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

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.

2 Wall Street research analysts have issued twelve-month target prices 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 twelve months. This suggests a possible upside of 4.4% from the stock's current price.
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PennantPark Floating Rate Capital's stock was trading at $12.10 at the beginning of 2024. Since then, PFLT stock has decreased by 7.0% and is now trading at $11.25.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PFLT earnings forecast.

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.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) announced its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.33 EPS 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 analysts' expectations 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%.

PennantPark Floating Rate Capital declared a monthly dividend on Tuesday, April 2nd. Investors 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 annualized dividend and a dividend yield of 10.93%. The ex-dividend date is Friday, April 12th.
Read our dividend analysis for PFLT.

PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.23 per share and currently has a dividend yield of 11.07%. 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.

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).

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).

PennantPark Floating Rate Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (5.59%).
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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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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