Dividend Flows Coverage: $0.10 dividends are within arm’s reach for PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) shareholders.

Dividend Flows Coverage: $0.10 dividends are within arm's reach for PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) shareholders.

PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) is expected to pay $0.10 on Dec 1, 2016. The indicated annual dividend is $1.14. Shareholders owning the stock before Nov 16, 2016 will be eligible to receive the payout. Based on PennantPark Floating Rate Capital Ltd.’s current price of $13.28, the dividend is 0.72%. This dividend’s record date is Nov 18, 2016 and the announcement date is Nov 4, 2016. The stock decreased 0.38% or $0.05 on November 14, hitting $13.28. Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) has risen 11.88% since April 13, 2016 and is uptrending. It has outperformed by 7.95% the S&P500.

PennantPark Floating Rate Capital Ltd. is a business development company. The company has a market cap of $356.31 million. The Firm is a closed-end, externally managed, non-diversified investment company. It has a 18.5 P/E ratio. The Company’s objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest, or Floating Rate Loans, and other investments made to the United States middle-market companies.

Insitutional Activity: The institutional sentiment increased to 1.16 in Q2 2016. Its up 0.23, from 0.93 in 2016Q1. The ratio improved, as 8 funds sold all Pennantpark Floating Rate Capital Ltd shares owned while 17 reduced positions. 8 funds bought stakes while 21 increased positions. They now own 6.80 million shares or 6.54% more from 6.39 million shares in 2016Q1.
Confluence Investment Mngmt Lc owns 152,838 shares or 0.05% of their US portfolio. Brown Brothers Harriman owns 640 shares or 0% of their US portfolio. Manufacturers Life Insur The has 0% invested in the company for 138,870 shares. Ladenburg Thalmann Fin Ser last reported 0.01% of its portfolio in the stock. Punch And Management holds 1.31% or 917,383 shares in its portfolio. Ubs Asset Americas Inc holds 47,702 shares or 0% of its portfolio. Freestone Cap Limited Liability holds 0.36% or 298,234 shares in its portfolio. Atwood And Palmer accumulated 640 shares or 0% of the stock. Berson Corrado Ltd owns 38,040 shares or 0.31% of their US portfolio. Tower Capital Ltd (Trc) accumulated 796 shares or 0% of the stock. Jpmorgan Chase And has 16,000 shares for 0% of their US portfolio. First Allied Advisory Services, a Missouri-based fund reported 20,771 shares. Focused Wealth Mgmt holds 750 shares or 0% of its portfolio. Texas Yale Capital Corporation has 0.08% invested in the company for 65,794 shares. Css Ltd Liability Corporation Il owns 95,954 shares or 0.08% of their US portfolio.

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

Out of 4 analysts covering PennantPark Floating Rate Capital (NASDAQ:PFLT), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. PennantPark Floating Rate Capital has been the topic of 5 analyst reports since August 26, 2015 according to StockzIntelligence Inc. Zacks upgraded Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) rating on Wednesday, August 26. Zacks has “Hold” rating and $13 price target. Wood maintained it with “Market Perform” rating and $14.25 target price in Wednesday, August 26 report. The stock of Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) has “Buy” rating given on Monday, November 16 by Maxim Group.

More news for Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) were recently published by: Prnewswire.com, which released: “PennantPark Floating Rate Capital Ltd. and MCG Capital Corporation Announce …” on August 18, 2015. Prnewswire.com‘s article titled: “Stockholders of PennantPark Floating Rate Capital Ltd. and MCG Capital …” and published on August 14, 2015 is yet another important article.

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