Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) announced a monthly dividend on Wednesday, February 7th, Wall Street Journal reports. Investors of record on Friday, February 16th will be paid a dividend of 0.095 per share by the asset manager on Thursday, March 1st. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.35%. The ex-dividend date is Thursday, February 15th.

Shares of Pennantpark Floating Rate Capital (NASDAQ PFLT) opened at $12.19 on Friday. The firm has a market cap of $507.14, a P/E ratio of 13.25 and a beta of 0.54. Pennantpark Floating Rate Capital has a fifty-two week low of $12.00 and a fifty-two week high of $14.65.

Pennantpark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Thursday, February 8th. The asset manager reported $0.25 EPS for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.01). Pennantpark Floating Rate Capital had a return on equity of 7.82% and a net margin of 47.64%. The business had revenue of $14.84 million for the quarter, compared to analyst estimates of $15.29 million. During the same period in the prior year, the firm posted $0.28 EPS. Pennantpark Floating Rate Capital’s revenue was up 17.5% on a year-over-year basis. equities research analysts anticipate that Pennantpark Floating Rate Capital will post 1.08 earnings per share for the current fiscal year.

A number of research firms have commented on PFLT. Keefe, Bruyette & Woods set a $15.00 target price on shares of Pennantpark Floating Rate Capital and gave the stock a “buy” rating in a report on Friday. BidaskClub raised shares of Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Tuesday. ValuEngine raised shares of Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $14.75 target price on shares of Pennantpark Floating Rate Capital in a report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $15.10.

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Pennantpark Floating Rate Capital Company Profile

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.

Dividend History for Pennantpark Floating Rate Capital (NASDAQ:PFLT)

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