PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Get Rating) declared a monthly dividend on Thursday, August 4th, Wall Street Journal reports. Stockholders of record on Thursday, August 18th will be paid a dividend of 0.095 per share by the asset manager on Thursday, September 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend is Wednesday, August 17th.
PennantPark Floating Rate Capital Stock Performance
NASDAQ:PFLT opened at $12.91 on Friday. PennantPark Floating Rate Capital has a 12-month low of $10.37 and a 12-month high of $14.38. The company has a quick ratio of 0.11, a current ratio of 0.10 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $533.83 million, a PE ratio of 10.64 and a beta of 1.64. The firm has a 50-day moving average price of $11.90 and a 200 day moving average price of $12.63.
PennantPark Floating Rate Capital (NASDAQ:PFLT – Get Rating) last announced its quarterly earnings data on Wednesday, May 4th. The asset manager reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $24.64 million for the quarter, compared to analysts’ expectations of $23.73 million. PennantPark Floating Rate Capital had a net margin of 20.95% and a return on equity of 9.24%. Research analysts anticipate that PennantPark Floating Rate Capital will post 1.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On PennantPark Floating Rate Capital
Analyst Ratings Changes
Separately, StockNews.com downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Wednesday, May 11th.
About PennantPark Floating Rate Capital
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.
- Get a free copy of the StockNews.com research report on PennantPark Floating Rate Capital (PFLT)
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