PennantPark Floating Rate Capital (NASDAQ:PFLT) issued its earnings results on Thursday. The asset manager reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.02), Briefing.com reports. PennantPark Floating Rate Capital had a return on equity of 7.26% and a net margin of 73.28%. The company had revenue of $18.45 million for the quarter, compared to analyst estimates of $19.40 million. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 19.8% compared to the same quarter last year.

PennantPark Floating Rate Capital (PFLT) opened at $13.99 on Friday. The firm has a market cap of $455.37, a P/E ratio of 12.86 and a beta of 0.60. PennantPark Floating Rate Capital has a 52 week low of $13.24 and a 52 week high of $14.65.

The firm also recently declared a monthly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be paid a dividend of $0.095 per share. The ex-dividend date is Thursday, November 16th. This represents a $1.14 annualized dividend and a dividend yield of 8.15%. PennantPark Floating Rate Capital’s dividend payout ratio is currently 78.08%.

Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Tuesday, September 26th. Maxim Group reiterated a “buy” rating and set a $14.75 price target on shares of PennantPark Floating Rate Capital in a report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $16.00 price objective on PennantPark Floating Rate Capital and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, BidaskClub upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $15.08.

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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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