37,168 Shares in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Purchased by TrueMark Investments LLC

TrueMark Investments LLC bought a new stake in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 37,168 shares of the asset manager's stock, valued at approximately $406,000.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Wealth LLC increased its position in PennantPark Floating Rate Capital by 0.6% during the fourth quarter. NewEdge Wealth LLC now owns 288,372 shares of the asset manager's stock worth $3,152,000 after acquiring an additional 1,700 shares during the period. Graypoint LLC raised its position in shares of PennantPark Floating Rate Capital by 2.7% during the fourth quarter. Graypoint LLC now owns 71,156 shares of the asset manager's stock valued at $778,000 after buying an additional 1,897 shares during the last quarter. PFG Investments LLC raised its position in shares of PennantPark Floating Rate Capital by 2.0% during the fourth quarter. PFG Investments LLC now owns 107,180 shares of the asset manager's stock valued at $1,171,000 after buying an additional 2,118 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of PennantPark Floating Rate Capital in the third quarter valued at about $39,000. Finally, Commonwealth Equity Services LLC grew its position in PennantPark Floating Rate Capital by 10.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 40,826 shares of the asset manager's stock worth $446,000 after buying an additional 3,782 shares in the last quarter. Institutional investors own 19.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have 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.

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PennantPark Floating Rate Capital Stock Down 1.1 %

Shares of NASDAQ PFLT opened at $11.16 on Tuesday. The business has a fifty day moving average of $11.18 and a two-hundred day moving average of $11.21. 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 Ltd. has a 52-week low of $10.28 and a 52-week high of $12.02. The stock has a market cap of $981.15 million, a PE ratio of 7.97 and a beta of 1.67.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.1025 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.23 annualized dividend and a yield of 11.03%. PennantPark Floating Rate Capital's dividend payout ratio is 87.86%.

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.