AllSquare Wealth Management LLC raised its stake in shares of Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) by 3.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,800 shares of the asset manager’s stock after buying an additional 1,000 shares during the period. AllSquare Wealth Management LLC owned approximately 0.10% of Pennantpark Floating Rate Capital worth $388,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Relative Value Partners Group LLC raised its position in shares of Pennantpark Floating Rate Capital by 9.2% in the third quarter. Relative Value Partners Group LLC now owns 172,356 shares of the asset manager’s stock valued at $2,280,000 after buying an additional 14,578 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Pennantpark Floating Rate Capital by 26.7% in the fourth quarter. Two Sigma Investments LP now owns 64,796 shares of the asset manager’s stock worth $914,000 after buying an additional 13,648 shares in the last quarter. HighTower Advisors LLC raised its position in shares of Pennantpark Floating Rate Capital by 2.1% in the third quarter. HighTower Advisors LLC now owns 99,914 shares of the asset manager’s stock worth $1,322,000 after buying an additional 2,018 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Pennantpark Floating Rate Capital by 44.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 9,379 shares of the asset manager’s stock worth $132,000 after buying an additional 2,868 shares in the last quarter. Finally, Boyle Capital Management L.L.C. raised its position in shares of Pennantpark Floating Rate Capital by 0.7% in the third quarter. Boyle Capital Management L.L.C. now owns 54,542 shares of the asset manager’s stock worth $722,000 after buying an additional 373 shares in the last quarter.

Institutional Ownership by Quarter for Pennantpark Floating Rate Capital (NASDAQ:PFLT)

Pennantpark Floating Rate Capital Ltd (NASDAQ PFLT) opened at 14.00 on Monday. The stock has a 50 day moving average price of $14.02 and a 200 day moving average price of $13.93. Pennantpark Floating Rate Capital Ltd has a 52-week low of $12.10 and a 52-week high of $14.30.

Pennantpark Floating Rate Capital (NASDAQ:PFLT) last posted its earnings results on Tuesday, May 9th. The asset manager reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $13.22 million during the quarter, compared to analysts’ expectations of $14.43 million. On average, equities analysts forecast that Pennantpark Floating Rate Capital Ltd will post $1.10 earnings per share for the current fiscal year.

The business also recently announced a monthly dividend, which will be paid on Monday, July 3rd. Investors of record on Wednesday, June 21st will be paid a $0.095 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 8.14%. The ex-dividend date is Monday, June 19th.

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A number of brokerages have recently commented on PFLT. Zacks Investment Research downgraded Pennantpark Floating Rate Capital from a “hold” rating to a “sell” rating in a research note on Thursday, April 13th. Ladenburg Thalmann Financial Services upgraded Pennantpark Floating Rate Capital from a “neutral” rating to a “buy” rating and set a $14.75 target price on the stock in a research note on Thursday, May 11th. Keefe, Bruyette & Woods upgraded Pennantpark Floating Rate Capital from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $15.00 to $15.50 in a research note on Wednesday, May 10th. SunTrust Banks, Inc. began coverage on Pennantpark Floating Rate Capital in a research report on Friday, March 10th. They set a “buy” rating and a $15.00 price target on the stock. Finally, TheStreet upgraded Pennantpark Floating Rate Capital from a “c+” rating to a “b” rating in a research report on Monday, March 20th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $14.79.

About Pennantpark Floating Rate Capital

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.

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