Jane Street Group LLC cut its position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Free Report) by 51.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,417 shares of the asset manager’s stock after selling 15,240 shares during the quarter. Jane Street Group LLC’s holdings in PennantPark Floating Rate Capital were worth $167,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PFLT. Paloma Partners Management Co bought a new stake in shares of PennantPark Floating Rate Capital during the third quarter valued at approximately $174,000. Advisors Asset Management Inc. increased its position in PennantPark Floating Rate Capital by 9.2% in the 3rd quarter. Advisors Asset Management Inc. now owns 281,626 shares of the asset manager’s stock valued at $3,258,000 after acquiring an additional 23,836 shares during the period. Jmac Enterprises LLC bought a new stake in PennantPark Floating Rate Capital during the 3rd quarter valued at $120,000. Graypoint LLC grew its stake in shares of PennantPark Floating Rate Capital by 2.7% in the third quarter. Graypoint LLC now owns 69,259 shares of the asset manager’s stock worth $801,000 after purchasing an additional 1,844 shares in the last quarter. Finally, Crescent Grove Advisors LLC bought a new position in shares of PennantPark Floating Rate Capital in the third quarter worth $476,000. 19.77% of the stock is owned by institutional investors and hedge funds.
PennantPark Floating Rate Capital Trading Up 0.4 %
Shares of PennantPark Floating Rate Capital stock opened at $10.95 on Tuesday. The business has a fifty day simple moving average of $11.01 and a 200-day simple moving average of $11.27. PennantPark Floating Rate Capital Ltd. has a fifty-two week low of $10.28 and a fifty-two week high of $12.13. The firm has a market cap of $911.37 million, a price-to-earnings ratio of 7.66 and a beta of 1.65. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.63.
PennantPark Floating Rate Capital Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on PFLT shares. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a “market perform” rating for the company. StockNews.com lowered shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Tuesday, December 24th.
Read Our Latest Stock Report on PFLT
About PennantPark Floating Rate Capital
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.
Featured Stories
- Five stocks we like better than PennantPark Floating Rate Capital
- When to Sell a Stock for Profit or Loss
- 2 Stocks to Gain From Trump Universal Tariffs on Critical Imports
- Election Stocks: How Elections Affect the Stock Market
- Rigetti Computing, Inc.: Buy, Sell, or Hold for 2025
- Insider Trading – What You Need to Know
- Delta Can Fly to New Highs in 2025; Here’s Why
Want to see what other hedge funds are holding PFLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Free Report).
Receive News & Ratings for PennantPark Floating Rate Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennantPark Floating Rate Capital and related companies with MarketBeat.com's FREE daily email newsletter.