Sigma Planning Corp Has $196,000 Holdings in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Sigma Planning Corp reduced its stake in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 13.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,204 shares of the asset manager’s stock after selling 2,412 shares during the period. Sigma Planning Corp’s holdings in PennantPark Floating Rate Capital were worth $196,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PFLT. CFO4Life Group LLC purchased a new stake in PennantPark Floating Rate Capital in the 3rd quarter valued at $112,000. Calton & Associates Inc. purchased a new position in PennantPark Floating Rate Capital during the third quarter worth about $130,000. Raymond James Financial Services Advisors Inc. purchased a new stake in PennantPark Floating Rate Capital in the 3rd quarter valued at about $130,000. Commonwealth Equity Services LLC grew its holdings in shares of PennantPark Floating Rate Capital by 55.8% in the third quarter. Commonwealth Equity Services LLC now owns 19,936 shares of the asset manager’s stock valued at $213,000 after acquiring an additional 7,138 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of PennantPark Floating Rate Capital during the third quarter valued at approximately $223,000. Institutional investors own 19.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities restated a “market outperform” rating and issued a $12.50 price objective on shares of PennantPark Floating Rate Capital in a research note on Tuesday, March 26th.

PennantPark Floating Rate Capital Stock Performance

Shares of PFLT stock opened at $11.46 on Tuesday. PennantPark Floating Rate Capital Ltd. has a 52 week low of $9.69 and a 52 week high of $12.63. The firm’s 50-day simple moving average is $11.31 and its two-hundred day simple moving average is $11.29. The firm has a market cap of $706.28 million, a price-to-earnings ratio of 8.45 and a beta of 1.68. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.19 and a current ratio of 0.19.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last posted its quarterly earnings results on Wednesday, February 7th. The asset manager reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.02. PennantPark Floating Rate Capital had a net margin of 43.40% and a return on equity of 11.83%. The company had revenue of $37.97 million for the quarter, compared to analysts’ expectations of $35.03 million. As a group, equities analysts forecast that PennantPark Floating Rate Capital Ltd. will post 1.29 earnings per share for the current year.

PennantPark Floating Rate Capital Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Monday, April 15th will be paid a dividend of $0.1025 per share. The ex-dividend date is Friday, April 12th. This represents a $1.23 annualized dividend and a dividend yield of 10.73%. PennantPark Floating Rate Capital’s payout ratio is 109.82%.

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.