PennantPark Floating Rate Capital (PFLT) Earns Media Sentiment Score of -0.12
Media coverage about PennantPark Floating Rate Capital (NASDAQ:PFLT) has been trending somewhat negative this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. PennantPark Floating Rate Capital earned a news sentiment score of -0.12 on Accern’s scale. Accern also assigned headlines about the asset manager an impact score of 47.0122731327709 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern Sentiment Analysis’s scoring:
- PennantPark Floating Rate Capital Ltd. (PFLT) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- $0.35 Earnings Per Share Expected for PennantPark Floating Rate Capital Ltd. (PFLT) This Quarter (americanbankingnews.com)
- PennantPark Floating Rate Capital Ltd. (PFLT) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Reviewing Invesco California Value Municipal Income Trust (VCV) and PennantPark Floating Rate Capital (PFLT) (americanbankingnews.com)
- PennantPark Floating Rate Capital Ltd. (PFLT) Plans Monthly Dividend of $0.10 (americanbankingnews.com)
PennantPark Floating Rate Capital (PFLT) opened at 14.28 on Thursday. The firm has a 50 day moving average of $14.21 and a 200 day moving average of $14.02. PennantPark Floating Rate Capital has a one year low of $12.21 and a one year high of $14.45.
PennantPark Floating Rate Capital (NASDAQ:PFLT) last announced its quarterly earnings data on Tuesday, August 8th. The asset manager reported $0.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.28 by ($0.03). The firm had revenue of $15.19 million for the quarter, compared to the consensus estimate of $15.17 million. PennantPark Floating Rate Capital had a return on equity of 7.26% and a net margin of 73.28%. On average, equities research analysts expect that PennantPark Floating Rate Capital will post $1.16 EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Wednesday, September 20th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Tuesday, September 19th. This represents a $1.14 annualized dividend and a yield of 7.98%. PennantPark Floating Rate Capital’s dividend payout ratio is currently 78.08%.
PFLT has been the topic of several recent research reports. Zacks Investment Research raised shares of PennantPark Floating Rate Capital from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research note on Tuesday, August 15th. Maxim Group reaffirmed a “buy” rating and issued a $14.75 price objective on shares of PennantPark Floating Rate Capital in a research note on Wednesday, August 9th. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $15.50 price objective on shares of PennantPark Floating Rate Capital in a research note on Thursday, August 31st. Finally, BidaskClub raised shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Saturday, August 19th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $15.00.
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PennantPark Floating Rate Capital Company Profile
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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