Media headlines about Pennantpark Floating Rate Capital (NASDAQ:PFLT) have trended somewhat negative on Monday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pennantpark Floating Rate Capital earned a media sentiment score of -0.17 on Accern’s scale. Accern also gave news coverage about the asset manager an impact score of 45.1312265713615 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:

Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at $12.19 on Monday. The company has a market capitalization of $472.63, a P/E ratio of 13.25 and a beta of 0.54. Pennantpark Floating Rate Capital has a one year low of $12.00 and a one year 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 the Zacks’ consensus estimate of $0.26 by ($0.01). The firm had revenue of $14.84 million during the quarter, compared to analysts’ expectations of $15.29 million. Pennantpark Floating Rate Capital had a net margin of 47.64% and a return on equity of 7.82%. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.28 EPS. analysts forecast that Pennantpark Floating Rate Capital will post 1.08 earnings per share for the current year.

The company also recently announced a monthly dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be paid a $0.095 dividend. 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. Pennantpark Floating Rate Capital’s payout ratio is presently 123.91%.

A number of equities research analysts have recently weighed in on PFLT shares. Keefe, Bruyette & Woods set a $15.00 price objective on Pennantpark Floating Rate Capital and gave the stock a “buy” rating in a research report on Friday. ValuEngine upgraded Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Maxim Group reiterated a “buy” rating and issued a $14.75 price objective on shares of Pennantpark Floating Rate Capital in a research report on Friday, December 1st. BidaskClub upgraded Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Friday, December 22nd. Finally, Zacks Investment Research upgraded Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Tuesday, February 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Pennantpark Floating Rate Capital has an average rating of “Buy” and a consensus price target of $15.10.

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About Pennantpark Floating Rate Capital

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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