Pennantpark Floating Rate Capital Ltd (pflt) To Go Ex-Dividend on November 16th
Pennantpark Floating Rate Capital Ltd (NASDAQ:pflt) announced a dividend on Friday, November 4th. Investors of record on Friday, November 18th will be given a dividend of 0.095 per share on Thursday, December 1st. The ex-dividend date of this dividend is Wednesday, November 16th.
Shares of Pennantpark Floating Rate Capital (NASDAQ:PFLT) opened at 13.28 on Tuesday. The company’s 50-day moving average price is $13.15 and its 200 day moving average price is $12.68. Pennantpark Floating Rate Capital has a 1-year low of $9.73 and a 1-year high of $13.65.
Several institutional investors have recently bought and sold shares of PFLT. The Manufacturers Life Insurance Company purchased a new position in Pennantpark Floating Rate Capital during the third quarter worth about $1,819,000. Nuveen Fund Advisors LLC purchased a new position in Pennantpark Floating Rate Capital during the second quarter worth about $1,267,000. BlackRock Group LTD boosted its position in Pennantpark Floating Rate Capital by 14.6% in the second quarter. BlackRock Group LTD now owns 143,386 shares of the company’s stock worth $1,778,000 after buying an additional 18,238 shares during the last quarter. Van ECK Associates Corp boosted its position in 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 worth $1,532,000 after buying an additional 14,313 shares during the last quarter. Finally, Advisor Group Inc. purchased a new position in Pennantpark Floating Rate Capital during the second quarter worth about $107,000.
Separately, Zacks Investment Research cut Pennantpark Floating Rate Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.25.
About Pennantpark Floating Rate Capital
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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