Janney Montgomery Scott LLC Has $403,000 Stock Holdings in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Janney Montgomery Scott LLC decreased its position in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT – Get Rating) by 24.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,017 shares of the asset manager’s stock after selling 13,654 shares during the period. Janney Montgomery Scott LLC’s holdings in PennantPark Floating Rate Capital were worth $403,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Arkadios Wealth Advisors acquired a new stake in PennantPark Floating Rate Capital during the third quarter valued at $156,000. Wambolt & Associates LLC boosted its position in PennantPark Floating Rate Capital by 7.1% during the third quarter. Wambolt & Associates LLC now owns 18,888 shares of the asset manager’s stock valued at $181,000 after purchasing an additional 1,250 shares during the last quarter. Sound Income Strategies LLC boosted its position in PennantPark Floating Rate Capital by 5.3% during the third quarter. Sound Income Strategies LLC now owns 2,580,738 shares of the asset manager’s stock valued at $24,775,000 after purchasing an additional 129,094 shares during the last quarter. Wedbush Securities Inc. boosted its position in PennantPark Floating Rate Capital by 5.7% during the third quarter. Wedbush Securities Inc. now owns 55,900 shares of the asset manager’s stock valued at $537,000 after purchasing an additional 3,035 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in PennantPark Floating Rate Capital by 6.4% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 32,229 shares of the asset manager’s stock valued at $309,000 after purchasing an additional 1,946 shares during the last quarter. Institutional investors and hedge funds own 21.02% of the company’s stock.

PennantPark Floating Rate Capital Price Performance

NASDAQ PFLT opened at $11.81 on Tuesday. PennantPark Floating Rate Capital Ltd. has a fifty-two week low of $9.43 and a fifty-two week high of $14.38. The stock’s 50-day moving average is $11.38 and its two-hundred day moving average is $11.50. The company has a debt-to-equity ratio of 0.43, a current ratio of 0.12 and a quick ratio of 0.12. The firm has a market cap of $535.54 million, a P/E ratio of 131.22 and a beta of 1.66.

PennantPark Floating Rate Capital (NASDAQ:PFLT – Get Rating) last posted its earnings results on Wednesday, November 16th. The asset manager reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.01). PennantPark Floating Rate Capital had a net margin of 3.28% and a return on equity of 9.48%. The company had revenue of $28.79 million for the quarter, compared to the consensus estimate of $27.04 million. On average, analysts anticipate that PennantPark Floating Rate Capital Ltd. will post 1.21 earnings per share for the current fiscal year.

PennantPark Floating Rate Capital Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, February 1st. Stockholders of record on Thursday, January 19th will be paid a $0.095 dividend. The ex-dividend date is Wednesday, January 18th. This represents a $1.14 dividend on an annualized basis and a dividend yield of 9.65%. PennantPark Floating Rate Capital’s payout ratio is presently 1,266.67%.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on PennantPark Floating Rate Capital in a research report on Wednesday, October 12th. They set a “sell” rating for the company.

PennantPark Floating Rate Capital Profile

(Get Rating)

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.