PennantPark Floating Rate Capital Ltd. (PFLT) to Release Earnings on Monday

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) will be releasing its earnings data after the market closes on Monday, November 20th. Analysts expect PennantPark Floating Rate Capital to post earnings of $0.35 per share for the quarter.

Shares of PennantPark Floating Rate Capital Ltd. (PFLT) opened at $13.96 on Monday. PennantPark Floating Rate Capital Ltd. has a 12-month low of $13.10 and a 12-month high of $14.65. The stock has a market cap of $453.42, a price-to-earnings ratio of 12.81 and a beta of 0.60.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a dividend yield of 8.17%. The ex-dividend date of this dividend is Thursday, November 16th. PennantPark Floating Rate Capital’s dividend payout ratio is 78.08%.

Several brokerages have recently issued reports on PFLT. Zacks Investment Research raised shares of PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a research report on Wednesday, September 13th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.50 price objective on shares of PennantPark Floating Rate Capital in a research report on Thursday, August 31st. Finally, BidaskClub downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. PennantPark Floating Rate Capital has a consensus rating of “Buy” and an average target price of $15.08.

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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.

Earnings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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