Media stories about PennantPark Floating Rate Capital (NASDAQ:PFLT) have trended somewhat negative this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. PennantPark Floating Rate Capital earned a daily sentiment score of -0.09 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 45.9579805091514 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the headlines that may have impacted Accern Sentiment’s scoring:
- PennantPark Floating Rate Capital Ltd. (PFLT) Upgraded by BidaskClub to “Hold” (americanbankingnews.com)
- PennantPark Floating Rate Is ‘August Opportunity,’ Says KBW (barrons.com)
- PennantPark Floating Rate Is ‘August Opportunity,’ Says KBW (finance.yahoo.com)
- FY2017 Earnings Forecast for PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Issued By SunTrust Banks (americanbankingnews.com)
Shares of PennantPark Floating Rate Capital (NASDAQ:PFLT) traded up 0.50% on Friday, hitting $14.17. The stock had a trading volume of 153,301 shares. PennantPark Floating Rate Capital has a 1-year low of $12.21 and a 1-year high of $14.45. The firm has a 50 day moving average of $14.22 and a 200-day moving average of $13.97.
PennantPark Floating Rate Capital (NASDAQ:PFLT) last posted its earnings results on Tuesday, August 8th. The asset manager reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by $0.03. The business had revenue of $15.19 million during the quarter, compared to the consensus estimate of $15.17 million. PennantPark Floating Rate Capital had a return on equity of 7.26% and a net margin of 73.28%. On average, equities research analysts predict that PennantPark Floating Rate Capital will post $1.16 EPS for the current fiscal year.
The firm also recently announced 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. The ex-dividend date is Wednesday, August 16th. This represents a $1.14 annualized dividend and a dividend yield of 8.05%. PennantPark Floating Rate Capital’s payout ratio is presently 78.08%.
A number of equities research analysts recently weighed in on the company. Maxim Group restated a “buy” rating and set a $14.75 price objective on shares of PennantPark Floating Rate Capital in a research report on Wednesday, August 9th. Zacks Investment Research upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Friday, May 12th. Keefe, Bruyette & Woods upgraded PennantPark Floating Rate Capital from a “market perform” rating to an “outperform” rating and upped their price target for the company from $15.00 to $15.50 in a research report on Wednesday, May 10th. Ladenburg Thalmann Financial Services upgraded PennantPark Floating Rate Capital from a “neutral” rating to a “buy” rating and set a $14.75 price target on the stock in a research report on Thursday, May 11th. Finally, BidaskClub upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. PennantPark Floating Rate Capital presently has a consensus rating of “Buy” and an average price target of $15.00.
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.
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