.55%
From $1.29 to $1.27 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.56 out of 5 stars

Finance Sector

788th out of 822 stocks

Investors, Not Elsewhere Classified Industry

12th out of 15 stocks

1.3

Analyst's Opinion

Consensus Rating
PennantPark Floating Rate Capital has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
PennantPark Floating Rate Capital has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for PFLT.

1.7

Dividend Strength

Dividend Leadership
PennantPark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 11.09%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
PennantPark Floating Rate Capital has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of PennantPark Floating Rate Capital is 109.82%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 96.85% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for PFLT.

3.5

News and Social Media Coverage

News Sentiment
PennantPark Floating Rate Capital has a news sentiment score of 1.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for PennantPark Floating Rate Capital this week, compared to 1 article on an average week.
Search Interest
Only 19 people have searched for PFLT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.
MarketBeat Follows
14 people have added PennantPark Floating Rate Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, PennantPark Floating Rate Capital insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.00% of the stock of PennantPark Floating Rate Capital is held by insiders.
Percentage Held by Institutions
Only 19.77% of the stock of PennantPark Floating Rate Capital is held by institutions.

1.3

Earnings and Valuation

Earnings Growth
Earnings for PennantPark Floating Rate Capital are expected to decrease by -1.55% in the coming year, from $1.29 to $1.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of PennantPark Floating Rate Capital is 10.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.
Price to Earnings Ratio vs. Sector
The P/E ratio of PennantPark Floating Rate Capital is 10.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.02.
Price to Book Value per Share Ratio
PennantPark Floating Rate Capital has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About PennantPark Floating Rate Capital Stock (NASDAQ:PFLT)

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.

PFLT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

PFLT Stock News Headlines

April 11, 2024 | americanbankingnews.com

PennantPark Floating Rate Capital (NASDAQ:PFLT) Stock Price Crosses Above 200 Day Moving Average of $11.21

April 9, 2024 | seekingalpha.com

Better Stock Than Its Sister: PennantPark Floating Rate Capital

April 18, 2024 | Gold Safe Exchange (Ad)

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April 3, 2024 | globenewswire.com

PennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 Results

April 2, 2024 | globenewswire.com

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

April 1, 2024 | msn.com

SPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1535

March 21, 2024 | finance.yahoo.com

PFLT Nov 2024 12.500 call

March 7, 2024 | finance.yahoo.com

PFLT Apr 2024 12.500 put

April 18, 2024 | Gold Safe Exchange (Ad)

The “Perfect Storm” for Gold

Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.

March 4, 2024 | globenewswire.com

PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share

February 26, 2024 | seekingalpha.com

PennantPark Floating Rate Capital: Generating High Monthly Income

February 22, 2024 | globenewswire.com

PennantPark Floating Rate Capital Ltd. Completes CLO, Marking Continued Growth in PennantPark's CLO Platform

February 22, 2024 | fool.com

Want $500 in Super Safe Annual Dividend Income? Invest $5,350 Into the Following 3 Ultra-Cheap, Ultra-High-Yield Stocks.

February 22, 2024 | seekingalpha.com

PennantPark Floating Rate Capital: When Being Conservative Pays Off

February 16, 2024 | finance.yahoo.com

PFLT Mar 2024 10.000 call

February 15, 2024 | finance.yahoo.com

Down -5.42% in 4 Weeks, Here's Why You Should You Buy the Dip in PennantPark (PFLT)

February 9, 2024 | benzinga.com

Tuesday Is Your Last Chance To Buy PennantPark Floating Rate Before The Dividend Payout

February 9, 2024 | msn.com

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q1 2024 Earnings Call Transcript

February 9, 2024 | finance.yahoo.com

PennantPark (PFLT) Upgraded to Buy: Here's What You Should Know

February 8, 2024 | uk.finance.yahoo.com

Q1 2024 PennantPark Floating Rate Capital Ltd Earnings Call

February 7, 2024 | finance.yahoo.com

PennantPark Floating Rate Capital Ltd. Reports Incremental NAV and Income Growth in Q1

February 7, 2024 | msn.com

PennantPark Floating Rate, PennantPark Investment Q1 NII each top consensus

February 7, 2024 | finance.yahoo.com

PennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2023

February 6, 2024 | markets.businessinsider.com

Here's what to expect from Pennantpark Investment's earnings

February 6, 2024 | barrons.com

PennantPark Floating Rate Capital Ltd.

February 3, 2024 | msn.com

5 Stocks You Have Never Heard of Pay Massive Dividends

February 2, 2024 | morningstar.com

PennantPark Floating Rate Capital Ltd

See More Headlines

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Company Calendar

Last Earnings: 2/07/2024
Ex-Dividend for 4/1 Dividend: 3/15/2024
Dividend Payable: 4/01/2024
Ex-Dividend for 5/1 Dividend: 4/12/2024
Today: 4/18/2024
Dividend Payable: 5/01/2024
Next Earnings (Confirmed): 5/08/2024
Fiscal Year End: 9/30/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Finance
Industry: Investors, not elsewhere classified
Sub-Industry: N/A
Current Symbol: NASDAQ:PFLT
CUSIP: N/A
CIK: 1504619
Web: www.pennantpark.com
Phone: (212) 905-1000
Fax: 212-905-1075
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $11.75
High Stock Price Target: $12.50
Low Stock Price Target: $11.00
Potential Upside/Downside: +4.9%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $1.12
Trailing P/E Ratio: 10.00
Forward P/E Ratio: 8.68
P/E Growth: N/A
Net Income: $39.26 million
Net Margins: 43.40%
Pretax Margin: 43.40%
Return on Equity: 11.83%
Return on Assets: 5.92%

Debt

Debt-to-Equity Ratio: 0.34
Current Ratio: 0.19
Quick Ratio: 0.19

Sales & Book Value

Annual Sales: $139.34 million
Price / Sales: 4.95
Cash Flow: $1.35 per share
Price / Cash Flow: 8.29
Book Value: $11.13 per share
Price / Book: 1.01

Miscellaneous

Outstanding Shares: 61,630,000
Free Float: 61,012,000
Market Cap: $690.26 million
Optionable: Optionable
Beta: 1.68

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Key Executives

Mr. Arthur Howard Penn (Age 61)
Founder, Chairman & CEO
Mr. Richard Thomas Allorto Jr. (Age 52)
CPA, CFO & Treasurer
Mr. Jose A. Briones Jr. (Age 53)
Partner & Director
Mr. Matthew Visgilio
Manager of Operations
Mr. Frank Galea C.F.A. (Age 56)
Chief Compliance Officer
Mr. P. Whitridge Williams Jr.
J.D., Partner
Mr. Brian Kendall
Senior Vice President
Mr. Boaz Magid (Age 46)
MD, Head of Europe & CEO of PennantPark Europe, B.V.
Mr. Scott C. McCabe
MD & Head of Private Wealth Distribution at Miami
Mr. Richard W. Van Houten
Senior Vice President of Houston

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

PFLT Stock Analysis - Frequently Asked Questions

Should I buy or sell PennantPark Floating Rate Capital stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PFLT shares.
View PFLT analyst ratings or view top-rated stocks.
What is PennantPark Floating Rate Capital's stock price target for 2024?: 2 brokers have issued twelve-month price objectives for PennantPark Floating Rate Capital's shares. Their PFLT share price targets range from $11.00 to $12.50. On average, they predict the company's share price to reach $11.75 in the next year. This suggests a possible upside of 4.4% from the stock's current price.
View analysts price targets for PFLT or view top-rated stocks among Wall Street analysts.
How have PFLT shares performed in 2024?: PennantPark Floating Rate Capital's stock was trading at $12.10 at the start of the year. Since then, PFLT stock has decreased by 7.0% and is now trading at $11.25.
View the best growth stocks for 2024 here.
When is PennantPark Floating Rate Capital's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PFLT earnings forecast.
How can I listen to PennantPark Floating Rate Capital's earnings call?: PennantPark Floating Rate Capital will be holding an earnings conference call on Thursday, May 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link.
How were PennantPark Floating Rate Capital's earnings last quarter?: PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) posted its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The asset manager earned $37.97 million during the quarter, compared to analyst estimates of $35.03 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 11.83% and a net margin of 43.40%.

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, April 2nd. Shareholders of record on Monday, April 15th will be given a dividend of $0.1025 per share on Wednesday, May 1st. This represents a $1.23 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Friday, April 12th.
Read our dividend analysis for PFLT.
Is PennantPark Floating Rate Capital a good dividend stock?: PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.23 per share and currently has a dividend yield of 11.09%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.82%. 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 96.85% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for PFLT.
What ETFs hold PennantPark Floating Rate Capital's stock?: ETFs with the largest weight of PennantPark Floating Rate Capital (NASDAQ:PFLT) stock in their portfolio include Sound Enhanced Fixed Income ETF (FXED), Sound Enhanced Fixed Income ETF (SDEF) and Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD).
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), Enterprise Products Partners (EPD) and Virtus Global Dividend & Income Fund (ZTR).
Who are PennantPark Floating Rate Capital's major shareholders?: PennantPark Floating Rate Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (5.59%).
View institutional ownership trends.
How do I buy shares of PennantPark Floating Rate Capital?: Shares of PFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:PFLT) was last updated on 4/18/2024 by MarketBeat.com Staff

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PennantPark Floating Rate Capital (PFLT) Stock Price, News & Analysis

PennantPark Floating Rate Capital MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About PennantPark Floating Rate Capital Stock (NASDAQ:PFLT)

PFLT Stock Price History

PFLT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

PFLT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™