PennantPark Floating Rate Capital Ltd. Declares Special Dividend of $0.00 (NYSE:PFLT)

PennantPark Floating Rate Capital Ltd. (NYSE:PFLT) announced a special dividend on Wednesday, September 2nd. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0033 per share on Thursday, October 1st. This represents a dividend yield of 1,295.0%. The ex-dividend date of this dividend is Tuesday, September 15th.

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

PennantPark Floating Rate Capital Stock Performance

NYSE:PFLT opened at $7.42 on Thursday. The company has a market cap of $735.72 million, a P/E ratio of 14.54 and a beta of 0.78. PennantPark Floating Rate Capital has a twelve month low of $6.83 and a twelve month high of $10.30. The company’s 50-day moving average price is $7.27 and its 200-day moving average price is $7.93. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.94.

PennantPark Floating Rate Capital (NYSE:PFLT) last released its quarterly earnings data on Monday, August 10th. The company reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). PennantPark Floating Rate Capital had a net margin of 18.53% and a return on equity of 10.24%. The business had revenue of $66.09 million during the quarter. On average, sell-side analysts forecast that PennantPark Floating Rate Capital will post 1.06 earnings per share for the current fiscal year.

Institutional Trading of PennantPark Floating Rate Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc acquired a new position in shares of PennantPark Floating Rate Capital in the second quarter valued at approximately $6,061,000. Van ECK Associates Corp lifted its holdings in PennantPark Floating Rate Capital by 37.0% during the 2nd quarter. Van ECK Associates Corp now owns 2,473,706 shares of the company’s stock worth $18,503,000 after buying an additional 668,394 shares in the last quarter. Marshall Wace LLP boosted its position in PennantPark Floating Rate Capital by 42.9% in the 3rd 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 period. Truffle Hound Capital LLC purchased a new position in PennantPark Floating Rate Capital in the 4th quarter valued at approximately $5,562,000. Finally, Millennium Management LLC grew its stake in shares of PennantPark Floating Rate Capital by 85.0% in the first quarter. Millennium Management LLC now owns 1,196,752 shares of the company’s stock worth $13,392,000 after acquiring an additional 550,011 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.