Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) announced a monthly dividend on Thursday, December 5th, Wall Street Journal reports. Stockholders of record on Thursday, December 19th will be paid a dividend of 0.095 per share by the asset manager on Thursday, January 2nd. This represents a $1.14 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Wednesday, December 18th.
NASDAQ:PFLT opened at $12.48 on Friday. The firm has a market cap of $483.88 million, a PE ratio of 10.67 and a beta of 0.75. The stock has a fifty day moving average price of $11.80 and a 200 day moving average price of $11.66. Pennantpark Floating Rate Capital has a 12-month low of $11.05 and a 12-month high of $13.42. The company has a current ratio of 0.16, a quick ratio of 0.16 and a debt-to-equity ratio of 0.45.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last issued its quarterly earnings results on Wednesday, November 20th. The asset manager reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Pennantpark Floating Rate Capital had a return on equity of 8.97% and a net margin of 12.28%. The company had revenue of $23.88 million for the quarter, compared to the consensus estimate of $23.53 million. Equities analysts forecast that Pennantpark Floating Rate Capital will post 1.18 EPS for the current year.
Several equities analysts have recently issued reports on the company. Maxim Group reiterated a “buy” rating and issued a $14.00 price objective on shares of Pennantpark Floating Rate Capital in a research note on Friday, November 22nd. Zacks Investment Research upgraded shares of Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a report on Thursday, November 28th. BidaskClub raised shares of Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating in a research report on Saturday, November 30th. ValuEngine raised Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Finally, JMP Securities cut their price target on Pennantpark Floating Rate Capital from $13.50 to $13.00 and set a “market outperform” rating on the stock in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $13.50.
Pennantpark Floating Rate Capital Company 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.
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