12,069 Shares in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) during the fourth quarter, Holdings Channel reports. The fund acquired 12,069 shares of the asset manager’s stock, valued at approximately $131,000.

A number of other large investors have also recently added to or reduced their stakes in PFLT. Wilmington Savings Fund Society FSB bought a new stake in shares of PennantPark Floating Rate Capital during the 3rd quarter valued at about $39,000. Calton & Associates Inc. bought a new position in shares of PennantPark Floating Rate Capital during the third quarter valued at approximately $119,000. Jmac Enterprises LLC acquired a new stake in shares of PennantPark Floating Rate Capital during the 3rd quarter worth approximately $120,000. Paloma Partners Management Co acquired a new stake in shares of PennantPark Floating Rate Capital during the 3rd quarter worth approximately $174,000. Finally, XTX Topco Ltd bought a new stake in shares of PennantPark Floating Rate Capital in the 3rd quarter worth approximately $182,000. 19.77% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Raymond James initiated coverage on shares of PennantPark Floating Rate Capital in a report on Friday, December 20th. They issued a “market perform” rating on the stock. StockNews.com upgraded shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Wednesday.

PennantPark Floating Rate Capital Stock Performance

Shares of NASDAQ PFLT opened at $11.24 on Friday. The stock’s fifty day simple moving average is $11.03 and its 200 day simple moving average is $11.20. The stock has a market capitalization of $988.89 million, a price-to-earnings ratio of 7.86 and a beta of 1.65. PennantPark Floating Rate Capital Ltd. has a 52-week low of $10.28 and a 52-week high of $12.02. 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 declared a monthly dividend, which will be paid on Monday, March 3rd. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.1025 per share. This represents a $1.23 annualized dividend and a dividend yield of 10.94%. The ex-dividend date of this dividend is Tuesday, February 18th. PennantPark Floating Rate Capital’s dividend payout ratio is currently 87.86%.

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.