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Stock market today: Asian shares are mostly higher after another set of Wall St records
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Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Asian shares are mostly higher after another set of Wall St records
Delta Airline’s Put Option Activity Isn’t Bad News
3 Value Stocks Too Small For Buffett’s Portfolio
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:PFLT

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

$11.38
-0.04 (-0.35%)
(As of 03/28/2024 ET)
Today's Range
$11.35
$11.60
50-Day Range
$11.08
$11.78
52-Week Range
$9.69
$12.63
Volume
1.96 million shs
Average Volume
579,526 shs
Market Capitalization
$701.04 million
P/E Ratio
10.16
Dividend Yield
10.81%
Price Target
$11.75

PennantPark Floating Rate Capital MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
3.3% Upside
$11.75 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of PennantPark Floating Rate Capital in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.38%
From $1.26 to $1.29 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.

0.66 out of 5 stars

Finance Sector

802nd out of 849 stocks

Investors, Not Elsewhere Classified Industry

12th out of 15 stocks

PFLT stock logo

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

PFLT Stock News Headlines

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PFLT Nov 2024 12.500 call
PFLT Apr 2024 12.500 put
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PFLT Mar 2024 10.000 call
Q1 2024 PennantPark Floating Rate Capital Ltd Earnings Call
Here's what to expect from Pennantpark Investment's earnings
PennantPark Floating Rate Capital Ltd.
PennantPark Floating Rate Capital Ltd
PennantPark declares $0.1025 dividend
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/1 Dividend
2/14/2024
Dividend Payable
3/01/2024
Ex-Dividend for 4/1 Dividend
3/15/2024
Today
3/28/2024
Dividend Payable
4/01/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
9/30/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Investors, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:PFLT
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
+3.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$39.26 million
Pretax Margin
43.40%

Debt

Sales & Book Value

Annual Sales
$139.34 million
Cash Flow
$1.35 per share
Book Value
$11.13 per share

Miscellaneous

Free Float
61,012,000
Market Cap
$701.04 million
Optionable
Optionable
Beta
1.69
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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

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.

This page (NASDAQ:PFLT) was last updated on 3/29/2024 by MarketBeat.com Staff

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