Wall Street brokerages forecast that Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) will post earnings per share (EPS) of $0.30 for the current quarter, Zacks reports. Two analysts have provided estimates for Pennantpark Floating Rate Capital’s earnings. Pennantpark Floating Rate Capital reported earnings per share of $0.24 during the same quarter last year, which would indicate a positive year over year growth rate of 25%. The firm is scheduled to report its next quarterly earnings results after the market closes on Wednesday, May 8th.
According to Zacks, analysts expect that Pennantpark Floating Rate Capital will report full year earnings of $1.18 per share for the current financial year, with EPS estimates ranging from $1.17 to $1.19. For the next financial year, analysts forecast that the company will report earnings of $1.19 per share, with EPS estimates ranging from $1.12 to $1.27. Zacks’ EPS averages are an average based on a survey of research analysts that cover Pennantpark Floating Rate Capital.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Wednesday, February 6th. The asset manager reported $0.30 EPS for the quarter, hitting analysts’ consensus estimates of $0.30. Pennantpark Floating Rate Capital had a return on equity of 8.24% and a net margin of 45.40%. The firm had revenue of $23.18 million for the quarter, compared to analysts’ expectations of $22.06 million.
Several large investors have recently made changes to their positions in PFLT. Flagship Harbor Advisors LLC bought a new position in shares of Pennantpark Floating Rate Capital during the fourth quarter valued at $48,000. Stephens Inc. AR bought a new position in shares of Pennantpark Floating Rate Capital during the fourth quarter valued at $127,000. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Pennantpark Floating Rate Capital by 7.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,792 shares of the asset manager’s stock valued at $252,000 after purchasing an additional 1,590 shares in the last quarter. Standard Life Aberdeen plc bought a new position in shares of Pennantpark Floating Rate Capital during the third quarter valued at $278,000. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Pennantpark Floating Rate Capital by 11.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 27,840 shares of the asset manager’s stock valued at $322,000 after acquiring an additional 2,881 shares during the period. 36.24% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ PFLT opened at $13.07 on Friday. Pennantpark Floating Rate Capital has a 12 month low of $11.05 and a 12 month high of $14.12. The firm has a market capitalization of $503.43 million, a PE ratio of 12.33 and a beta of 0.71.
The firm also recently declared a monthly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th will be issued a dividend of $0.095 per share. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.72%. The ex-dividend date is Tuesday, April 16th. Pennantpark Floating Rate Capital’s payout ratio is currently 107.55%.
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.
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