Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) CFO Aviv Efrat acquired 28,800 shares of the business’s stock in a transaction that occurred on Friday, March 20th. The shares were acquired at an average cost of $4.36 per share, with a total value of $125,568.00. Following the transaction, the chief financial officer now directly owns 90,950 shares in the company, valued at approximately $396,542. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aviv Efrat also recently made the following trade(s):

  • On Monday, March 23rd, Aviv Efrat acquired 18,050 shares of Pennantpark Floating Rate Capital stock. The shares were acquired at an average cost of $4.77 per share, with a total value of $86,098.50.

Pennantpark Floating Rate Capital stock opened at $4.67 on Thursday. The business has a 50 day moving average price of $10.07 and a two-hundred day moving average price of $11.46. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.45. The stock has a market cap of $151.20 million, a price-to-earnings ratio of 11.12 and a beta of 0.78. Pennantpark Floating Rate Capital Ltd has a 12 month low of $3.34 and a 12 month high of $13.42.

Pennantpark Floating Rate Capital (NASDAQ:PFLT) last posted its quarterly earnings results on Wednesday, February 5th. The asset manager reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $24.64 million during the quarter, compared to analysts’ expectations of $24.15 million. Pennantpark Floating Rate Capital had a return on equity of 9.01% and a net margin of 17.37%. On average, analysts expect that Pennantpark Floating Rate Capital Ltd will post 1.18 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 18th will be issued a $0.095 dividend. The ex-dividend date is Tuesday, March 17th. This represents a $1.14 annualized dividend and a yield of 24.41%. Pennantpark Floating Rate Capital’s dividend payout ratio (DPR) is 97.44%.

A number of institutional investors have recently bought and sold shares of PFLT. Aigen Investment Management LP acquired a new position in Pennantpark Floating Rate Capital in the 4th quarter valued at approximately $39,000. Total Clarity Wealth Management Inc. acquired a new position in Pennantpark Floating Rate Capital in the 4th quarter valued at approximately $39,000. Marshall Wace North America L.P. acquired a new position in Pennantpark Floating Rate Capital in the 4th quarter valued at approximately $43,000. Tower Research Capital LLC TRC grew its stake in shares of Pennantpark Floating Rate Capital by 323.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,657 shares of the asset manager’s stock valued at $45,000 after purchasing an additional 2,793 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of Pennantpark Floating Rate Capital by 57.0% in the 4th quarter. Bank of America Corp DE now owns 6,558 shares of the asset manager’s stock valued at $80,000 after purchasing an additional 2,380 shares during the period. 36.57% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on PFLT. BidaskClub cut Pennantpark Floating Rate Capital from a “sell” rating to a “strong sell” rating in a research report on Friday, March 13th. Maxim Group cut Pennantpark Floating Rate Capital from a “buy” rating to a “hold” rating in a research report on Wednesday. ValuEngine cut Pennantpark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Sunday, March 15th. Finally, Zacks Investment Research cut Pennantpark Floating Rate Capital from a “buy” rating to a “hold” rating in a report on Thursday, January 23rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $13.50.

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.

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Insider Buying and Selling by Quarter for Pennantpark Floating Rate Capital (NASDAQ:PFLT)

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