NASDAQ:PFLT PennantPark Floating Rate Capital (PFLT) Stock Price, News & Analysis → Biden’s $374B Giveaway Into This Sector (From DTI) (Ad) Free PFLT Stock Alerts $11.25 +0.14 (+1.26%) (As of 04/18/2024 ET) Add Compare Share Share Today's Range$11.10▼$11.2750-Day Range$11.07▼$11.5152-Week Range$9.69▼$12.63Volume306,881 shsAverage Volume647,053 shsMarket Capitalization$693.34 millionP/E Ratio10.04Dividend Yield10.93%Price Target$11.75 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesOptions ChainOwnershipSEC FilingsSocial Media Get PennantPark Floating Rate Capital alerts: Email Address PennantPark Floating Rate Capital MarketRank™ Stock AnalysisAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside4.4% Upside$11.75 Price TargetShort InterestN/ADividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment1.24Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth-1.55%From $1.29 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.0.56 out of 5 starsFinance Sector788th out of 822 stocksInvestors, Not Elsewhere Classified Industry12th out of 15 stocks 1.3 Analyst's Opinion Consensus RatingPennantPark Floating Rate Capital has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.Amount of Analyst CoveragePennantPark Floating Rate Capital has only been the subject of 1 research reports in the past 90 days. 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 11.09%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthPennantPark Floating Rate Capital has only been increasing its dividend for 1 years.Dividend CoverageThe dividend payout ratio of PennantPark Floating Rate Capital is 109.82%. 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for PFLT. Previous Next 3.5 News and Social Media Coverage News SentimentPennantPark Floating Rate Capital has a news sentiment score of 1.24. 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 0.57 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for PennantPark Floating Rate Capital this week, compared to 1 article on an average week.Search InterestOnly 19 people have searched for PFLT on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.MarketBeat Follows14 people have added PennantPark Floating Rate Capital to their MarketBeat watchlist in the last 30 days. This is an increase of 100% 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. Previous Next 1.3 Earnings and Valuation Earnings GrowthEarnings for PennantPark Floating Rate Capital are expected to decrease by -1.55% in the coming year, from $1.29 to $1.27 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of PennantPark Floating Rate Capital is 10.04, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 141.94.Price to Earnings Ratio vs. SectorThe P/E ratio of PennantPark Floating Rate Capital is 10.04, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 60.02.Price to Book Value per Share RatioPennantPark Floating Rate Capital has a P/B Ratio of 1.01. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaSHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. Claim your free seat by clicking here now. 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 HeadlinesApril 11, 2024 | americanbankingnews.comPennantPark Floating Rate Capital (NASDAQ:PFLT) Stock Price Crosses Above 200 Day Moving Average of $11.21April 9, 2024 | seekingalpha.comBetter Stock Than Its Sister: PennantPark Floating Rate CapitalApril 18, 2024 | Crypto 101 Media (Ad)SHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. April 3, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Schedules Earnings Release of Second Fiscal Quarter 2024 ResultsApril 2, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareApril 1, 2024 | msn.comSPDR Barclays Investment Grade Floating Rate ETF declares monthly distribution of $0.1535March 21, 2024 | finance.yahoo.comPFLT Nov 2024 12.500 callMarch 7, 2024 | finance.yahoo.comPFLT Apr 2024 12.500 putApril 18, 2024 | Crypto 101 Media (Ad)SHOCKING Crypto Leak…A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024. March 4, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per ShareFebruary 26, 2024 | seekingalpha.comPennantPark Floating Rate Capital: Generating High Monthly IncomeFebruary 22, 2024 | globenewswire.comPennantPark Floating Rate Capital Ltd. Completes CLO, Marking Continued Growth in PennantPark's CLO PlatformFebruary 22, 2024 | fool.comWant $500 in Super Safe Annual Dividend Income? Invest $5,350 Into the Following 3 Ultra-Cheap, Ultra-High-Yield Stocks.February 22, 2024 | seekingalpha.comPennantPark Floating Rate Capital: When Being Conservative Pays OffFebruary 16, 2024 | finance.yahoo.comPFLT Mar 2024 10.000 callFebruary 15, 2024 | finance.yahoo.comDown -5.42% in 4 Weeks, Here's Why You Should You Buy the Dip in PennantPark (PFLT)February 9, 2024 | benzinga.comTuesday Is Your Last Chance To Buy PennantPark Floating Rate Before The Dividend PayoutFebruary 9, 2024 | msn.comPennantPark Floating Rate Capital Ltd. (NYSE:PFLT) Q1 2024 Earnings Call TranscriptFebruary 9, 2024 | finance.yahoo.comPennantPark (PFLT) Upgraded to Buy: Here's What You Should KnowFebruary 8, 2024 | uk.finance.yahoo.comQ1 2024 PennantPark Floating Rate Capital Ltd Earnings CallFebruary 7, 2024 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Reports Incremental NAV and Income Growth in Q1February 7, 2024 | msn.comPennantPark Floating Rate, PennantPark Investment Q1 NII each top consensusFebruary 7, 2024 | finance.yahoo.comPennantPark Floating Rate Capital Ltd. Announces Financial Results for the First Quarter Ended December 31, 2023February 6, 2024 | markets.businessinsider.comHere's what to expect from Pennantpark Investment's earningsFebruary 6, 2024 | barrons.comPennantPark Floating Rate Capital Ltd.February 3, 2024 | msn.com5 Stocks You Have Never Heard of Pay Massive DividendsFebruary 2, 2024 | morningstar.comPennantPark Floating Rate Capital LtdSee 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 Earnings2/07/2024Ex-Dividend for 4/1 Dividend3/15/2024Dividend Payable4/01/2024Ex-Dividend for 5/1 Dividend4/12/2024Today4/18/2024Dividend Payable5/01/2024Next Earnings (Confirmed)5/08/2024Fiscal Year End9/30/2024Get 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$11.75 High Stock Price Target$12.50 Low Stock Price Target$11.00 Potential Upside/Downside+4.9%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$1.12 Trailing P/E Ratio10.00 Forward P/E Ratio8.68 P/E GrowthN/ANet Income$39.26 million Net Margins43.40% Pretax Margin43.40% Return on Equity11.83% Return on Assets5.92% Debt Debt-to-Equity Ratio0.34 Current Ratio0.19 Quick Ratio0.19 Sales & Book Value Annual Sales$139.34 million Price / Sales4.95 Cash Flow$1.35 per share Price / Cash Flow8.29 Book Value$11.13 per share Price / Book1.01Miscellaneous Outstanding Shares61,630,000Free Float61,012,000Market Cap$690.26 million OptionableOptionable Beta1.68 10 Best Stocks to Own in 2024Click the link below and we'll send you MarketBeat's list of the 10 best stocks to own in 2024 and why they should be in your portfolio. 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 Mr. 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 MiamiMr. Richard W. Van HoutenSenior Vice President of HoustonMore ExecutivesKey CompetitorsGladstone InvestmentNASDAQ:GAINPennantPark InvestmentNASDAQ:PNNTTriplePoint Venture Growth BDCNYSE:TPVGStellus Capital InvestmentNYSE:SCMCapital SouthwestNASDAQ:CSWCView All CompetitorsInstitutional OwnershipSound Income Strategies LLCBought 200,250 shares on 4/15/2024Ownership: 5.592%Goldman Sachs Group Inc.Sold 98,841 shares on 3/1/2024Ownership: 0.034%Creekmur Asset Management LLCBought 10,371 shares on 3/1/2024Ownership: 0.017%Virtus ETF Advisers LLCSold 24,448 shares on 2/15/2024Ownership: 0.076%Citadel Advisors LLCBought 4,500 shares on 2/15/2024Ownership: 0.000%View All Institutional Transactions PFLT Stock Analysis - Frequently Asked Questions Should I buy or sell PennantPark Floating Rate Capital stock right now? 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for PennantPark Floating Rate Capital in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" PFLT shares. View PFLT analyst ratings or view top-rated stocks. What is PennantPark Floating Rate Capital's stock price target for 2024? 2 brokers have issued twelve-month price objectives for PennantPark Floating Rate Capital's shares. Their PFLT share price targets range from $11.00 to $12.50. On average, they predict the company's share price to reach $11.75 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View analysts price targets for PFLT or view top-rated stocks among Wall Street analysts. How have PFLT shares performed in 2024? PennantPark Floating Rate Capital's stock was trading at $12.10 at the start of the year. Since then, PFLT stock has decreased by 7.0% and is now trading at $11.25. View the best growth stocks for 2024 here. When is PennantPark Floating Rate Capital's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our PFLT earnings forecast. How can I listen to PennantPark Floating Rate Capital's earnings call? PennantPark Floating Rate Capital will be holding an earnings conference call on Thursday, May 9th at 9:00 AM Eastern. Interested parties can register for or listen to the call using this link. How were PennantPark Floating Rate Capital's earnings last quarter? PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) posted its quarterly earnings data on Wednesday, February, 7th. The asset manager reported $0.33 earnings per share for the quarter, beating analysts' consensus estimates of $0.31 by $0.02. The asset manager earned $37.97 million during the quarter, compared to analyst estimates of $35.03 million. PennantPark Floating Rate Capital had a trailing twelve-month return on equity of 11.83% and a net margin of 43.40%. How often does PennantPark Floating Rate Capital pay dividends? What is the dividend yield for PennantPark Floating Rate Capital? PennantPark Floating Rate Capital announced a monthly dividend on Tuesday, April 2nd. Shareholders of record on Monday, April 15th will be given a dividend of $0.1025 per share on Wednesday, May 1st. This represents a $1.23 dividend on an annualized basis and a yield of 10.93%. The ex-dividend date of this dividend is Friday, April 12th. Read our dividend analysis for PFLT. Is PennantPark Floating Rate Capital a good dividend stock? PennantPark Floating Rate Capital (NASDAQ:PFLT) pays an annual dividend of $1.23 per share and currently has a dividend yield of 11.09%. PFLT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 109.82%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, PFLT will have a dividend payout ratio of 96.85% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for PFLT. What ETFs hold PennantPark Floating Rate Capital's stock? ETFs with the largest weight of PennantPark Floating Rate Capital (NASDAQ:PFLT) stock in their portfolio include Sound Enhanced Fixed Income ETF (FXED), Sound Enhanced Fixed Income ETF (SDEF) and Virtus Private Credit Strategy ETF (VPC).VanEck BDC Income ETF (BIZD). What other stocks do shareholders of PennantPark Floating Rate Capital own? Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Main Street Capital (MAIN), Prospect Capital (PSEC), Enterprise Products Partners (EPD) and Virtus Global Dividend & Income Fund (ZTR). Who are PennantPark Floating Rate Capital's major shareholders? PennantPark Floating Rate Capital's stock is owned by a variety of institutional and retail investors. Top institutional investors include Sound Income Strategies LLC (5.59%). 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. This page (NASDAQ:PFLT) was last updated on 4/18/2024 by MarketBeat.com Staff From Our PartnersSHOCKING Crypto Leak…Crypto 101 MediaBiden’s $374B Giveaway Into This SectorDTIBiden replacement revealed?Paradigm PressThe #1 Crypto for 2024InvestorPlaceDid You Get Your Free Bitcoin Yet?Crypto Swap ProfitsTop 5 AI Stocks to Buy for 2024Market Moving TrendsHow Biden has already won 2024Porter & CompanyOptions trading has suddenly become more reliable.Eagle Publishing Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding PennantPark Floating Rate Capital Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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