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.
COPYRIGHT VIOLATION NOTICE: “PennantPark Floating Rate Capital Ltd. (PFLT) to Release Earnings on Monday” was first reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of US and international trademark and copyright laws. The legal version of this story can be read at https://ledgergazette.com/2017/11/13/pennantpark-floating-rate-capital-ltd-pflt-to-release-earnings-on-monday.html.
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.
Receive News & Ratings for PennantPark Floating Rate Capital Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PennantPark Floating Rate Capital Ltd. and related companies with MarketBeat.com's FREE daily email newsletter.