PennantPark Floating Rate Capital Ltd. (PFLT) Scheduled to Post Quarterly Earnings on Monday
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) will issue its quarterly earnings data after the market closes on Monday, November 20th. Analysts expect the company to announce earnings of $0.35 per share for the quarter.
Shares of PennantPark Floating Rate Capital Ltd. (NASDAQ PFLT) opened at $13.99 on Friday. PennantPark Floating Rate Capital Ltd. has a 1-year low of $13.16 and a 1-year high of $14.65. The firm has a market cap of $448.55, a P/E ratio of 12.74 and a beta of 0.60.
The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be issued a dividend of $0.095 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.14 dividend on an annualized basis and a yield of 8.15%. PennantPark Floating Rate Capital’s payout ratio is currently 78.08%.
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A number of equities analysts have recently commented on the stock. Keefe, Bruyette & Woods set a $16.00 target price on shares of PennantPark Floating Rate Capital and gave the company a “buy” rating in a report on Thursday, October 5th. Zacks Investment Research cut shares of PennantPark Floating Rate Capital from a “buy” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub cut shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $14.75 target price on shares of PennantPark Floating Rate Capital in a report on Wednesday, August 9th. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $15.08.
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.
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