Negative Media Coverage Very Unlikely to Impact Pennantpark Floating Rate Capital (PFLT) Share Price
News headlines about Pennantpark Floating Rate Capital (NASDAQ:PFLT) have trended negative on Friday, Alpha One Sentiment reports. The research group, a service of Accern, identifies positive and negative press coverage by monitoring more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pennantpark Floating Rate Capital earned a news impact score of -0.29 on Alpha One’s scale. Alpha One also gave headlines about the asset manager an impact score of 16 out of 100, meaning that recent press coverage is very unlikely to have an effect on the stock’s share price in the near term.
Shares of Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at 13.68 on Friday. The company’s 50-day moving average price is $13.77 and its 200-day moving average price is $13.70. The firm has a market cap of $365.67 million and a P/E ratio of 9.01. Pennantpark Floating Rate Capital has a 12 month low of $11.48 and a 12 month high of $14.22.
Pennantpark Floating Rate Capital (NASDAQ:PFLT) last released its quarterly earnings results on Thursday, February 9th. The asset manager reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by $0.01. The firm had revenue of $12.63 million for the quarter, compared to analysts’ expectations of $13.26 million. On average, analysts predict that Pennantpark Floating Rate Capital will post $1.13 EPS for the current year.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/04/21/negative-media-coverage-very-unlikely-to-impact-pennantpark-floating-rate-capital-pflt-share-price.html
The company also recently declared a monthly dividend, which will be paid on Monday, May 1st. Stockholders of record on Wednesday, April 19th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Monday, April 17th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 8.33%.
PFLT has been the topic of a number of recent research reports. TheStreet lowered Pennantpark Floating Rate Capital from a “b” rating to a “c+” rating in a research note on Tuesday, February 21st. SunTrust Banks, Inc. initiated coverage on Pennantpark Floating Rate Capital in a research note on Friday, March 10th. They set a “buy” rating and a $15.00 target price on the stock. Finally, Zacks Investment Research lowered Pennantpark Floating Rate Capital from a “buy” rating to a “hold” rating in a research note on Saturday, March 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $14.63.
Pennantpark Floating Rate Capital Company Profile
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.