Sigma Planning Corp Has $196,000 Position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Sigma Planning Corp lessened its holdings in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 13.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,204 shares of the asset manager’s stock after selling 2,412 shares during the period. Sigma Planning Corp’s holdings in PennantPark Floating Rate Capital were worth $196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. CFO4Life Group LLC acquired a new stake in shares of PennantPark Floating Rate Capital during the third quarter worth $112,000. Calton & Associates Inc. acquired a new position in shares of PennantPark Floating Rate Capital during the third quarter worth about $130,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of PennantPark Floating Rate Capital during the third quarter worth about $130,000. Commonwealth Equity Services LLC raised its position in PennantPark Floating Rate Capital by 55.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 19,936 shares of the asset manager’s stock valued at $213,000 after buying an additional 7,138 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in PennantPark Floating Rate Capital in the 3rd quarter valued at approximately $223,000. 19.77% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, JMP Securities reissued a “market outperform” rating and issued a $12.50 price objective on shares of PennantPark Floating Rate Capital in a research report on Tuesday, March 26th.

PennantPark Floating Rate Capital Trading Down 0.3 %

NASDAQ PFLT opened at $11.46 on Tuesday. The company has a market cap of $706.28 million, a PE ratio of 8.45 and a beta of 1.68. PennantPark Floating Rate Capital Ltd. has a 12 month low of $9.69 and a 12 month high of $12.63. The stock has a 50 day moving average of $11.31 and a 200-day moving average of $11.29. The company has a current ratio of 0.19, a quick ratio of 0.19 and a debt-to-equity ratio of 0.34.

PennantPark Floating Rate Capital (NASDAQ:PFLT) last announced its quarterly earnings data on Wednesday, February 7th. The asset manager reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.02. PennantPark Floating Rate Capital had a net margin of 43.40% and a return on equity of 11.83%. The company had revenue of $37.97 million during the quarter, compared to the consensus estimate of $35.03 million. On average, equities research analysts anticipate that PennantPark Floating Rate Capital Ltd. will post 1.29 EPS for the current fiscal year.

PennantPark Floating Rate Capital Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, May 1st. Investors of record on Monday, April 15th will be issued a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 10.73%. The ex-dividend date of this dividend is Friday, April 12th. PennantPark Floating Rate Capital’s payout ratio is presently 109.82%.

PennantPark Floating Rate Capital Profile

PennantPark Floating Rate Capital Ltd. is a business development company. It seeks to make secondary direct, debt, equity, and loan investments. The fund seeks to invest through floating rate loans in private or thinly traded or small market-cap, public middle market companies. It primarily invests in the United States and to a limited extent non-U.S.