D. E. Shaw & Co. Inc. Has $334,000 Position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

D. E. Shaw & Co. Inc. increased its position in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 199.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,558 shares of the asset manager’s stock after acquiring an additional 20,345 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in PennantPark Floating Rate Capital were worth $334,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Quarry LP lifted its stake in shares of PennantPark Floating Rate Capital by 190.2% during the fourth quarter. Quarry LP now owns 3,674 shares of the asset manager’s stock valued at $40,000 after acquiring an additional 2,408 shares during the period. Investment Partners LTD. acquired a new position in shares of PennantPark Floating Rate Capital during the fourth quarter valued at $109,000. Sigma Planning Corp acquired a new position in PennantPark Floating Rate Capital in the fourth quarter valued at about $119,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in PennantPark Floating Rate Capital in the fourth quarter valued at about $131,000. Finally, Blue Trust Inc. acquired a new position in PennantPark Floating Rate Capital in the fourth quarter valued at about $136,000. Institutional investors and hedge funds own 19.77% of the company’s stock.

PennantPark Floating Rate Capital Stock Up 0.4%

NASDAQ:PFLT opened at $10.09 on Tuesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $1.00 billion, a PE ratio of 7.20 and a beta of 1.01. PennantPark Floating Rate Capital Ltd. has a 52-week low of $8.82 and a 52-week high of $12.02. The stock has a 50-day simple moving average of $10.20 and a 200 day simple moving average of $10.77.

PennantPark Floating Rate Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, May 15th will be paid a $0.1025 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $1.23 dividend on an annualized basis and a yield of 12.20%. PennantPark Floating Rate Capital’s dividend payout ratio is 136.67%.

Analysts Set New Price Targets

Several research firms have weighed in on PFLT. Keefe, Bruyette & Woods cut their target price on PennantPark Floating Rate Capital from $11.50 to $11.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 8th. UBS Group lowered their price target on PennantPark Floating Rate Capital from $11.50 to $10.50 and set a “neutral” rating for the company in a report on Thursday, April 17th. LADENBURG THALM/SH SH upgraded PennantPark Floating Rate Capital from a “neutral” rating to a “buy” rating and set a $10.50 price target for the company in a report on Tuesday, May 13th. Maxim Group set a $11.50 price target on PennantPark Floating Rate Capital and gave the stock a “buy” rating in a report on Wednesday, May 14th. Finally, Wall Street Zen downgraded PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, PennantPark Floating Rate Capital has an average rating of “Hold” and an average price target of $11.08.

Insider Buying and Selling at PennantPark Floating Rate Capital

In related news, Director Jose A. Briones purchased 9,840 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was purchased at an average cost of $10.15 per share, for a total transaction of $99,876.00. Following the completion of the purchase, the director now directly owns 329,438 shares in the company, valued at $3,343,795.70. This trade represents a 3.08% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

PennantPark Floating Rate Capital Profile

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.