AllSquare Wealth Management LLC bought a new stake in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 27,800 shares of the asset manager’s stock, valued at approximately $403,000. AllSquare Wealth Management LLC owned about 0.09% of PennantPark Floating Rate Capital as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. CIBC World Markets Inc. acquired a new position in shares of PennantPark Floating Rate Capital in the second quarter worth $202,000. GSA Capital Partners LLP acquired a new position in shares of PennantPark Floating Rate Capital in the second quarter worth $207,000. Sigma Planning Corp acquired a new position in shares of PennantPark Floating Rate Capital in the second quarter worth $215,000. First Allied Advisory Services Inc. grew its stake in shares of PennantPark Floating Rate Capital by 1.6% in the second quarter. First Allied Advisory Services Inc. now owns 19,160 shares of the asset manager’s stock worth $269,000 after acquiring an additional 299 shares in the last quarter. Finally, Sheaff Brock Investment Advisors LLC grew its stake in shares of PennantPark Floating Rate Capital by 1.9% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 20,226 shares of the asset manager’s stock worth $285,000 after acquiring an additional 373 shares in the last quarter. Hedge funds and other institutional investors own 30.48% of the company’s stock.

PFLT has been the subject of several research reports. Zacks Investment Research downgraded shares of PennantPark Floating Rate Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $15.50 price target on shares of PennantPark Floating Rate Capital in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. PennantPark Floating Rate Capital presently has a consensus rating of “Buy” and an average target price of $15.08.

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Shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) traded down $0.03 on Monday, reaching $13.96. 146,400 shares of the company were exchanged, compared to its average volume of 211,334. PennantPark Floating Rate Capital Ltd. has a 52-week low of $13.10 and a 52-week high of $14.65. The stock has a market capitalization of $451.80, a PE ratio of 12.81 and a beta of 0.60.

The business also recently declared a monthly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a $0.095 dividend. The ex-dividend date is Thursday, November 16th. This represents a $1.14 dividend on an annualized basis and a yield of 8.17%. PennantPark Floating Rate Capital’s dividend payout ratio (DPR) is presently 78.08%.

About PennantPark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.

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Institutional Ownership by Quarter for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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