Pennantpark Floating Rate Capital Ltd (NASDAQ:pflt) announced a dividend on Wednesday, October 5th. Shareholders of record on Thursday, October 20th will be given a dividend of 0.095 per share on Tuesday, November 1st. The ex-dividend date is Tuesday, October 18th.

Shares of Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at 13.61 on Thursday. Pennantpark Floating Rate Capital has a 52-week low of $9.73 and a 52-week high of $13.65. The firm’s 50-day moving average price is $13.06 and its 200-day moving average price is $12.43.

Separately, Zacks Investment Research raised Pennantpark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, August 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Pennantpark Floating Rate Capital currently has an average rating of “Buy” and an average target price of $14.25.

Several hedge funds have recently made changes to their positions in PFLT. Janney Montgomery Scott LLC raised its stake in shares of Pennantpark Floating Rate Capital by 1.0% in the second quarter. Janney Montgomery Scott LLC now owns 201,676 shares of the company’s stock valued at $2,269,000 after buying an additional 1,960 shares in the last quarter. BlackRock Group LTD raised its stake in shares of Pennantpark Floating Rate Capital by 14.6% in the second quarter. BlackRock Group LTD now owns 143,386 shares of the company’s stock valued at $1,778,000 after buying an additional 18,238 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Pennantpark Floating Rate Capital by 13.1% in the second quarter. Van ECK Associates Corp now owns 123,572 shares of the company’s stock valued at $1,532,000 after buying an additional 14,313 shares in the last quarter. Nuveen Fund Advisors LLC purchased a new stake in shares of Pennantpark Floating Rate Capital during the second quarter valued at $1,267,000. Finally, HighTower Advisors LLC raised its stake in shares of Pennantpark Floating Rate Capital by 2.2% in the second quarter. HighTower Advisors LLC now owns 97,896 shares of the company’s stock valued at $1,213,000 after buying an additional 2,124 shares in the last quarter.

Pennantpark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed, non-diversified investment company. 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.

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