Wedbush Securities Inc. Has $1.39 Million Position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Wedbush Securities Inc. grew its holdings in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 5.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 127,492 shares of the asset manager’s stock after buying an additional 6,382 shares during the quarter. Wedbush Securities Inc.’s holdings in PennantPark Floating Rate Capital were worth $1,393,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of PennantPark Floating Rate Capital during the third quarter worth $39,000. Investment Partners LTD. bought a new stake in PennantPark Floating Rate Capital during the 4th quarter worth about $109,000. Sigma Planning Corp acquired a new position in PennantPark Floating Rate Capital during the 4th quarter valued at about $119,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of PennantPark Floating Rate Capital in the 4th quarter valued at about $131,000. Finally, Blue Trust Inc. acquired a new stake in shares of PennantPark Floating Rate Capital during the 4th quarter worth approximately $136,000. 19.77% of the stock is owned by institutional investors.

PennantPark Floating Rate Capital Price Performance

PFLT opened at $10.04 on Monday. PennantPark Floating Rate Capital Ltd. has a 12 month low of $9.80 and a 12 month high of $12.02. The company has a fifty day simple moving average of $11.14 and a 200 day simple moving average of $11.19. The stock has a market cap of $882.64 million, a P/E ratio of 7.17 and a beta of 1.30. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.57.

PennantPark Floating Rate Capital Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Tuesday, April 15th will be issued a dividend of $0.1025 per share. The ex-dividend date is Tuesday, April 15th. This represents a $1.23 annualized dividend and a yield of 12.26%. PennantPark Floating Rate Capital’s dividend payout ratio (DPR) is currently 87.86%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com raised shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Thursday. Raymond James started coverage on PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a “market perform” rating for the company.

PennantPark Floating Rate Capital 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.