Investment Analysts’ Recent Ratings Updates for PennantPark Floating Rate Capital (PFLT)

Several analysts have recently updated their ratings and price targets for PennantPark Floating Rate Capital (NASDAQ: PFLT):

• 4/20/2025 – PennantPark Floating Rate Capital was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/17/2025 – PennantPark Floating Rate Capital had its price target lowered by analysts at UBS Group AG from $11.50 to $10.50. They now have a “neutral” rating on the stock.
• 4/12/2025 – PennantPark Floating Rate Capital was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/8/2025 – PennantPark Floating Rate Capital had its price target lowered by analysts at Keefe, Bruyette & Woods from $11.50 to $11.00. They now have a “market perform” rating on the stock.
• 4/3/2025 – PennantPark Floating Rate Capital was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 3/19/2025 – PennantPark Floating Rate Capital was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/7/2025 – PennantPark Floating Rate Capital was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 2/25/2025 – PennantPark Floating Rate Capital was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

PennantPark Floating Rate Capital Trading Up 1.5 %

Shares of PFLT stock opened at $9.60 on Wednesday. The stock has a fifty day simple moving average of $10.70 and a two-hundred day simple moving average of $11.00. PennantPark Floating Rate Capital Ltd. has a 52-week low of $8.82 and a 52-week high of $12.02. The firm has a market capitalization of $843.94 million, a PE ratio of 6.85 and a beta of 1.30. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.15 and a current ratio of 0.15.

PennantPark Floating Rate Capital Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Investors of record on Tuesday, April 15th will be paid a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a yield of 12.82%. The ex-dividend date is Tuesday, April 15th. PennantPark Floating Rate Capital’s dividend payout ratio (DPR) is presently 87.86%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PFLT. Sound Income Strategies LLC boosted its position in shares of PennantPark Floating Rate Capital by 8.0% during the first quarter. Sound Income Strategies LLC now owns 3,585,201 shares of the asset manager’s stock worth $40,118,000 after acquiring an additional 265,162 shares during the last quarter. Van ECK Associates Corp lifted its stake in PennantPark Floating Rate Capital by 10.4% in the 4th quarter. Van ECK Associates Corp now owns 1,985,730 shares of the asset manager’s stock worth $21,704,000 after purchasing an additional 187,465 shares in the last quarter. Balyasny Asset Management L.P. boosted its holdings in shares of PennantPark Floating Rate Capital by 57.4% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,507,513 shares of the asset manager’s stock valued at $16,477,000 after purchasing an additional 549,905 shares during the last quarter. Invesco Ltd. purchased a new position in shares of PennantPark Floating Rate Capital during the fourth quarter valued at about $10,533,000. Finally, Strategic Financial Concepts LLC grew its position in shares of PennantPark Floating Rate Capital by 1,080.4% during the fourth quarter. Strategic Financial Concepts LLC now owns 723,566 shares of the asset manager’s stock valued at $7,909,000 after purchasing an additional 662,266 shares in the last quarter. 19.77% of the stock is currently owned by institutional investors.

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.