Graypoint LLC Purchases 1,897 Shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Graypoint LLC boosted its position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 2.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 71,156 shares of the asset manager’s stock after purchasing an additional 1,897 shares during the quarter. Graypoint LLC owned about 0.09% of PennantPark Floating Rate Capital worth $778,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PFLT. Millennium Management LLC grew its stake in shares of PennantPark Floating Rate Capital by 391.3% in the second quarter. Millennium Management LLC now owns 783,912 shares of the asset manager’s stock valued at $9,046,000 after acquiring an additional 624,342 shares in the last quarter. Van ECK Associates Corp grew its position in shares of PennantPark Floating Rate Capital by 22.5% during the 3rd quarter. Van ECK Associates Corp now owns 1,798,265 shares of the asset manager’s stock worth $20,554,000 after purchasing an additional 330,731 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of PennantPark Floating Rate Capital by 11.5% during the 3rd quarter. Sound Income Strategies LLC now owns 2,963,258 shares of the asset manager’s stock worth $34,285,000 after purchasing an additional 306,690 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new position in shares of PennantPark Floating Rate Capital during the 2nd quarter worth approximately $1,769,000. Finally, JPMorgan Chase & Co. grew its position in shares of PennantPark Floating Rate Capital by 72.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 251,733 shares of the asset manager’s stock worth $2,913,000 after purchasing an additional 105,855 shares in the last quarter. 19.77% of the stock is owned by institutional investors and hedge funds.

PennantPark Floating Rate Capital Stock Performance

NASDAQ PFLT opened at $10.93 on Friday. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $909.70 million, a price-to-earnings ratio of 7.64 and a beta of 1.65. The firm’s 50 day simple moving average is $11.01 and its 200 day simple moving average is $11.28. PennantPark Floating Rate Capital Ltd. has a 1 year low of $10.28 and a 1 year high of $12.45.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Investors of record on Wednesday, January 15th will be given a dividend of $0.1025 per share. The ex-dividend date is Wednesday, January 15th. This represents a $1.23 annualized dividend and a dividend yield of 11.25%. PennantPark Floating Rate Capital’s dividend payout ratio is 86.01%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PFLT. Raymond James began coverage on shares of PennantPark Floating Rate Capital in a research report on Friday, December 20th. They set 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 Tuesday, December 24th.

PennantPark Floating Rate Capital Company 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.