PennantPark Floating Rate Capital Ltd. (PFLT) To Go Ex-Dividend on July 15th

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced a special dividend on Thursday, July 2nd. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0033 per share on Monday, August 3rd. This represents a yield of 53.0%. The ex-dividend date is Wednesday, July 15th.

PennantPark Floating Rate Capital has raised its dividend by an average of 0.0%annually over the last three years.

PennantPark Floating Rate Capital Stock Down 0.2%

Shares of PennantPark Floating Rate Capital stock opened at $7.17 on Monday. PennantPark Floating Rate Capital has a twelve month low of $7.02 and a twelve month high of $10.88. The stock has a market cap of $710.90 million, a price-to-earnings ratio of 11.56 and a beta of 0.76. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.92. The company has a fifty day moving average price of $7.99 and a 200 day moving average price of $8.50.

PennantPark Floating Rate Capital (NYSE:PFLT) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The company had revenue of $44.81 million during the quarter. PennantPark Floating Rate Capital had a net margin of 23.08% and a return on equity of 9.95%. Equities research analysts forecast that PennantPark Floating Rate Capital will post 1.08 earnings per share for the current fiscal year.

Insider Buying and Selling at PennantPark Floating Rate Capital

In other PennantPark Floating Rate Capital news, Director Jose A. Briones bought 5,770 shares of the company’s stock in a transaction dated Tuesday, May 12th. The shares were acquired at an average cost of $8.67 per share, with a total value of $50,025.90. Following the completion of the transaction, the director owned 348,083 shares in the company, valued at $3,017,879.61. The trade was a 1.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On PennantPark Floating Rate Capital

Institutional investors have recently made changes to their positions in the business. Sound Income Strategies LLC raised its stake in shares of PennantPark Floating Rate Capital by 6.4% in the 1st quarter. Sound Income Strategies LLC now owns 4,940,809 shares of the company’s stock valued at $39,576,000 after purchasing an additional 296,851 shares in the last quarter. Marshall Wace LLP increased its holdings in PennantPark Floating Rate Capital by 42.9% in the third quarter. Marshall Wace LLP now owns 2,057,399 shares of the company’s stock valued at $18,290,000 after buying an additional 617,657 shares during the last quarter. UBS Group AG increased its holdings in PennantPark Floating Rate Capital by 5.5% in the fourth quarter. UBS Group AG now owns 1,367,442 shares of the company’s stock valued at $12,676,000 after buying an additional 71,372 shares during the last quarter. Altshuler Shaham Ltd raised its stake in PennantPark Floating Rate Capital by 44.1% during the fourth quarter. Altshuler Shaham Ltd now owns 1,320,156 shares of the company’s stock valued at $12,238,000 after buying an additional 404,117 shares in the last quarter. Finally, Invesco Ltd. raised its stake in PennantPark Floating Rate Capital by 17.3% during the third quarter. Invesco Ltd. now owns 1,262,880 shares of the company’s stock valued at $11,227,000 after buying an additional 186,570 shares in the last quarter. 19.77% of the stock is owned by institutional investors and hedge funds.

PennantPark Floating Rate Capital Company 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. 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.