PennantPark Floating Rate Capital (PFLT) Scheduled to Post Quarterly Earnings on Monday

PennantPark Floating Rate Capital (NASDAQ:PFLT) is scheduled to be announcing its earnings results after the market closes on Monday, November 25th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

PennantPark Floating Rate Capital Stock Up 0.3 %

PennantPark Floating Rate Capital stock opened at $11.07 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.22 and a quick ratio of 0.22. PennantPark Floating Rate Capital has a 12 month low of $10.28 and a 12 month high of $12.63. The stock has a market capitalization of $812.76 million, a PE ratio of 6.83 and a beta of 1.69. The business has a 50 day simple moving average of $11.42 and a 200-day simple moving average of $11.37.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 11.11%. The ex-dividend date is Friday, November 15th. PennantPark Floating Rate Capital’s payout ratio is 75.93%.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Maxim Group upgraded PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a report on Monday, August 12th. JMP Securities decreased their price target on PennantPark Floating Rate Capital from $12.50 to $12.00 and set a “market outperform” rating on the stock in a research note on Tuesday, July 30th. Finally, StockNews.com lowered PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Friday, August 9th.

PennantPark Floating Rate Capital Company Profile

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.