PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Shares Sold by AllSquare Wealth Management LLC

AllSquare Wealth Management LLC decreased its holdings in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) by 32.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,200 shares of the asset manager’s stock after selling 4,500 shares during the quarter. AllSquare Wealth Management LLC’s holdings in PennantPark Floating Rate Capital were worth $101,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of PFLT. Wilmington Savings Fund Society FSB purchased a new stake in PennantPark Floating Rate Capital during the 3rd quarter worth approximately $39,000. Investment Partners LTD. acquired a new stake in shares of PennantPark Floating Rate Capital during the fourth quarter worth approximately $109,000. Sigma Planning Corp bought a new stake in shares of PennantPark Floating Rate Capital in the fourth quarter worth $119,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in PennantPark Floating Rate Capital in the fourth quarter valued at $131,000. Finally, Blue Trust Inc. bought a new position in PennantPark Floating Rate Capital during the 4th quarter valued at $136,000. Hedge funds and other institutional investors own 19.77% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PFLT. Raymond James initiated coverage on shares of PennantPark Floating Rate Capital in a research report on Friday, December 20th. They issued a “market perform” rating for the company. StockNews.com lowered PennantPark Floating Rate Capital from a “hold” rating to a “sell” rating in a report on Wednesday.

PennantPark Floating Rate Capital Stock Down 0.0 %

PFLT stock opened at $11.12 on Friday. The firm has a market cap of $977.63 million, a price-to-earnings ratio of 7.94 and a beta of 1.67. PennantPark Floating Rate Capital Ltd. has a 1-year low of $10.28 and a 1-year high of $12.02. The firm has a fifty day moving average price of $11.15 and a two-hundred day moving average price of $11.22. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.15 and a quick ratio of 0.15.

PennantPark Floating Rate Capital Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.1025 per share. This represents a $1.23 dividend on an annualized basis and a dividend yield of 11.07%. The ex-dividend date of this dividend is Friday, March 14th. PennantPark Floating Rate Capital’s payout ratio is 87.86%.

About PennantPark Floating Rate Capital

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.