PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) released its quarterly earnings data on Tuesday. The asset manager reported $0.25 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.03, Bloomberg Earnings reports. PennantPark Floating Rate Capital had a return on equity of 7.45% and a net margin of 87.29%.

PennantPark Floating Rate Capital (NASDAQ:PFLT) traded down 0.49% on Tuesday, reaching $14.19. The company had a trading volume of 109,922 shares. The company’s 50-day moving average is $14.20 and its 200-day moving average is $13.97. PennantPark Floating Rate Capital has a 52-week low of $12.21 and a 52-week high of $14.45.

The company also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Investors of record on Friday, August 18th will be paid a $0.095 dividend. This represents a $1.14 annualized dividend and a yield of 8.03%. The ex-dividend date is Wednesday, August 16th. PennantPark Floating Rate Capital’s dividend payout ratio is currently 68.26%.

Several research firms have commented on PFLT. Zacks Investment Research lowered PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Thursday, April 13th. BidaskClub lowered PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Ladenburg Thalmann Financial Services upgraded PennantPark Floating Rate Capital from a “neutral” rating to a “buy” rating and set a $14.75 price objective on the stock in a research report on Thursday, May 11th. Finally, Keefe, Bruyette & Woods upgraded PennantPark Floating Rate Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $15.50 in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. PennantPark Floating Rate Capital has a consensus rating of “Hold” and a consensus target price of $14.79.

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About PennantPark Floating Rate Capital

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.

Earnings History for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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