NASDAQ:PFLT PennantPark Floating Rate Capital (PFLT) Stock Price, News & Analysis $11.44 -0.03 (-0.26%) (As of 09/6/2024 ET) Add Compare Share Share Today's Range$11.36▼$11.5250-Day Range$10.50▼$11.9552-Week Range$9.69▼$12.63Volume503,575 shsAverage Volume796,389 shsMarket Capitalization$763.37 millionP/E Ratio7.73Dividend Yield10.75%Price Target$12.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsTrends Get PennantPark Floating Rate Capital alerts: Email Address PennantPark Floating Rate Capital MarketRank™ Stock AnalysisAnalyst RatingBuy3.00 Rating ScoreUpside/Downside4.9% Upside$12.00 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.81Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-0.78%From $1.28 to $1.27 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.0.61 out of 5 starsFinance Sector821st out of 871 stocksInvestors, Not Elsewhere Classified Industry9th out of 13 stocks 1.5 Analyst's Opinion Consensus RatingPennantPark Floating Rate Capital has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.Amount of Analyst CoveragePennantPark Floating Rate Capital has only been the subject of 2 research reports in the past 90 days.Read more about PennantPark Floating Rate Capital's stock forecast and price target. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for PFLT. Previous Next 1.7 Dividend Strength Dividend LeadershipPennantPark Floating Rate Capital is a leading dividend payer. It pays a dividend yield of 10.77%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantPark Floating Rate Capital does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of PennantPark Floating Rate Capital is 83.11%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, PennantPark Floating Rate Capital will have a dividend payout ratio of 96.85% in the coming year. This indicates that PennantPark Floating Rate Capital may not be able to sustain their current dividend.Read more about PennantPark Floating Rate Capital's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFLT. Previous Next 3.2 News and Social Media Coverage News SentimentPennantPark Floating Rate Capital has a news sentiment score of 0.81. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.70 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 6 news articles for PennantPark Floating Rate Capital this week, compared to 2 articles on an average week.Search Interest32 people have searched for PFLT on MarketBeat in the last 30 days. This is an increase of 33% compared to the previous 30 days.MarketBeat FollowsOnly 3 people have added PennantPark Floating Rate Capital to their MarketBeat watchlist in the last 30 days. This is a decrease of -75% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, PennantPark Floating Rate Capital insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 1.00% of the stock of PennantPark Floating Rate Capital is held by insiders.Percentage Held by InstitutionsOnly 19.77% of the stock of PennantPark Floating Rate Capital is held by institutions.Read more about PennantPark Floating Rate Capital's insider trading history. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for PennantPark Floating Rate Capital are expected to decrease by -0.78% in the coming year, from $1.28 to $1.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennantPark Floating Rate Capital is 7.73, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.80.Price to Earnings Ratio vs. SectorThe P/E ratio of PennantPark Floating Rate Capital is 7.73, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 31.96.Price to Book Value per Share RatioPennantPark Floating Rate Capital has a P/B Ratio of 1.03. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.Read more about PennantPark Floating Rate Capital's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Porter & CompanyWar on Elon Escalates… A radical, potentially game-changing technology that threatens to destroy the trillion-dollar, “green energy” grift of the elites. And yet, while it threatens their wealth and power, it could be transformational for both the U.S. economy and your wealth.One company holds a near-total monopoly on it. About PennantPark Floating Rate Capital Stock (NASDAQ:PFLT)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. companies. The fund typically invests between $2 million and $20 million. The fund also invests in equity securities, such as preferred stock, common stock, warrants or options received in connection with debt investments or through direct investments. It primarily invests between $10 million and $50 million in investments in senior secured loans and mezzanine debt. It seeks to invest in companies not rated by national rating agencies. The companies if rated would be between BB and CCC under the Standard & Poor's system. The fund invests 30% is invested in non-qualifying assets like investments in public companies whose securities are not thinly traded or do not have a market capitalization of less than $250 million, securities of middle-market companies located outside of the United States, high-yield bonds, distressed debt, private equity, securities of public companies that are not thinly traded, and investment companies as defined in the 1940 Act. Under normal conditions, the fund expects atleast 80 percent of its net assets plus any borrowings for investment purposes to be invested in Floating Rate Loans and investments with similar economic characteristics, including cash equivalents invested in money market funds. It expects to represent 65 percent of its portfolio through senior secured loans. In case of floating rate loans, it holds investments for a period of three to ten years.Read More PFLT Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart PFLT Stock News HeadlinesSeptember 4 at 9:05 AM | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareSeptember 4 at 5:21 AM | fool.comTime to Pounce: 2 Electrifying Ultra-High-Yield Dividend Stocks That Are Begging to Be Bought in SeptemberSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.September 2, 2024 | fool.comWant $500 in Annual Dividend Income? Invest $4,100 in These 2 Ultra-High-Yield Dividend Stocks.August 28, 2024 | fool.comWant $100 in Consistent Monthly Dividend Income? Invest $9,555 in These 2 Phenomenal Ultra-High-Yield Dividend Stocks.August 20, 2024 | seekingalpha.comPFLT: Dividend Coverage Of 103% Is Safer Than It SeemsAugust 13, 2024 | markets.businessinsider.comKBW Reaffirms Their Hold Rating on Pennantpark $ (PFLT)August 13, 2024 | fool.comMeet the Virtually Unknown 11%-Yielding Dividend Stock I Want to Triple My Stake in if the Stock Market CrashesSeptember 7, 2024 | Deal Maker (Ad)The solution to fast food’s wage hike crisisShake Shack will be closing six California locations in response to the recent $20/hour minimum wage increase, according to the NY Post. With a sky-high 150% turnover rate, the fast food industry is already grappling with labor issues before taking into account these wage hikes. The industry will need a projected 1 million new workers every year through 2032.August 10, 2024 | fool.comWant to Earn $1,000 in Annual Dividend Income? Invest $11,300 in These 3 High-Yield StocksAugust 8, 2024 | seekingalpha.comPennantPark Floating Rate Capital (PFLT) Q3 2024 Earnings Call TranscriptAugust 2, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareAugust 2, 2024 | ca.finance.yahoo.comPFLT Nov 2024 7.500 callJuly 26, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd Completes the Reset and Upsize of its $351.0 Million CLO IJuly 18, 2024 | seekingalpha.comPennantPark Floating Rate Capital: Abundance Of Cash That Will Fuel Growth OpportunitiesJuly 17, 2024 | seekingalpha.comPFLT: Is This 10% Dividend Income Suitable For YouJuly 16, 2024 | fool.comWant to Collect $1,000 in Safe Monthly Dividend Income? Invest $121,000 Into the Following 3 Ultra-High-Yield Dividend Stocks.July 10, 2024 | fool.comWant $1,000 in Reliable Dividend Income? Invest $11,800 in these 3 Ultra-High-Yield Dividend Stocks.See More Headlines Receive PFLT Stock News and Ratings via Email Sign-up to receive the latest news and ratings for PennantPark Floating Rate Capital and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings8/07/2024Ex-Dividend for 9/3 Dividend8/16/2024Dividend Payable9/03/2024Today9/07/2024Ex-Dividend for 10/1 Dividend9/16/2024Fiscal Year End9/30/2024Dividend Payable10/01/2024Next Earnings (Estimated)11/20/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ SectorFinance Industry Investors, not elsewhere classified Sub-IndustryN/A Current SymbolNASDAQ:PFLT CUSIPN/A CIK1504619 Webwww.pennantpark.com Phone(212) 905-1000Fax212-905-1075EmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Target$12.00 High Stock Price Target$12.00 Low Stock Price Target$12.00 Potential Upside/Downside+4.9%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.48 Trailing P/E Ratio7.73 Forward P/E Ratio8.94 P/E GrowthN/ANet Income$39.26 million Net Margins59.16% Pretax Margin59.16% Return on Equity10.99% Return on Assets5.30% Debt Debt-to-Equity Ratio0.60 Current Ratio0.22 Quick Ratio0.22 Sales & Book Value Annual Sales$105.64 million Price / Sales7.23 Cash Flow$1.35 per share Price / Cash Flow8.46 Book Value$11.13 per share Price / Book1.03Miscellaneous Outstanding Shares66,728,000Free Float66,061,000Market Cap$763.37 million OptionableOptionable Beta1.68 13 Stocks Institutional Investors Won't Stop BuyingWhich stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.Get This Free Report Key ExecutivesMr. Arthur Howard Penn (Age 61)Founder, Chairman & CEO Mr. Richard Thomas Allorto Jr. (Age 52)CPA, CFO & Treasurer Mr. Jose A. Briones Jr. (Age 53)Partner & Director Mr. Matthew VisgilioManager of OperationsMr. Frank Galea C.F.A. (Age 56)Chief Compliance Officer Ms. Sarah de la VillaDirector of Human ResourcesMr. P. Whitridge Williams Jr.J.D., PartnerMr. Brian KendallSenior Vice PresidentMr. Boaz Magid (Age 46)MD, Head of Europe & CEO of PennantPark Europe, B.V. Mr. Scott C. McCabeMD & Head of Private Wealth Distribution at MiamiMore ExecutivesKey CompetitorsGolub Capital BDCNASDAQ:GBDCProspect CapitalNASDAQ:PSECSixth Street Specialty LendingNYSE:TSLXNew Mountain FinanceNASDAQ:NMFCCapital SouthwestNASDAQ:CSWCView All CompetitorsInsiders & InstitutionsQuarry LPBought 2,920 shares on 8/16/2024Ownership: 0.004%Millennium Management LLCBought 624,342 shares on 8/15/2024Ownership: 1.175%Altshuler Shaham LtdSold 156,930 shares on 8/14/2024Ownership: 2.357%Cubist Systematic Strategies LLCBought 153,281 shares on 8/14/2024Ownership: 0.209%Marshall Wace LLPSold 5,736 shares on 8/14/2024Ownership: 0.052%View All Insider TransactionsView All Institutional Transactions PFLT Stock Analysis - Frequently Asked Questions How have PFLT shares performed this year? PennantPark Floating Rate Capital's stock was trading at $12.10 at the start of the year. Since then, PFLT shares have decreased by 5.5% and is now trading at $11.44. View the best growth stocks for 2024 here. How were PennantPark Floating Rate Capital's earnings last quarter? PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) issued its quarterly earnings data on Wednesday, August, 7th. The asset manager reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.01. The asset manager earned $48.51 million during the quarter, compared to analysts' expectations of $47.63 million. PennantPark Floating Rate Capital had a net margin of 59.16% and a trailing twelve-month return on equity of 10.99%. Who are PennantPark Floating Rate Capital's major shareholders? Top institutional shareholders of PennantPark Floating Rate Capital include Sound Income Strategies LLC (3.98%), Altshuler Shaham Ltd (2.36%), Van ECK Associates Corp (2.20%) and Millennium Management LLC (1.17%). Insiders that own company stock include Jose A Briones and Richard T Allorto Jr. View institutional ownership trends. How do I buy shares of PennantPark Floating Rate Capital? Shares of PFLT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. What other stocks do shareholders of PennantPark Floating Rate Capital own? Based on aggregate information from My MarketBeat watchlists, some other companies that PennantPark Floating Rate Capital investors own include AT&T (T), Altria Group (MO), Gladstone Capital (GLAD), Oxford Lane Capital (OXLC), Coca-Cola (KO), Gladstone Investment (GAIN) and Main Street Capital (MAIN). This page (NASDAQ:PFLT) was last updated on 9/7/2024 by MarketBeat.com Staff From Our PartnersPerfect Crypto Buying Opportunity for 50 CentsWhen cryptos take a hit, the mom and pop investors run for the hills. 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