PennantPark Floating Rate Capital (PFLT) Earns Daily News Impact Rating of -0.11

News stories about PennantPark Floating Rate Capital (NASDAQ:PFLT) have trended somewhat negative recently, according to Accern. The research firm identifies positive and negative news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. PennantPark Floating Rate Capital earned a media sentiment score of -0.11 on Accern’s scale. Accern also assigned media coverage about the asset manager an impact score of 46.323351855891 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

Here are some of the news articles that may have impacted Accern Sentiment’s rankings:

PennantPark Floating Rate Capital (NASDAQ:PFLT) traded down $0.01 during midday trading on Wednesday, reaching $13.89. 276,200 shares of the company’s stock traded hands, compared to its average volume of 211,893. PennantPark Floating Rate Capital has a 12-month low of $13.10 and a 12-month high of $14.65. The stock has a market cap of $451.47, a PE ratio of 12.75 and a beta of 0.60.

The company also recently disclosed a monthly dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.095 per share. This represents a $1.14 annualized dividend and a yield of 8.21%. The ex-dividend date is Thursday, November 16th. PennantPark Floating Rate Capital’s payout ratio is 78.08%.

Several research analysts have issued reports on PFLT shares. Zacks Investment Research lowered shares of PennantPark Floating Rate Capital from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. Maxim Group restated a “buy” rating and issued a $14.75 price target on shares of PennantPark Floating Rate Capital in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $16.00 price target on shares of PennantPark Floating Rate Capital and gave the stock a “buy” rating in a research report on Thursday, October 5th. Finally, BidaskClub upgraded shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research report on Saturday, August 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. PennantPark Floating Rate Capital currently has a consensus rating of “Buy” and an average target price of $15.08.

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PennantPark Floating Rate Capital Company Profile

PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed and non-diversified investment company. Its investment objectives are to generate current income and capital appreciation by investing primarily in floating rate loans and other investments made to the United States middle-market companies.

Insider Buying and Selling by Quarter for PennantPark Floating Rate Capital (NASDAQ:PFLT)

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