PennantPark Floating Rate Capital (PFLT) Scheduled to Post Quarterly Earnings on Monday

PennantPark Floating Rate Capital (NASDAQ:PFLT) will be announcing its earnings results after the market closes on Monday, November 25th. Analysts expect PennantPark Floating Rate Capital to post earnings of $0.31 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

PennantPark Floating Rate Capital Stock Up 0.3 %

Shares of PFLT opened at $11.07 on Friday. PennantPark Floating Rate Capital has a 52-week low of $10.28 and a 52-week high of $12.63. The company has a market cap of $812.76 million, a PE ratio of 6.83 and a beta of 1.69. The business has a fifty day moving average of $11.42 and a 200 day moving average of $11.37. The company has a quick ratio of 0.22, a current ratio of 0.22 and a debt-to-equity ratio of 0.60.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.1025 per share. The ex-dividend date is Friday, November 15th. This represents a $1.23 annualized dividend and a dividend yield of 11.11%. PennantPark Floating Rate Capital’s dividend payout ratio is currently 75.93%.

Analysts Set New Price Targets

PFLT has been the topic of several research reports. Maxim Group upgraded PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a research note on Monday, August 12th. StockNews.com lowered PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 9th. Finally, JMP Securities cut their target price on PennantPark Floating Rate Capital from $12.50 to $12.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 30th.

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.