PFG Investments LLC Has $1.17 Million Stake in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

PFG Investments LLC grew its stake in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 2.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,180 shares of the asset manager’s stock after purchasing an additional 2,118 shares during the period. PFG Investments LLC owned approximately 0.13% of PennantPark Floating Rate Capital worth $1,171,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Quarry LP acquired a new position in shares of PennantPark Floating Rate Capital during the second quarter valued at about $34,000. Wilmington Savings Fund Society FSB acquired a new position in shares of PennantPark Floating Rate Capital during the third quarter valued at about $39,000. Calton & Associates Inc. acquired a new position in shares of PennantPark Floating Rate Capital during the third quarter valued at about $119,000. Jmac Enterprises LLC bought a new stake in shares of PennantPark Floating Rate Capital during the third quarter worth about $120,000. Finally, Paloma Partners Management Co bought a new stake in shares of PennantPark Floating Rate Capital during the third quarter worth about $174,000. Institutional investors and hedge funds own 19.77% of the company’s stock.

PennantPark Floating Rate Capital Trading Down 0.9 %

Shares of PFLT stock opened at $11.20 on Wednesday. PennantPark Floating Rate Capital Ltd. has a 52-week low of $10.28 and a 52-week high of $12.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.18 and a current ratio of 0.18. The company has a 50-day simple moving average of $11.01 and a two-hundred day simple moving average of $11.22. The company has a market capitalization of $931.76 million, a price-to-earnings ratio of 7.83 and a beta of 1.65.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Wednesday, January 15th will be given a $0.1025 dividend. This represents a $1.23 dividend on an annualized basis and a yield of 10.99%. The ex-dividend date is Wednesday, January 15th. PennantPark Floating Rate Capital’s payout ratio is 86.01%.

Analyst Ratings Changes

Several research firms have recently commented on PFLT. StockNews.com downgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Tuesday. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a research report on Friday, December 20th. They set a “market perform” rating for the company.

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.