PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Holdings Raised by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its stake in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 10.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,826 shares of the asset manager’s stock after purchasing an additional 3,782 shares during the quarter. Commonwealth Equity Services LLC’s holdings in PennantPark Floating Rate Capital were worth $446,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of PennantPark Floating Rate Capital in the fourth quarter worth approximately $1,046,000. MQS Management LLC acquired a new position in PennantPark Floating Rate Capital in the 4th quarter worth approximately $185,000. Raymond James Financial Inc. purchased a new position in PennantPark Floating Rate Capital during the 4th quarter worth approximately $283,000. Synergy Investment Management LLC acquired a new stake in PennantPark Floating Rate Capital during the 4th quarter valued at $227,000. Finally, Investment Partners LTD. acquired a new stake in PennantPark Floating Rate Capital during the 4th quarter valued at $109,000. Institutional investors and hedge funds own 19.77% of the company’s stock.

PennantPark Floating Rate Capital Stock Down 9.3 %

PFLT stock opened at $10.04 on Friday. The company has a 50 day moving average of $11.14 and a two-hundred day moving average of $11.19. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.57. PennantPark Floating Rate Capital Ltd. has a 12-month low of $10.02 and a 12-month high of $12.02. The company has a market cap of $882.64 million, a price-to-earnings ratio of 7.17 and a beta of 1.67.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be paid a $0.1025 dividend. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 dividend on an annualized basis and a yield of 12.26%. PennantPark Floating Rate Capital’s dividend payout ratio (DPR) is currently 87.86%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Raymond James initiated coverage on PennantPark Floating Rate Capital in a report on Friday, December 20th. They set a “market perform” rating on the stock. StockNews.com raised PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Thursday.

About PennantPark Floating Rate Capital

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.