Voya Asia Pacific High Divid Eqt Incm Fd (NYSE: IAE) and Pennantpark Floating Rate Capital (NASDAQ:PFLT) are both small-cap financials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their institutional ownership, earnings, profitability, risk, analyst recommendations, valuation and dividends.
This is a summary of recent ratings and price targets for Voya Asia Pacific High Divid Eqt Incm Fd and Pennantpark Floating Rate Capital, as provided by MarketBeat.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
|Voya Asia Pacific High Divid Eqt Incm Fd||0||0||0||0||N/A|
|Pennantpark Floating Rate Capital||0||0||4||0||3.00|
Insider & Institutional Ownership
27.0% of Pennantpark Floating Rate Capital shares are owned by institutional investors. 1.0% of Pennantpark Floating Rate Capital shares are owned by company insiders. Strong institutional ownership is an indication that hedge funds, endowments and large money managers believe a company will outperform the market over the long term.
Risk and Volatility
Voya Asia Pacific High Divid Eqt Incm Fd has a beta of 1, suggesting that its stock price has a similar volatility profile to the S&P 500.Comparatively, Pennantpark Floating Rate Capital has a beta of 0.54, suggesting that its stock price is 46% less volatile than the S&P 500.
Earnings and Valuation
This table compares Voya Asia Pacific High Divid Eqt Incm Fd and Pennantpark Floating Rate Capital’s revenue, earnings per share and valuation.
|Gross Revenue||Price/Sales Ratio||Net Income||Earnings Per Share||Price/Earnings Ratio|
|Voya Asia Pacific High Divid Eqt Incm Fd||N/A||N/A||N/A||N/A||N/A|
|Pennantpark Floating Rate Capital||$59.50 million||8.12||$36.32 million||$1.06||11.75|
Pennantpark Floating Rate Capital has higher revenue and earnings than Voya Asia Pacific High Divid Eqt Incm Fd.
Pennantpark Floating Rate Capital pays an annual dividend of $1.14 per share and has a dividend yield of 9.1%. Voya Asia Pacific High Divid Eqt Incm Fd does not pay a dividend. Pennantpark Floating Rate Capital pays out 107.5% of its earnings in the form of a dividend, suggesting it may not have sufficient earnings to cover its dividend payment in the future.
This table compares Voya Asia Pacific High Divid Eqt Incm Fd and Pennantpark Floating Rate Capital’s net margins, return on equity and return on assets.
|Net Margins||Return on Equity||Return on Assets|
|Voya Asia Pacific High Divid Eqt Incm Fd||N/A||N/A||N/A|
|Pennantpark Floating Rate Capital||47.64%||7.49%||4.48%|
Pennantpark Floating Rate Capital beats Voya Asia Pacific High Divid Eqt Incm Fd on 9 of the 11 factors compared between the two stocks.
About Voya Asia Pacific High Divid Eqt Incm Fd
Voya Asia Pacific High Dividend Equity Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide total return through a combination of current income capital gains and capital appreciation. It invests over 80% of its managed assets in dividend-producing equity securities of, or derivatives having economic characteristics similar to the equity securities of, Asia Pacific companies that are listed and traded principally on Asia Pacific exchanges. It sells call options on selected Asia-Pacific indexes and/or equity securities and/or exchange traded funds, with the underlying value of such calls representing 0 to 50% of the value of the Fund’s equity securities. It invests in various sectors, including financials, information technology, consumer staples, energy, utilities, consumer discretionary, industrials, materials and healthcare. Its investment advisor is Voya Investments, LLC and NNIP Advisors B.V. is the sub-advisor.
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. It provides first lien secured debt and other opportunistic financings (senior notes, second lien, mezzanine, private high yield debt, and preferred and common stock) to middle market sponsors and companies. Its investments may include equity features, such as direct investments in the equity securities of borrowers or warrants or options to buy a minority interest in a portfolio company. It has investments in various sectors, including aerospace and defense; consumer services; healthcare and pharmaceuticals, and others. Its investment activities are managed by the investment advisor, PennantPark Investment Advisers, LLC.
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