$0.10 dividends just around the corner for PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) shareholders.

September 18, 2017 – By Winifred Garcia

Investors sentiment decreased to 1.04 in Q4 2016. Its down 0.53, from 1.57 in 2016Q3. It dropped, as 5 investors sold Pennantpark Floating Rate Capital Ltd shares while 18 reduced holdings. 5 funds opened positions while 19 raised stakes. 6.70 million shares or 2.76% less from 6.89 million shares in 2016Q3 were reported.
Bbr Prns Limited Liability has 0.06% invested in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT). Edge Wealth Mngmt Limited Liability Com owns 2,000 shares for 0.01% of their portfolio. Allsquare Wealth Mngmt Lc reported 26,800 shares. 203 were accumulated by Plante Moran Financial Advisors Limited Liability Co. Cue Gp holds 156,256 shares or 1.78% of its portfolio. Punch & Associate Inv Management holds 940,577 shares or 1.32% of its portfolio. Hightower Ltd Co has 101,879 shares for 0.02% of their portfolio. Ares Mgmt Lc holds 0.32% of its portfolio in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) for 399,768 shares. Wells Fargo & Mn holds 0% or 40,267 shares. Creative Planning has 1,133 shares. Savings Bank Of America Corp De has 14,748 shares for 0% of their portfolio. Washington-based Freestone Limited Company has invested 0% in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT). Van Eck Assoc Corporation stated it has 0.01% of its portfolio in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT). Blackrock Group Inc reported 0% of its portfolio in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT). D E Shaw And Incorporated has 0% invested in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) for 56,577 shares.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is expected to pay $0.10 on Oct 2, 2017. The indicated annual dividend is $1.14. Shareholders owning the stock before Sep 19, 2017 will be eligible to receive the payout. Based on PennantPark Floating Rate Capital Ltd.’s current price of $14.33, the dividend is 0.66 %. This dividend’s record date is Sep 20, 2017 and the announcement date is Sep 6, 2017. The stock decreased 0.35% or $0.05 on September 15, reaching $14.33. About shares traded. Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) has risen 19.25% since September 18, 2016 and is uptrending. It has outperformed by 2.55% the S&P500.

PennantPark Floating Rate Capital Ltd. is a business development company. The company has market cap of $465.44 million. The Firm is a closed-end, externally managed and non-diversified investment company. It has a 9.81 P/E ratio. The Company’s 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.

Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) Ratings Coverage

Among 8 analysts covering PennantPark Floating Rate Capital (NASDAQ:PFLT), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. PennantPark Floating Rate Capital has $15.5000 highest and $13 lowest target. $14.34’s average target is 0.07% above currents $14.33 stock price. PennantPark Floating Rate Capital had 11 analyst reports since August 26, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, August 26 by Zacks. Ladenburg Thalmann upgraded the shares of PFLT in report on Thursday, May 11 to “Buy” rating. The stock of Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) earned “Market Perform” rating by Wood on Wednesday, August 26. Maxim Group maintained the shares of PFLT in report on Monday, November 16 with “Buy” rating. The company was maintained on Wednesday, August 9 by Maxim Group. The firm has “Buy” rating given on Sunday, July 23 by Keefe Bruyette & Woods. The stock has “Buy” rating by Maxim Group on Friday, November 25.

More important recent Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) news were published by: Seekingalpha.com which released: “PennantPark Floating Rate Capital Will Prosper With Rising Rates” on March 21, 2017, also Globenewswire.com published article titled: “PennantPark Floating Rate Capital Ltd. Upsizes Credit Facility to $375 Million”, Seekingalpha.com published: “PennantPark Floating Rate Capital’s (PFLT) CEO Art Penn on Q2 2017 Results …” on May 10, 2017. More interesting news about Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) was released by: Globenewswire.com and their article: “PennantPark Floating Rate Capital Ltd. Announces Financial Results for the …” with publication date: August 08, 2017.