NASDAQ:PFLT PennantPark Floating Rate Capital (PFLT) Stock Price, News & Analysis → This consistently signaled gains of 453%... 610%... and even 1036%... (From Insiders Exposed) (Ad) Free PFLT Stock Alerts $11.38 -0.04 (-0.35%) (As of 03/28/2024 ET) Add Compare Share Share Today's Range$11.35▼$11.6050-Day Range$11.08▼$11.7852-Week Range$9.69▼$12.63Volume1.96 million shsAverage Volume579,526 shsMarket Capitalization$701.04 millionP/E Ratio10.16Dividend Yield10.81%Price Target$11.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsSocial Media Get PennantPark Floating Rate Capital alerts: Email Address PennantPark Floating Rate Capital MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside3.3% Upside$11.75 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.61Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth2.38%From $1.26 to $1.29 Per ShareSee Full Details Hide Full Details 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.0.66 out of 5 starsFinance Sector802nd out of 849 stocksInvestors, Not Elsewhere Classified Industry12th out of 15 stocks 1.3 Analyst's Opinion Consensus RatingPennantPark 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.Price Target Upside/DownsideAccording to analysts' consensus price target of $11.75, PennantPark Floating Rate Capital has a forecasted upside of 3.3% from its current price of $11.38.Amount of Analyst CoveragePennantPark Floating Rate Capital has only been the subject of 1 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PFLT. Previous Next 1.7 Dividend Strength Dividend LeadershipPennantPark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 10.91%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantPark Floating Rate Capital has only been increasing its dividend for 1 years.Dividend CoverageThe 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 SustainabilityBased on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 95.35% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFLT. Previous Next 2.6 News and Social Media Coverage News SentimentPennantPark Floating Rate Capital has a news sentiment score of 0.61. 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 news sentiment score is similar to the average news sentiment of Finance companies.News Coverage This WeekMarketBeat has tracked 5 news articles for PennantPark Floating Rate Capital this week, compared to 1 article on an average week.Search InterestOnly 18 people have searched for PFLT on MarketBeat in the last 30 days. This is a decrease of -55% compared to the previous 30 days.MarketBeat Follows12 people have added PennantPark Floating Rate Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennantPark Floating Rate Capital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of PennantPark Floating Rate Capital is held by insiders.Percentage Held by InstitutionsOnly 19.77% of the stock of PennantPark Floating Rate Capital is held by institutions. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for PennantPark Floating Rate Capital are expected to grow by 2.38% in the coming year, from $1.26 to $1.29 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennantPark Floating Rate Capital is 10.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 146.97.Price to Earnings Ratio vs. SectorThe P/E ratio of PennantPark Floating Rate Capital is 10.16, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 58.29.Price to Book Value per Share RatioPennantPark Floating Rate Capital has a P/B Ratio of 1.02. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad MarketBeatYour $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionStart Your Risk-Free Trial Here 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.Read More PFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFLT Stock News HeadlinesMarch 27, 2024 | americanbankingnews.comPennantPark Floating Rate Capital (NASDAQ:PFLT) Given "Market Outperform" Rating at JMP SecuritiesMarch 26, 2024 | americanbankingnews.comPennantPark Floating Rate Capital (NASDAQ:PFLT) Shares Cross Above 200-Day Moving Average of $11.17March 29, 2024 | Crypto Swap Profits (Ad)Grab Your Free Bitcoin Today!And my special guest is willing to give you $10 in Bitcoin (BTC) if you take it seriously. Right now is a very important time to pay attention to what we are doing and what is happening. If you wait... it will be too late. This week we are holding several workshops and if you attend and pay attention my special guest is going to send you $10 in Bitcoin.March 21, 2024 | finance.yahoo.comPFLT Nov 2024 12.500 callMarch 7, 2024 | finance.yahoo.comPFLT Apr 2024 12.500 putMarch 4, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareFebruary 26, 2024 | seekingalpha.comPennantPark Floating Rate Capital: Generating High Monthly IncomeFebruary 22, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Completes CLO, Marking Continued Growth in PennantPark's CLO PlatformMarch 29, 2024 | MarketBeat (Ad)Your $200 account credit is about to expireUpdate to MarketBeat All Access and Save $300 on Your Annual SubscriptionFebruary 22, 2024 | fool.comWant $500 in Super Safe Annual Dividend Income? Invest $5,350 Into the Following 3 Ultra-Cheap, Ultra-High-Yield Stocks.February 22, 2024 | seekingalpha.comPennantPark Floating Rate Capital: When Being Conservative Pays OffFebruary 16, 2024 | finance.yahoo.comPFLT Mar 2024 10.000 callFebruary 15, 2024 | finance.yahoo.comDown -5.42% in 4 Weeks, Here's Why You Should You Buy the Dip in PennantPark (PFLT)February 9, 2024 | benzinga.comTuesday Is Your Last Chance To Buy PennantPark Floating Rate Before The Dividend PayoutFebruary 9, 2024 | msn.comPennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q1 2024 Earnings Call TranscriptFebruary 9, 2024 | finance.yahoo.comPennantPark (PFLT) Upgraded to Buy: Here's What You Should KnowFebruary 8, 2024 | uk.finance.yahoo.comQ1 2024 PennantPark Floating Rate Capital Ltd Earnings CallFebruary 7, 2024 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Reports Incremental NAV and Income Growth in Q1February 7, 2024 | msn.comPennantPark Floating Rate, PennantPark Investment Q1 NII each top consensusFebruary 7, 2024 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2023February 6, 2024 | markets.businessinsider.comHere's what to expect from Pennantpark Investment's earningsFebruary 6, 2024 | barrons.comPennantPark Floating Rate Capital Ltd.February 3, 2024 | msn.com5 Stocks You Have Never Heard of Pay Massive DividendsFebruary 2, 2024 | morningstar.comPennantPark Floating Rate Capital LtdFebruary 2, 2024 | msn.comPennantPark declares $0.1025 dividendFebruary 2, 2024 | finance.yahoo.comPennantPark (PFLT) Increases Yet Falls Behind Market: What Investors Need to KnowFebruary 2, 2024 | seekingalpha.comPennantPark Floating Rate Capital: One Of My Favorite BDCs, But Market Liquidity Risks RisingSee More Headlines Receive PFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennantPark Floating Rate Capital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings2/07/2024Ex-Dividend for 3/1 Dividend2/14/2024Dividend Payable3/01/2024Ex-Dividend for 4/1 Dividend3/15/2024Today3/28/2024Dividend Payable4/01/2024Next Earnings (Estimated)5/08/2024Fiscal Year End9/30/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Investors, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:PFLT CUSIPN/A CIK1504619 Webwww.pennantpark.com Phone(212) 905-1000Fax212-905-1075EmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Target$11.75 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside+3.3%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.12 Trailing P/E Ratio10.16 Forward P/E Ratio9.03 P/E GrowthN/ANet Income$39.26 million Net Margins43.40% Pretax Margin43.40% Return on Equity11.83% Return on Assets5.92% Debt Debt-to-Equity Ratio0.34 Current Ratio0.19 Quick Ratio0.19 Sales & Book Value Annual Sales$139.34 million Price / Sales5.03 Cash Flow$1.35 per share Price / Cash Flow8.43 Book Value$11.13 per share Price / Book1.02Miscellaneous Outstanding Shares61,630,000Free Float61,012,000Market Cap$701.04 million OptionableOptionable Beta1.69 (Almost) Everything You Need To Know About The EV MarketClick the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise. Get This Free Report Key ExecutivesMr. 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 VisgilioManager of OperationsMr. Frank Galea C.F.A. (Age 56)Chief Compliance Officer Mr. P. Whitridge Williams Jr.J.D., PartnerMr. Brian KendallSenior Vice PresidentMr. Boaz Magid (Age 46)MD, Head of Europe & CEO of PennantPark Europe, B.V. Mr. Scott C. McCabeMD & Head of Private Wealth Distribution at MiamiMr. Richard W. Van HoutenSenior Vice President of HoustonMore ExecutivesKey CompetitorsGladstone InvestmentNASDAQ:GAINPennantPark InvestmentNASDAQ:PNNTTriplePoint Venture Growth BDCNYSE:TPVGCapital SouthwestNASDAQ:CSWCStellus Capital InvestmentNYSE:SCMView All CompetitorsInstitutional OwnershipGoldman Sachs Group Inc.Sold 98,841 shares on 3/1/2024Ownership: 0.034%Creekmur Asset Management LLCBought 10,371 shares on 3/1/2024Ownership: 0.017%Legal & General Group PlcBought 96,697 shares on 2/15/2024Ownership: 0.740%Virtus ETF Advisers LLCSold 24,448 shares on 2/15/2024Ownership: 0.076%Citadel Advisors LLCBought 4,500 shares on 2/15/2024Ownership: 0.000%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 equities research analysts have issued 12 month target prices for PennantPark Floating Rate Capital's stock. 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 3.3% 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 on January 1st, 2024. Since then, PFLT stock has decreased by 6.0% and is now trading at $11.3750. 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 were PennantPark Floating Rate Capital's earnings last quarter? PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) issued its quarterly earnings results on Wednesday, February, 7th. The asset manager reported $0.33 EPS for the quarter, beating the consensus estimate 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%. 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 Monday, March 4th. Stockholders of record on Monday, March 18th will be given a dividend of $0.1025 per share on Monday, April 1st. This represents a $1.23 annualized dividend and a yield of 10.81%. The ex-dividend date of this dividend is Friday, March 15th. 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 10.91%. 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 95.35% 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 many different institutional and retail investors. Top institutional shareholders include Sound Income Strategies LLC (5.53%), Van ECK Associates Corp (1.74%), Legal & General Group Plc (0.74%), NewEdge Wealth LLC (0.53%), International Assets Investment Management LLC (0.49%) and Prevail Innovative Wealth Advisors LLC (0.34%). 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. 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