PennantPark Floating Rate Capital (NASDAQ:PFLT – Get Rating) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 16th. Analysts expect PennantPark Floating Rate Capital to post earnings of $0.30 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.
PennantPark Floating Rate Capital Trading Down 1.0 %
NASDAQ:PFLT opened at $11.44 on Wednesday. The stock has a market capitalization of $518.76 million, a price-to-earnings ratio of 21.19 and a beta of 1.69. PennantPark Floating Rate Capital has a 52 week low of $9.43 and a 52 week high of $14.38. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.45. The firm has a 50 day moving average of $10.95 and a 200 day moving average of $11.70.
PennantPark Floating Rate Capital Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $1.14 annualized dividend and a dividend yield of 9.97%. PennantPark Floating Rate Capital’s dividend payout ratio is presently 211.11%.
Wall Street Analysts Forecast Growth
Institutional Trading of PennantPark Floating Rate Capital
Several large investors have recently bought and sold shares of the stock. LPL Financial LLC increased its holdings in PennantPark Floating Rate Capital by 2.6% in the 2nd quarter. LPL Financial LLC now owns 44,840 shares of the asset manager’s stock worth $515,000 after buying an additional 1,126 shares during the period. Royal Bank of Canada increased its stake in shares of PennantPark Floating Rate Capital by 11.0% in the first quarter. Royal Bank of Canada now owns 27,452 shares of the asset manager’s stock worth $371,000 after acquiring an additional 2,730 shares during the period. HighTower Advisors LLC raised its holdings in shares of PennantPark Floating Rate Capital by 4.7% during the first quarter. HighTower Advisors LLC now owns 122,368 shares of the asset manager’s stock worth $1,654,000 after purchasing an additional 5,513 shares during the last quarter. UBS Group AG lifted its position in PennantPark Floating Rate Capital by 12.3% during the first quarter. UBS Group AG now owns 53,955 shares of the asset manager’s stock valued at $729,000 after purchasing an additional 5,930 shares during the period. Finally, BNP Paribas Arbitrage SA purchased a new stake in PennantPark Floating Rate Capital in the first quarter valued at $102,000. Hedge funds and other institutional investors own 20.61% of the company’s stock.
About PennantPark Floating Rate Capital
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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