Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) Stock Holdings Increased by Wiley BROS. Aintree Capital LLC

Wiley BROS. Aintree Capital LLC increased its holdings in Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT) by 2.7% during the third quarter, Holdings Channel reports. The firm owned 59,439 shares of the asset manager’s stock after purchasing an additional 1,563 shares during the period. Pennantpark Floating Rate Capital makes up 1.0% of Wiley BROS. Aintree Capital LLC’s portfolio, making the stock its 27th largest holding. Wiley BROS. Aintree Capital LLC’s holdings in Pennantpark Floating Rate Capital were worth $782,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Sound Income Strategies LLC grew its holdings in shares of Pennantpark Floating Rate Capital by 16.9% in the 3rd quarter. Sound Income Strategies LLC now owns 1,869,117 shares of the asset manager’s stock worth $21,682,000 after purchasing an additional 270,417 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its holdings in Pennantpark Floating Rate Capital by 4.6% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 314,247 shares of the asset manager’s stock worth $3,633,000 after acquiring an additional 13,711 shares during the last quarter. Susquehanna International Group LLP grew its holdings in Pennantpark Floating Rate Capital by 118.5% during the 2nd quarter. Susquehanna International Group LLP now owns 82,653 shares of the asset manager’s stock worth $955,000 after acquiring an additional 44,825 shares during the last quarter. Citadel Advisors LLC bought a new stake in Pennantpark Floating Rate Capital during the 2nd quarter worth about $133,000. Finally, Morgan Stanley grew its holdings in Pennantpark Floating Rate Capital by 1.3% during the 2nd quarter. Morgan Stanley now owns 355,529 shares of the asset manager’s stock worth $4,109,000 after acquiring an additional 4,735 shares during the last quarter. Institutional investors and hedge funds own 35.97% of the company’s stock.

Pennantpark Floating Rate Capital stock traded up $0.02 during trading hours on Friday, reaching $11.35. 1,377 shares of the company’s stock traded hands, compared to its average volume of 126,639. Pennantpark Floating Rate Capital Ltd has a fifty-two week low of $11.05 and a fifty-two week high of $13.42. The firm has a market capitalization of $440.32 million, a price-to-earnings ratio of 10.71 and a beta of 0.73. The firm’s 50 day moving average is $11.56 and its 200-day moving average is $12.02.

Pennantpark Floating Rate Capital (NASDAQ:PFLT) last released its earnings results on Wednesday, August 7th. The asset manager reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.01). Pennantpark Floating Rate Capital had a net margin of 16.65% and a return on equity of 8.83%. The business had revenue of $22.88 million for the quarter, compared to analyst estimates of $22.90 million. On average, analysts forecast that Pennantpark Floating Rate Capital Ltd will post 1.19 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 17th were given a dividend of $0.095 per share. The ex-dividend date was Monday, September 16th. This represents a $1.14 dividend on an annualized basis and a yield of 10.04%. Pennantpark Floating Rate Capital’s payout ratio is presently 107.55%.

In other Pennantpark Floating Rate Capital news, insider Arthur H. Penn bought 9,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average cost of $11.66 per share, for a total transaction of $104,940.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Samuel L. Katz bought 25,000 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were acquired at an average price of $11.42 per share, for a total transaction of $285,500.00. Following the completion of the transaction, the director now owns 191,800 shares in the company, valued at approximately $2,190,356. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 50,000 shares of company stock worth $575,400. Corporate insiders own 1.00% of the company’s stock.

A number of brokerages have commented on PFLT. Zacks Investment Research raised shares of Pennantpark Floating Rate Capital from a “sell” rating to a “hold” rating in a report on Wednesday. BidaskClub lowered shares of Pennantpark Floating Rate Capital from a “buy” rating to a “hold” rating in a report on Wednesday, August 14th. Finally, JMP Securities decreased their price objective on shares of Pennantpark Floating Rate Capital from $13.50 to $13.00 and set a “market outperform” rating on the stock in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Pennantpark Floating Rate Capital currently has a consensus rating of “Hold” and a consensus price target of $13.50.

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.

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Want to see what other hedge funds are holding PFLT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Pennantpark Floating Rate Capital Ltd (NASDAQ:PFLT).

Institutional Ownership by Quarter for Pennantpark Floating Rate Capital (NASDAQ:PFLT)

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