Y Intercept Hong Kong Ltd Sells 19,167 Shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Y Intercept Hong Kong Ltd trimmed its position in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 27.5% in the third quarter, Holdings Channel reports. The fund owned 50,644 shares of the asset manager’s stock after selling 19,167 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in PennantPark Floating Rate Capital were worth $586,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC lifted its stake in shares of PennantPark Floating Rate Capital by 11.5% in the 3rd quarter. Sound Income Strategies LLC now owns 2,963,258 shares of the asset manager’s stock valued at $34,285,000 after acquiring an additional 306,690 shares during the last quarter. Millennium Management LLC lifted its stake in shares of PennantPark Floating Rate Capital by 391.3% in the 2nd quarter. Millennium Management LLC now owns 783,912 shares of the asset manager’s stock valued at $9,046,000 after acquiring an additional 624,342 shares during the last quarter. Van ECK Associates Corp increased its holdings in PennantPark Floating Rate Capital by 22.5% in the third quarter. Van ECK Associates Corp now owns 1,798,265 shares of the asset manager’s stock valued at $20,554,000 after purchasing an additional 330,731 shares during the period. Strategic Financial Concepts LLC increased its holdings in PennantPark Floating Rate Capital by 1,151.8% in the second quarter. Strategic Financial Concepts LLC now owns 698,506 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 642,706 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new stake in PennantPark Floating Rate Capital in the second quarter valued at $1,769,000. 19.77% of the stock is currently owned by institutional investors.

PennantPark Floating Rate Capital Stock Performance

NASDAQ PFLT opened at $11.03 on Friday. The company has a market capitalization of $918.03 million, a price-to-earnings ratio of 7.71 and a beta of 1.65. PennantPark Floating Rate Capital Ltd. has a twelve month low of $10.28 and a twelve month high of $12.63. The stock has a fifty day simple moving average of $11.28 and a 200 day simple moving average of $11.34. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.63.

PennantPark Floating Rate Capital Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 2nd. Investors of record on Monday, December 16th will be issued a $0.1025 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.23 dividend on an annualized basis and a yield of 11.15%. PennantPark Floating Rate Capital’s payout ratio is 86.01%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Monday, November 25th.

PennantPark Floating Rate Capital Company 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.