Quantbot Technologies LP Has $146,000 Stake in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Quantbot Technologies LP lowered its position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 56.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 13,389 shares of the asset manager’s stock after selling 17,032 shares during the period. Quantbot Technologies LP’s holdings in PennantPark Floating Rate Capital were worth $146,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB acquired a new position in shares of PennantPark Floating Rate Capital during the 3rd quarter worth $39,000. Investment Partners LTD. bought a new stake in PennantPark Floating Rate Capital in the fourth quarter worth $109,000. Sigma Planning Corp bought a new position in PennantPark Floating Rate Capital during the fourth quarter valued at about $119,000. Mirae Asset Global Investments Co. Ltd. bought a new position in PennantPark Floating Rate Capital during the fourth quarter valued at about $131,000. Finally, Blue Trust Inc. acquired a new stake in shares of PennantPark Floating Rate Capital in the fourth quarter worth about $136,000. Institutional investors own 19.77% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PFLT. Raymond James started coverage on PennantPark Floating Rate Capital in a research note on Friday, December 20th. They issued a “market perform” rating on the stock. StockNews.com lowered shares of PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a research report on Wednesday, March 19th.

PennantPark Floating Rate Capital Price Performance

NASDAQ PFLT opened at $11.28 on Monday. The stock has a 50-day simple moving average of $11.18 and a 200 day simple moving average of $11.21. PennantPark Floating Rate Capital Ltd. has a twelve month low of $10.28 and a twelve month high of $12.02. The stock has a market capitalization of $991.70 million, a PE ratio of 8.05 and a beta of 1.67. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.15 and a current ratio of 0.15.

PennantPark Floating Rate Capital Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.1025 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.23 annualized dividend and a dividend yield of 10.91%. PennantPark Floating Rate Capital’s dividend payout ratio is 87.86%.

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.