Skip to Content

PennantPark Floating Rate Capital Ltd. declares a $0.10 monthly dividend (NASDAQ:PFLT)

PennantPark Floating Rate Capital Ltd. declares a $0.10 monthly dividend (NASDAQ:PFLT)

The January dividend for PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT), which is a publicly-traded company and is listed in the Wall Street Journal, was distributed on Friday, January 6th. Investors who owned shares of the asset management company as of the record date, which was the previous Thursday, January 19th, will be eligible to receive a dividend payment from the business of 0.095 USD per share on February 1st. This amounts to a dividend payment of $1.14 annually and a dividend yield of 10.14 percent. Both of these figures are calculated on an annual basis. On Wednesday, January 18th, the date that will no longer count toward the total dividend will be removed from consideration.
The payout ratio for the dividend that PennantPark Floating Rate Capital distributed is 91.2%, which indicates that the dividend is now fully covered by earnings. Nevertheless, this might not be the case if earnings continue their downward trend. With projected earnings of $1.20 per share for PennantPark Floating Rate Capital in the coming year, the company should be able to pay out its $1.14 annual dividend with a potential payout ratio of 95.0%. This would indicate that the company has a positive cash flownantPark Floating Rate Capital is 91.2%, which indicates that the dividend is now fully covered by earnings. Nevertheless, this might not be the case if earnings continue their downward trend. With projected earnings of $1.20 per share for PennantPark Floating Rate Capital in the coming year, the company should be able to pay out its $1.14 annual dividend with a potential payout ratio of 95.0%. This would indicate that the company has a positive cash flow. This would imply that the company has a healthy cash flow.
On Friday, during the lunch hour, the price of PFLT shares increased by $0.04 percent, taking them to $11.24 per share. The total number of shares traded in the company’s stock was 139,320, significantly less than the stock’s average volume of 162,105 shares. The stock is currently traded at $11.25, and its moving average price over the previous 50 days is $11.46. The company’s stock has a price-to-earnings ratio of 124.89, and the stock’s beta value is 1.66. The value of the stock’s beta is 1.66. The company currently has a market capitalization of $509.69 million by $0.04 percent, taking them to $11.24 per share. The total number of shares traded in the company’s stock was 139,320, significantly less than the stock’s average volume of 162,105 shares. The stock is currently traded at $11.25, and its moving average price over the previous 50 days is $11.46. The company’s stock has a price-to-earnings ratio of 124.89, and the stock’s beta value is 1.66. The value of the stock’s beta is 1.66. The company currently has a market capitalization of $509.69 million. Over the past 52 weeks, the price of PennantPark Floating Rate Capital has ranged from a low of $9.43 to a high of $14.38. The current ratio, the quick ratio, and the overall debt-to-equity ratio all come in at 0.12, while the overall debt-to-equity ratio is at 0.43.
On November 16th, the most recent quarterly earnings report for PennantPark Floating Rate Capital (NASDAQ: PFLT) was made public. The earnings per share for the asset manager came in at $0.29 for the quarter, which was $0.01 less than the consensus estimate of $0.30 for the quarter. The company’s sales for the quarter came in at $28.79 million, a sizeable increase from the $27.04 million analysts in the relevant industry had anticipated the company’s sales would be. PennantPark Floating Rate Capital’s return on equity was 9.48%, and the company’s net margin was 3.28%, indicating that the company had a successful performance. Research professionals anticipate that PennantPark Floating Rate Capital will generate $1.21 per share this year.
On October 12th, an article about PennantPark Floating Rate Capital was published on StockNews.com. The article was published on Wednesday. They suggested that customers “sell” the company to the company.
Recently, institutional investors have altered how they have been keeping their shares of the company in their portfolios. BNP Paribas Arbitrage SA paid a total of $102,000 to acquire shares of PennantPark Floating Rate Capital during the first three months of 2018 (January, February, and March). Kingsview Wealth Management LLC invested approximately 135,000 dollars in PennantPark Floating Rate Capital during the second quarter. This investment allowed the firm to establish a new position in the company. Marshall Wace LLP made a new investment of approximately $130,000 in PennantPark Floating Rate Capital during the third quarter. During the first three months of the year, The Merit Financial Group LLC invested approximately 203 thousand dollars in a new holding with PennantPark Floating Rate Capital. Lastly, Jane Street Group LLC spent approximately 174,000 dollars during the second quarter to acquire a new stake in PennantPark Floating Rate Capital. With this purchase, the company’s total investment in the company amounted to approximately 174,000 dollars. To the tune of 21.02% of the company’s shares, hedge funds and other institutional investors are the holders of these shares.
The development of new companies is the primary focus of the corporation known as PennantPark Floating Rate Capital Ltd. It plans to make investments not only in debt and primary direct deals but also in equity transactions, loan transactions, and secondary direct deals. The fund intends to make investments in public middle-market companies that are privately held, thinly traded, or have a small market capitalization through the utilization of loans with adjustable interest rates. It invests most of its capital in the United States of America and only a portion in other nations.

Tags

Leave a comment

Your email address will not be published. Required fields are marked *