Walkner Condon Financial Advisors LLC Acquires Shares of 17,500 PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT)

Walkner Condon Financial Advisors LLC acquired a new stake in shares of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 17,500 shares of the asset manager’s stock, valued at approximately $191,000.

A number of other institutional investors have also added to or reduced their stakes in PFLT. Wilmington Savings Fund Society FSB purchased a new position in shares of PennantPark Floating Rate Capital in the third quarter valued at $39,000. Calton & Associates Inc. purchased a new position in PennantPark Floating Rate Capital during the third quarter worth $119,000. Jmac Enterprises LLC purchased a new position in PennantPark Floating Rate Capital during the third quarter worth $120,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in PennantPark Floating Rate Capital during the fourth quarter worth $131,000. Finally, Paloma Partners Management Co purchased a new position in PennantPark Floating Rate Capital during the third quarter worth $174,000. 19.77% of the stock is owned by hedge funds and other institutional investors.

PennantPark Floating Rate Capital Stock Down 0.7 %

NASDAQ:PFLT opened at $11.18 on Friday. PennantPark Floating Rate Capital Ltd. has a twelve month low of $10.28 and a twelve month high of $12.02. The company has a market cap of $930.10 million, a price-to-earnings ratio of 7.81 and a beta of 1.65. The stock has a fifty day simple moving average of $11.03 and a 200-day simple moving average of $11.20. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.63.

PennantPark Floating Rate Capital Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Investors of record on Tuesday, February 18th will be issued a $0.1025 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $1.23 annualized dividend and a dividend yield of 11.01%. PennantPark Floating Rate Capital’s payout ratio is currently 86.01%.

Wall Street Analysts Forecast Growth

PFLT has been the subject of several recent analyst reports. StockNews.com raised shares of PennantPark Floating Rate Capital from a “sell” rating to a “hold” rating in a research note on Wednesday. Raymond James began coverage on PennantPark Floating Rate Capital in a research report on Friday, December 20th. They set a “market perform” rating for the company.

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.