Insider Buying: Pennantpark Floating Rate Capital Director Purchases 2,031 Shares of Stock (PFLT)
Pennantpark Floating Rate Capital (NASDAQ:PFLT) Director Samuel L. Katz purchased 2,031 shares of the stock in a transaction that occurred on Friday, August 22nd. The stock was purchased at an average cost of $14.03 per share, with a total value of $28,494.93. Following the completion of the transaction, the director now directly owns 61,831 shares of the company’s stock, valued at approximately $867,489. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) traded up 0.21% during mid-day trading on Monday, hitting $14.11. 48,950 shares of the company’s stock traded hands. Pennantpark Floating Rate Capital has a one year low of $12.85 and a one year high of $14.44. The stock has a 50-day moving average of $14.02 and a 200-day moving average of $13.92.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Analysts expect that Pennantpark Floating Rate Capital will post $1.17 EPS for the current fiscal year.
The company also recently declared a aug 14 dividend, which is scheduled for Tuesday, September 2nd. Shareholders of record on Wednesday, August 20th will be given a dividend of $0.09 per share. This represents a yield of 7.71%. The ex-dividend date of this dividend is Monday, August 18th.
PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is a development-stage company.
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