Virtu Financial LLC acquired a new position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 56,077 shares of the asset manager's stock, valued at approximately $613,000. Virtu Financial LLC owned 0.07% of PennantPark Floating Rate Capital as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in PFLT. Wilmington Savings Fund Society FSB purchased a new position in PennantPark Floating Rate Capital during the third quarter valued at approximately $39,000. Investment Partners LTD. bought a new position in PennantPark Floating Rate Capital in the 4th quarter worth $109,000. Sigma Planning Corp bought a new stake in PennantPark Floating Rate Capital during the fourth quarter valued at about $119,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of PennantPark Floating Rate Capital in the fourth quarter valued at about $131,000. Finally, Blue Trust Inc. bought a new position in shares of PennantPark Floating Rate Capital in the fourth quarter worth about $136,000. 19.77% of the stock is currently owned by institutional investors.
PennantPark Floating Rate Capital Price Performance
NASDAQ PFLT traded down $0.15 during trading on Friday, hitting $11.28. 860,628 shares of the stock traded hands, compared to its average volume of 927,190. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.57. PennantPark Floating Rate Capital Ltd. has a 12-month low of $10.28 and a 12-month high of $12.02. The firm has a 50-day simple moving average of $11.18 and a 200-day simple moving average of $11.21. The company has a market capitalization of $991.70 million, a P/E ratio of 8.05 and a beta of 1.67.
PennantPark Floating Rate Capital Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a dividend yield of 10.91%. The ex-dividend date is Friday, March 14th. PennantPark Floating Rate Capital's payout ratio is 87.86%.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. StockNews.com cut PennantPark Floating Rate Capital from a "hold" rating to a "sell" rating in a report on Wednesday, March 19th. Raymond James assumed coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a "market perform" rating on the stock.
Check Out Our Latest Stock Report on PennantPark Floating Rate Capital
PennantPark Floating Rate Capital Profile
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Free Report)
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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